These guys making sidechains are extremely vested in bitcoin. I am sure they all have huge stashes and are doing this to protect their investment.
"Huge stashes" is a bad assumption. Tweet from Jeff Garzik earlier this year:
"As such, I dare to do what few if any others do: My #bitcoin balance is 348.006 BTC."
I'm guessing other frequent contributors have this mindset:
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I'm investing a lot of time into this, because it is interesting, fun, potentially world-changing, and might be good for my career.
Since I'm investing so much time and expertise, I'm not going to invest a lot of my hard-earned money-- I see how risky Bitcoin is, and I'm not willing to "go all in" with both my time AND my savings.
Since I'm investing so much time and expertise, I'm not going to invest a lot of my hard-earned money-- I see how risky Bitcoin is, and I'm not willing to "go all in" with both my time AND my savings.
And I'm sure lots of early adopters thought:
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I bought 100 BTC at $1. They are now $10. I would be an idiot not to cash out half of them and lock in that insane, 10x return. I'll keep 50 just in case the price ever goes to $100.