Bitcoin Forum

Bitcoin => Press => Topic started by: bryant.coleman on April 05, 2015, 06:34:25 AM



Title: [2015-04-04] Skift: Turning Airline Miles Into Bitcoin?
Post by: bryant.coleman on April 05, 2015, 06:34:25 AM
Another proof that the acceptability is growing day by day.  ;D

http://skift.com/2015/04/03/turning-airline-miles-into-bitcoin-its-possible-as-alternative-currencies-edge-ahead/

Quote
Bitcoin For Miles, a business unit of Bitcoin Brands Inc., proposes that travelers convert unwanted miles, and other reward points, into bitcoin in what the company describes as a “fast, discreet and now even more private” transaction.


Title: Re: [2015-04-04] Skift: Turning Airline Miles Into Bitcoin?
Post by: Armis on April 05, 2015, 06:25:54 PM
Another proof that the acceptability is growing day by day.  ;D

http://skift.com/2015/04/03/turning-airline-miles-into-bitcoin-its-possible-as-alternative-currencies-edge-ahead/

Quote
Bitcoin For Miles, a business unit of Bitcoin Brands Inc., proposes that travelers convert unwanted miles, and other reward points, into bitcoin in what the company describes as a “fast, discreet and now even more private” transaction.

skift.com is a nice clean looking site, you are invited to be an PICISI sponsor.



Title: Re: [2015-04-04] Skift: Turning Airline Miles Into Bitcoin?
Post by: bornil267645 on April 06, 2015, 04:19:46 AM
There's no doubt that bitcoin community is growing by the day, but there are confusion among the existing users. So this kind of movement should put some believe into those hopeless people that Bitcoin does have the power to rise.


Title: Re: [2015-04-04] Skift: Turning Airline Miles Into Bitcoin?
Post by: Armis on April 06, 2015, 04:42:30 AM
There's no doubt that bitcoin community is growing by the day, but there are confusion among the existing users. So this kind of movement should put some believe into those hopeless people that Bitcoin does have the power to rise.


uhmm, I doubt it ...

in my eyes it seems the bitcoin community has decreased dramatically, not just in market cap value, but also in trade volume, community size, community participation, and many other ways.    The most fundamental reason prices are low across the board is because there is more supply than demand. 

I'm seeing many CC businesses open and close in the blink of an eye.  Also, the "real investor" pool is evaporating.

I wonder what your reference is?



Title: Re: [2015-04-04] Skift: Turning Airline Miles Into Bitcoin?
Post by: bryant.coleman on April 06, 2015, 09:48:29 AM
uhmm, I doubt it ...

in my eyes it seems the bitcoin community has decreased dramatically, not just in market cap value, but also in trade volume, community size, community participation, and many other ways.    The most fundamental reason prices are low across the board is because there is more supply than demand. 

I don't think that in absolute numbers, Bitcoiner population has decreased. A lot of users have lost their interest in Bitcoin and can be branded as "dormant users" right now. But I hope that this phenomenon is a temporary one.


Title: Re: [2015-04-04] Skift: Turning Airline Miles Into Bitcoin?
Post by: Armis on April 06, 2015, 10:42:17 AM
uhmm, I doubt it ...

in my eyes it seems the bitcoin community has decreased dramatically, not just in market cap value, but also in trade volume, community size, community participation, and many other ways.    The most fundamental reason prices are low across the board is because there is more supply than demand. 

I don't think that in absolute numbers, Bitcoiner population has decreased. A lot of users have lost their interest in Bitcoin and can be branded as "dormant users" right now. But I hope that this phenomenon is a temporary one.

You used the term "dormant" which by definition means not growing.  But I can't let you off the hook even with that because the numbers have actually gone south, in real terms. 

Activity at BCT is at a relative crawl compared to previous years however membership enrollment is going up, clearly a few people are getting loads of memberships with the hopes of selling them.  The con games, the schemes, the ponzi, PND, etc ... has injured the CC industry ... the BTC tumble over 80% of 2014 is the proof.    All of that nonsense has driven lots of meaningful interest away.

Take a look at the stats at Alexa.com what you will see is negative growth -- shrinking