Ahh, oldie but goodie. I want to relay to you my first post in this forum:


Edited for mBTC.

I've just paid for virtual admission. See you at the Summit   

I would come without him coming if I could.

I will not participate online, either, btw.

Thank you for your reply, I appreciate it.

I realize that astute bitcoin people are very busy, and therefore cannot easily read the fine print, which in this case says that the tickets will be sold at progressively higher prices. The first one was BTC1, and currently you would be able to reserve yours at BTC8, which, despite the fact that it is $1000+, will still net me a loss and cannot be considered excessive.

The level of people, targeted with this summit, is so high, that their opportunity cost of time easily runs in $thousands per day, so this is why I care about their physical well-being (and not so much care how much it will cost to me or them). It is realistically a $5-$10k investment for you or anyone from the U.S. to attend this (ticket+flight+time), so you don't want to have substandard living conditions. There is already another conference targeting a wider audience, and there is no point for me to reinvent the wheel.

As for the workshops, I have currently outlined three most critical developments in the bitcoinworld, which do need to be accomplished with the utmost speed and determination, namely:

- The Dealer Network, to stabilize the price during its appreciation phase and remove the single point of failure (Mt.Gox)
- The Supernode, to strengthen the socio-economic network, develop local power centers, and tie Bitcoin to the real world existing networks
- The Real Bill, to enable such a stable price in the long run that bitcoin can be used as a unit of account in production of goods and services

If you think there is anything more urgent and important to be done in this world than these, please post it here. Since I am pretty serious with this conference and consider it the culmination of my short career in bitcoin.

If you just see the blackness of the cars and hotness of the girls, you are myopic. This all needs to be there but the real content is in the workshops.

Thank you for the Casascius coins, they are beautiful, and a lasting testimony to your foresight.

First, thank you for the personal invitation. I'm flattered.

For all that I post here about Bitcoin, my own activities about it, and where I see it going in the future, at the moment I am still truly small potatoes. 50k minicoins - the theoretical price of one ticket if I take too long to decide - is a large portion of my total Bitcoin holdings.

What's more, I've got no passport at the moment; even if my personal situation was such that I could drop a six-day journey into it on ten days' notice, the ponderous weight of the Department of State simply can't issue me my papers on a timetable short enough for me to leave the country.

If I attend at all, it would have to be via teleconference, and I shall have to do some thinking as to what it's worth to me to attend. I have serious thoughts on the topics of the three proposed workshops, but even the current 3k minicoin price to attend virtually is, in real terms, half a ton of rice and beans - it's a price I can afford, but large enough that I must consider seriously the upsides and downsides.

I'll carefully consider, and hopefully, come to a quick decision.

Thank you all for the curious interest. This is truly like running a race in front of the world More criticism than praise, although I think I am doing pretty good considering that I only do this 24/7, and also earn my living in the process.

Today I did the following:

- Some summit members have taken on tasks to practically organize matters. Expect zeroday to start a new thread and keep it in even better order than this one is. We will also have a private forum in 48 hours max, for the delegates and people in the process.

- I scoured the city for new and ritzier offices for my supernode. So far did not find anything of interest. My problem is that I want quite large (200+ sqm), best location (only a few blocks are good enough for me), good condition (4 meter ceiling is the target, <3 disqualified), and available (so that we can move in now and not in 2 months)

- We will go to Haikko on Thursday with a 4-ppl delegation, to discuss the practicalities of the Summit with the staff of the Manor House

- Chatted over skype with a Greek delegate

- Some people want to order Casascius coins from me, I have quoted 1,800mBTC 2,200mBTC 5,500mBTC for 2013/2012/2011 BTC1 coins incl dlwy.

- Goat sold me 700,000mBTC for 2.65M THB yesterday. I have now spent about 4 hours with the bank, and currently they have promised to send the money to him on Thursday. I need to pay anything between $1k-$3k in different fees to the bank (closer to $1k now since I phoned directly to the currency broker desk to exchange EUR->THB; but I have happily paid 1.55% fees on USD->EUR automatic conversion just because I did not specify the sender to use my USD account). LOL when Goat sees the money clear, his part is done in 15 seconds. [Do you realistically think that BTC will not go to $300/mBTC, just because of the fact that using banks for anything is such a pain?]

- We are celebrating the 3rd most important annual festival in Finland, only Midsummer and Christmas (in this order) are more important

- I have almost contracted a team of 3 bright and beautiful young women to help with the organising of the summit (+ being The Summit Secretariat during the event, if ever we reach 30 participants - which I doubt but will employ them anyway)


All delegates - If you need something very important before Thursday May 2nd, 16:00 UTC, PM me. Otherwise I will have the staff and the rooms etc. ready by then and will contact everyone personally.

Since the best rooms are in short supply, please decide for yourself now, if you would like to have:

A) a suite (Manor House 2nd and highest floor apartment with bedroom, living area, bath, and large balcony facing the sea - visible in the photo in the summit invitation) with butler service for 10,000mBTC; OR

B) a single room in Manor House 1st floor with bath single room in the conference wing (same price) for 3,000mBTC; OR

C) shared room with another delegate with bath (included).

Curiosity question: what's the purpose of this particular criterion? I understand wanting your premises to be in "good conditiohn", but >10ft clearance seems like a non sequitur.

To make the discussion more convenient, I've created a separate topic dedicated solely to Bitcoin Supernode Summit.
https://bt.irlbtc.com/view/192008

I ask everyone to share their ideas relating the summit on the new thread linked above.

There is time to brag and there is time to speak plain words. Now, some of the latter kind:


To the "PTB of bitcoin":

You understand that what I am talking is true, but are afraid that it will somehow ruin your plans. It won't. The most important thing for you to understand is that you cannot destroy bitcoin, and I cannot destroy it. Therefore it will not be destroyed. Either of us can keep it going indefinitely. Any supernode can do it. MP can do it, alone, if you and I both fail.

You currently have a lot of bitcoins and there is nothing in this world that can take them away from you. Taking them from you is not even my intention. I have rather few bitcoins actually, compared to many of you. But even I have enough, the bulk of my bitcoins I plan to never spend. There is hardly a day, when I don't make more bitcoins, despite the great level of spending that I have.

This is because of the fact that I am cool, and most of you are not. If I spend bitcoins, the universe is busy giving them back to me. If you spend, they are gone. Or at least you are afraid that they would be (try it - you may be wrong ).

I don't believe it needs to stay this way - coolness is a trait that one can develop. One of the ways to develop it, is to spend time with cool people, such as me. I personally invited many of you to my summit, and I plan to have a good time there. If you would send 2-3 delegates, I believe the reality would hit you not nearly as hard, as it will, if none of the big names is present to relay the information to the current powers.

TL; DR: You will continue to have the bulk of the bitcoins, but it does not do much if you cannot spend them in a way that it brings good to all of mankind + replenishes your stack. The word "miser" is derived from "misery" for a reason.



To MP:

I cannot understand why you continue to bully your inferiors and not speak kindly (as I do), towards all who want to understand. You only posted me a proof this week that you actually have a PR lady, until that I had thought you are a schizophrenic. Your PR is not doing a good job, if I were you I would think again how to present yourself to the world. I do not believe your business is worth 700,000,000mBTC and mine is only 400,000mBTC. As I speak the truth in kindness, and you don't, the valuation of your business will decline and mine will increase. You understand all this, so I await for a change in strategy or the continued decline of your importance.


To the enthusiastic public:

Buy bitcoins with all the spare cash that you have, NOW, and continue reading this thread. It is more important to buy now, than it is to buy with a lot of cash. If you have $1, go to work and earn $10, and then buy bitcoins. If you have $100, do not go to work but buy bitcoins now. Then go to work, earn $1000 and buy bitcoins with that.

Before the year is over, wonderful things will have happened. In 1998 I was in senior high school, and we started the school year with two people in my class having a mobile phone. They called each other and the rest were quietly ridiculing them. After 9 short months, everybody except two (of the class of 36 people) had bought theirs, and only two were still considering. Bitcoin will do the same, and since there are certain things in the universe that cannot be altered, it will develop a price bubble:

When the actual adoption of Bitcoin (which is currently between 1-5 million users) hits 100 million users, bitcoin price will have risen a lot, and by "a lot" I mean that it goes to several million dollars per bitcoin. It will happen before Christmas, this year. No, not in 2016. The rate of the adoption of new ideas has constantly shortened, and bitcoin has a trait that most of the cool new stuff don't have, it makes everyone who enters in, before the mass adoption threshold of about 2% of the active population, stinking rich. This alone would fulfill the phophecy to its brim - and it is just a bonus, since the bitcoin technology is a world class invention even without that property.

Do not buy any bitcoins over and above your immediate transactional needs, after it hits its long-term sustainable value of $300/mBTC in current dollars. Or prepare to sell them at the bubble top at least.


To the doubters:

Read what I wrote to the "enthusiastic public" and decide accordingly.


To the bears:

You may think it is cool to spread FUD, trying to delay the mass adoption and enrich yourself in the process. You are wrong. It is not cool, but the opposite (lame). Also you are not really getting richer, and you know it. The ones, who are now actually getting richer by lying, are competent enough to get richer while speaking the truth, and they have enough bitcoins, and time in their hands to come to my summit and learn how to do it.


To the delegates:

After this post, I will concentrate on developing your capabilities on running a supernode of your own, and not so much talk in public or troll in this forum. Expect a change in my priorities, effective some time during the next 96 hours. And decide your service level according to my previous post, I will soon get back regarding that.


To the potential delegates:

I can easily imagine that the summit is worth your time and ticket price. If you don't, then don't attend! A certain level of imagination is required, and if you don't have it, you're wasting your time.

If you do, the tickets are still available below cost, and we are going to have a good time there*, so why wait!

*) Actually "here" since I moved my presence to Haikko already today. The Manor House (pictured) is undergoing the largest renovation in its history, and we will be the first guests there when it opens next week with its butler service. I am currently staying in the conference wing suite, which satisfies all my conditions except the height of the ceiling.)


Thank you for your time