Seeking Alpha


Send Message
View as an RSS Feed
View GregScotts' Comments BY TICKER:
Latest  |  Highest rated
  • An Alternate Way To Profit Off Bitcoin [View article]
    Penny stocks are volatile, because they have a small market cap.
    Do you understand?

    "Bitcoin is a fad, much as Twitter is."
    Just like the Telephone, Television, and the Aeroplane.
    Jun 4, 2014. 07:56 AM | 3 Likes Like |Link to Comment
  • An Alternate Way To Profit Off Bitcoin [View article]
    "The issue of terrorist money laundering by itself will put the kabosh on it. "

    Last I heard the US Dollar still exists and HSBC are still trading.

    " Unless you can figure out a way to show Bitcoin transactions in a reproducible way--which you can't--they are not amenable to audit. "

    This shows you have absolutely no clue what you are talking about. I suggest you do some reading because you look like a joke to anybody that knows anything about Bitcoin.
    Jun 4, 2014. 07:52 AM | 3 Likes Like |Link to Comment
  • An Alternate Way To Profit Off Bitcoin [View article]
    "It lacks a legitimate high-confidence clearing mechanism and there's no means of reversing erroneous or fraudulent transactions. None. "

    You don't get higher confidence than the mathematical certainty that Bitcoin provides. I trust that 2+2=4 more than I trust any bank in existance.

    "At least not without giving up the characteristics that make it so appealing in the first place: anonymity, instantaneous, and irreversible. I don't think it's an accident that no money-center bank in the US or the UK has indicated any interest in Bitcoins."

    Well it isn't instantaneous, or anonymous, regarding irreversibility this will exist in the future. Counter-parties will spring up and it will be an open market which you choose when making your transaction. You must understand that Bitcoin will be upgraded just like every other piece of software out there. You're looking at Notepad and failing to see Microsoft Office.

    "At its core, Bitcoin has all the weaknesses of a fiat currency and no strengths--no government to stand behind it, no court system to enforce contractual transactions requiring its use, and no ability to reverse any transaction. "

    No government is a good thing.
    There is no reason why Bitcoin transactions and contracts would not be enforceable by the courts. What weaknesses of fiat currency exist with in Bitcoin exactly?

    "So tell me again why Bitcoins are so much better than fiat currency other than it lets you break some laws?"

    You are so pathetically uninformed it is truly ugly how you can be so fervent in your views. You will find out in a few years.
    Take a second and think about our society; technological progress; the move to digitalisation. Do you really think printed paper would last forever?
    Jun 4, 2014. 07:46 AM | 3 Likes Like |Link to Comment
  • European Banks Aren't As Healthy As Investors Think [View article]
    The UK Govt is rumoured to be looking to offload a % of its' holdings in Lloyds in early 2014, possibly in some sort of "public giveaway.*" (*whatever that means).
    How do you think this could affect the current share price?
    Dec 16, 2013. 11:28 AM | Likes Like |Link to Comment
  • eBay - Price Is Still Too High To Shop Despite Strong Holiday Sales [View article]
    What competition is there for Paypal?
    Google closed down their payment solutions for ecommerce this year. (And officially recommended people switch to Braintree!)
    I see great continued potential for Paypal.

    No position.
    Dec 3, 2013. 05:33 PM | Likes Like |Link to Comment
  • Where To Find Bargains In Over-Extended Equity Markets [View article]
    I liked BAIDU when it was sitting at $90 but didn't have the cash. As much as I'd like to own it I can't bring myself to buy-in at this price.
    Nov 27, 2013. 06:16 AM | Likes Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will [View article]
    You can short it at a company called Plus 500 (themselves listed on LSE) with margin.
    Trading BTC with margin takes giant balls however.
    Nov 27, 2013. 04:43 AM | 2 Likes Like |Link to Comment
  • 4 Reasons To Buy BP [View article]
    No doubt about the quality of the company. I'm sitting on cash and looking at BP, but with the uncertainty right now I'm looking for a very friendly entry price. I'm happy to sit back and wait for a real buying opportunity if it comes.
    Nov 27, 2013. 04:38 AM | 1 Like Like |Link to Comment
  • The Microsoft Future... Once Again [View article]
    You have it backwards.

    Google is the future, Microsoft is the dinosaur.
    Nov 21, 2013. 09:53 AM | 1 Like Like |Link to Comment
  • Impact Of Twitter IPO On GSV Capital [View article]
    Good call!
    Nov 7, 2013. 11:58 AM | Likes Like |Link to Comment
  • Are You Also Wrong On Microsoft? [View article]
    But have you BOUGHT an XBOX?

    If so, Microsoft LOST money on that sale!!
    Oct 30, 2013. 05:16 PM | Likes Like |Link to Comment
  • Are You Also Wrong On Microsoft? [View article]
    "Way to absolve yourself of all credibility."

    Did you miss the part where Microsoft pumped billions in to developing the Xbox and has never (will never) recoup that money?

    $100,000,000 to design an Xbox controller... lol.
    Oct 30, 2013. 12:57 PM | 2 Likes Like |Link to Comment
  • Are You Also Wrong On Microsoft? [View article]
    Yes, and those are so very popular that a full 0.5% of people could even recognise such tools.

    Along with the various technical failures of several releases of their bread & butter Windows OS, you can add in entire markets that they've missed. Mobile is a failure, including tablets. Throw in the entire gaming division while we're at it as that's been nothing but a bonfire of cash.

    After failing to foresee the internet itself (some technology company, hey?) has brought us such stunning technologies as Internet Explorer, and Bing.

    Social media? The 2% they purchased in Facebook! They did manage to skillfully leverage their technological prowess to... purchase Skype.

    They're not just un-innovative, they're technically incompetent.

    Internet Explorer is a beautiful example not just of their incompetence, but of their historic abuse of their monopoly and inevitable passing by competitors.

    There is something very, very wrong at Microsoft.
    The world, and certainly the industry, will be a better place once this dinosaur is in the ground.
    Oct 30, 2013. 11:56 AM | 2 Likes Like |Link to Comment
  • Are You Also Wrong On Microsoft? [View article]
    Microsoft has failed at everything it's ever done, with the exception of its' original hits Office and Windows. But that monopoly is fast disappearing, and then you're left with a company that's completely incapable of competing with its' more innovative, desired competitors.
    Oct 30, 2013. 11:00 AM | 3 Likes Like |Link to Comment
  • Precious metals tumble [View news story]
    It is both hilarious and jaw-dropping how many people here cannot detect a tongue-in-cheek comment.

    Oct 1, 2013. 10:39 AM | 2 Likes Like |Link to Comment