Bitcoin Forum

The power they possess over Media , social networks and so many other spheres which can literally make anything mainstream over night..

FORD foundation

OPEN society foundation.

Open society is by the Billionaire Hedge fund manager George Soros..

just a week ago in India nobody knew about Net neutrality in India, but literally overnight the poured their 196 million stash and now every tom dick harry is discussing about net neutrality, politicians , celebrities and this is mind blowing..

this article gives an insight why they are doing it so
http://watchdog.org/187392/ford-foundation/
 (http://watchdog.org/187392/ford-foundation/)
So the Indian Government has frozen the accounts of Ford Foundation, maybe it does not want India to become Ukraine..

the same thing happened with India against corruption movement before 3 years, literally overnight the movement became mainstream and talk of the nation..
http://www.hindustantimes.com/india-news/us-expresses-concern-seeks-clarification-over-india-s-crackdown-on-ford-foundation/article1-1340842.aspx (http://www.hindustantimes.com/india-news/us-expresses-concern-seeks-clarification-over-india-s-crackdown-on-ford-foundation/article1-1340842.aspx)

I just wish that these foundation take up bitcoin and help it become mainstream! For that bitcoin somehow has to benefit the top 1%! that is when bitcoin can go to moon.

I dont think they have the power to take bitcoin mainstream. Taking bitcoin mainstream would take a change in society, not a signle organization.

Yeah agreed. True change will take time and change in not only social constructs btu also attitude toward technology. Patience.

people don't have patience. they want global adoption to happen tomorrow so they can sell their coins with high profit. they don't realize that it doesn't work like that.

Bitcoin is already mainstream. Now the Q is about price. I dont think any single media house can dictate the price of a free market product.

people can't work together, they work always individually when money are involved, this is the reason why only rich guy can do something about the current price of bitcoin, then the "noob"(people) will follow naturally

it's like the boss of a gang of bandits...

No, I don't think that it works this way. Of course, if media reported on Bitcoin, there would be an influx of new people - sure. But people need something to have an application, a use for them. And right now Bitcoin still needs to grow a lot before it becomes viable for the mainstream. You can't just advertise something and it becomes successful - think "Tidal".

I can wait 10 + years for bitcoin to go the moon.
Why do people want it all now?

Nothing good ever came easy.

If bitcoin does ever end up being worth 100,000 USD would you sell or just live on bitcoin?
That's the question.

If we ever see 100k bitcoins why would we want to convert back into USD?

.... in a few words : we need a real revolution (not only from an economic point of view but also from a society view).





I hope that this problem will not 'born' also in the bitcoin economy (but I am sure it will cause a lot of trouble like the FIAT value).

I've seen this often. Once bitcoin becomes worth enough to make us all millionaires we wont need to sell it anymore, wed just use it.

Yeah, but its value would still need to rise. Even if we spend a coin, its value (denominated in USD or any other FIAT currency) still needs to be considerably higher than at the point where the coin was purchased. We could also go and measure Bitcoins value in loafs of bread - the result would basically be the same!

Widespread adoption is the key. Lots of people still think Bitcoin is for super techies or hackers.

Commericals showing the potential simplicity of Bitcoin transactions would help so yes people with lots of money could push BTC more toward widespread use.

Yes, showing the advantages of Bitcoin could be the key to actually achieve an increasing adoption. But I think that we still need to make things simpler for regular people. Sure, there are already kind of easy wallets like Breadwallet, and so on, but a lot of people may still not see why they should use another currency, when they can use their respective FIAT currency to pay for things!

If I had global adoption tomorrow, I'd have no reason to ever sell my coins, I could just spend them as-is without having to worry about exchange rates and fees.

edit: To a certain extent I already can. I've been paying for web hosting with BTC for a couple years now, I can buy electronics and certain other miscellaneous items on Overstock, and there are plenty of other places online (sadly, no local brick-and-mortar) where I can spend them. I'd think with global adoption, though, the value (in terms of buying power, or USD/Euro price, or however else you want to measure it) would be a lot more stable.

Its all Bunk.  U can literally have an unlimited supply of coins by enlisting in disability

According to the article, the Foundation had significant interests in companies which would benefit from net neutrality and hence supported it. Does it have investments in Bitcoin companies?  ;)

Something exclusively sold for bitcoin is more meaningful, and that's how most of the fiat money get their value (domestic products/services sold exclusively for fiat money in that country)

International sale, digital products, domain, software subscription etc...

They don't. Bitcoin is not your personal get rich quick scheme. Crap thread. Get out.

I don't think The few top rich ppl will easily adopt bitcoin especially under the bear market of bitcoin! They are pursuing profit not the potential uncertain at the moment.

The problem I fear is that in reality these retailers are just using Coinbase/Bitpay to convert it back to fiat - meaning to them their just considering it as a foreign currency transaction. This isn't really that useful - wha you'd want is for them to keep the Bitcoin and use it to pay for wages and shipping etc. making it an actual currency rather than just a commodity. Unfortunately it is a catch-22, someone has to be willing to go first and have the gall to keep Bitcoins rather than converting them back, but no one wants to do that since nobody else has done it.

They don't do this because too large exchange rate risk, even during the one hour time when the trade is under confirmation, the exchange rate will fluctuate wildly thus cause a loss (or gain) for one of the trade party. In fact, even if they immediately convert, some of the coins are still needed in the transaction, that will raise the demand, also helping expanding bitcoin economy

We are seeing a huge currency war around the world, and during this war, some of the small fiat currencies swing wildly similar to bitcoin. The merchant of those country might prefer to hold bitcoin to avoid the volatility in local currency, especially international importers/exporters