Paul Graham Endorses Bitcoin | Hacker News Reader

Paul Graham Endorses Bitcoin

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13 pointsrasengan23 comments

Here's my piece of insight: I find paying for comments pathetic, distasteful and disrespectful to HN.

The goal is to help spread usage of the YC startup and indirectly bitcoin.

We removed the end of our post about paying the first 5 people 0.5 BTC through coinbase since it seems that's probably what got this post killed from the front page. Kinda sad since the intention was clearly to help promote coinbase.com

No, it's not sad it's correct. you are cheating and it's a scammish thing to so.

Cheating on getting comments? I really didn't care if we had comments or not, I thought it was a good enough post on its own. I thought giving the first 5 people a prize through a YC company wouldn't be seen as scamming.

I could see the argument that if everyone did that HN would be shit. But I don't really see HN having many opportunities for people to do that.

I think ycombinator has been interested in the space of online payments for a while now (they funded WePay in 2009, and Stripe last year), and bitcoins could very well be a game changer in that respect. This might not be a new endorsement, just a continuation of their strategy in that respect.

email: ankitsoni9 !a-t! gmail !d-o-t! com

why did you put an email in your comment?

P.S.

Oh, i see, paid comments. sad.

You see a sad comment, I see a 1 minute job that gave me $3 and a good incentive to learn a bit more about bitcoins. Also, I like money. boohoo.

It's not the comment that's sad, it's the fact that for a pitifully low sum of money you were happy to shred the integrity of your comment.

Show me the part where I threw away the integrity of my comment. The comment doesn't pay lip-service to Coinbase (having never used it), and is basically the comment I would've written regardless.

I don't think that funding coinbase constitutes PG's endorsement [of bitcoin].

How about his indirect endorsement?

Perhaps.

Where is this indirect endorsement? I see nothing on the linked page that supports this. All it says is that Graham has funded a Bitcoin-related startup, and then declares that this must mean he indirectly endorses it.

I don't see how you make that inference. You can infer that Graham believes that there is money to be made in Bitcoin services, but not that he endorses Bitcoin itself.

I see 'believing that there is money to be made in Bitcoin services' as 'indirectly endorsing Bitcoin'

Bitcoin currently lacks legitimacy and security. Paul Graham helps with the former, time will tell about the latter.

Bitcoin, the protocol, has never been hacked - only services built on top of the protocol.

If Paul Graham endorses something, he'll write an essay explaining exactly why. Investing is gambling, and he's seeing what happens. On the off-chance that bitcoin does survive getting in early could pay off bigtime.

I haven't found so far how to import my own Bitcoin wallet...

He endorses it $164k worth. Awesome.

The person who makes bitcoin easy to use will be famous, and possibly very rich. Go coinbase!

19hMEAaRMbEhfSkeU4GT8mgSuyR4t4M6TH

if you want 0.5 BTC you gotta put an email because I'm going to send it through coinbase.com not the BTC network itself

You should consider a feature for coinbase to allow for btc to be sent (via lookup) to email addresses. For instance, the Electrum client allows this by the recipient hosting a bitcoin url on their domain. julian@tosh.us maps to http://tosh.us/bitcoin.id/julian which returns my bitcoin address.

jr (dot) willett (at) gmail (dot) com - thanks!

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