/biz/ - Business & Finance

>>11806553

So, fee structures, I'll talk to people about that if they want later, but the idea that we want something that scales. We want innovation, development, profitability---profit does not go down to zero. Profit goes to the innovators; those who create. If you make something that is better---a faster ASIC, a faster wallet, as faster sigop---get paid for it. That's what Bitcoin is really about; it is not socialist, it is libertarian. That is capitalist, not crony-capitalism, not getting money from government: capitalism with people competing.

So we are going to add structures so that DDoS doesn't happen. In case people don't know, my past is with casinos for a long time. I've done a lot of things back from [inaudible]. I setup the first Internet casino that had a license. That was me and my company. And we were attempted to be DoS'd and attempted to knocked and attempted basically screwed by everyone who wants to take money and extort us for many years. Whether it's poker, whether it's gaming, or whatever else. And it's controllable and stoppable, and we're going to ensure with what we're setting up that miners and other know how to run a proper network without being knocked off the damn network.

Future: we want to increase revenue streams. Everyone, and I mean everyone should be making money here. We want to ensure that we have transaction and custodial-based revenue. Not us---everyone. This is a big, big potential industry. This is something that is global in nature. We are getting there.

we're nearly at Ten. Ten years. We should be competing with Visa now. Not later, not whatever else. Now!

It is coming up on ten years. That is one thousand times the scale, and we are not growing. Thirty billion dollars is not big. Thirty billion dollars is piss-ant.

[Points to screen.] That dot there is Bitcoin. When that dot there is everything, we have succeeded, and only when it is everything.

Thank you.

>>11780115

So, fee structures, I'll talk to people about that if they want later, but the idea that we want something that scales. We want innovation, development, profitability---profit does not go down to zero. Profit goes to the innovators; those who create. If you make something that is better---a faster ASIC, a faster wallet, as faster sigop---get paid for it. That's what Bitcoin is really about; it is not socialist, it is libertarian. That is capitalist, not crony-capitalism, not getting money from government: capitalism with people competing.

So we are going to add structures so that DDoS doesn't happen. In case people don't know, my past is with casinos for a long time. I've done a lot of things back from [inaudible]. I setup the first Internet casino that had a license. That was me and my company. And we were attempted to be DoS'd and attempted to knocked and attempted basically screwed by everyone who wants to take money and extort us for many years. Whether it's poker, whether it's gaming, or whatever else. And it's controllable and stoppable, and we're going to ensure with what we're setting up that miners and other know how to run a proper network without being knocked off the damn network.

Future: we want to increase revenue streams. Everyone, and I mean everyone should be making money here. We want to ensure that we have transaction and custodial-based revenue. Not us---everyone. This is a big, big potential industry. This is something that is global in nature. We are getting there.

we're nearly at Ten. Ten years. We should be competing with Visa now. Not later, not whatever else. Now!

It is coming up on ten years. That is one thousand times the scale, and we are not growing. Thirty billion dollars is not big. Thirty billion dollars is piss-ant.

[Points to screen.] That dot there is Bitcoin. When that dot there is everything, we have succeeded, and only when it is everything.

Thank you.