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Title: so, whos buying? Post by: daoneway on July 25, 2015, 11:25:11 PM http://www.bloomberg.com/news/articles/2015-07-23/nasdaq-expects-to-be-first-exchange-to-use-bitcoin-technology
Title: Re: so, whos buying? Post by: jeffthebaker on July 25, 2015, 11:38:19 PM Most people don't spend their Bitcoin because they view it as an investment, and don't want to lose future value. Once this goes live, people will finally be able to spend their Bitcoins on other investments, and can continue to see their value grow without being forced to hold.
Title: Re: so, whos buying? Post by: unent on July 26, 2015, 12:29:21 AM It doesn't seem like they will be buying many Bitcoins. The nasdaq press release says they will be working with chain.com
http://www.nasdaq.com/press-release/nasdaq-and-chain-to-partner-on-blockchain-technology-initiative-20150624-00446 The chain.com blog at http://blog.chain.com/ gives this link to their explanation of how they intend to use the blockchain https://medium.com/investing-2-0/wall-street-meet-block-chain-b2747909eb90 They say they will use the Bitcoin blockchain to move assets but that they will only pay pennies worth of Bitcoin for each transaction. Quote Bitcoin is the oil in the machine. When creating or transferring a digital asset, you use a standard bitcoin transaction as the mechanism, which requires bitcoins to pay the fee that keeps the network secure. But very little bitcoin is needed for any given asset transaction. Even if the issuance or transfer involves billions of dollars of value, only pennies worth of bitcoin are used. It’s like a postage stamp on an envelope full of assets. They also say they are looking at Stellar, Ripple, Side Chains, and ethereum to move assets when they have proved their reliability. Quote There are other open financial networks being designed and tested, and the financial cloud will likely interoperate with them as they prove out their security models in the years ahead. Prominent examples include Stellar, Ripple, Side Chains, and ethereum. Title: Re: so, whos buying? Post by: VirosaGITS on July 26, 2015, 12:30:34 AM Most people don't spend their Bitcoin because they view it as an investment, and don't want to lose future value. Once this goes live, people will finally be able to spend their Bitcoins on other investments, and can continue to see their value grow without being forced to hold. No difference for me. I will continue investing my BTC earned into generating more BTC. I am not sure how much upward pressure that project would bring but it otherwise doesn't change anything for a small miner like. Title: Re: so, whos buying? Post by: coinableS on July 26, 2015, 12:39:18 AM Most people don't spend their Bitcoin because they view it as an investment, and don't want to lose future value. Once this goes live, people will finally be able to spend their Bitcoins on other investments, and can continue to see their value grow without being forced to hold. I have no intention of giving away my precious BTC for a dime-a-dozen stock. Unless it's a share of Berkshire-Hathaway :D :D Title: Re: so, whos buying? Post by: AtheistAKASaneBrain on July 26, 2015, 12:46:01 AM Most people don't spend their Bitcoin because they view it as an investment, and don't want to lose future value. Once this goes live, people will finally be able to spend their Bitcoins on other investments, and can continue to see their value grow without being forced to hold. I have no intention of giving away my precious BTC for a dime-a-dozen stock. Unless it's a share of Berkshire-Hathaway :D :D Berkshire-Hathaway class A or B? :) I wouldnt share a BTC for anything else. What's better than having "shares" of the most important network ever itself? having 1 BTC is like having 1 share of Berkshire-Hathaway Class A in the future, this is clear to anyone with long term vision. Title: Re: so, whos buying? Post by: jjacob on July 26, 2015, 03:10:40 AM The chain.com blog at http://blog.chain.com/ gives this link to their explanation of how they intend to use the blockchain https://medium.com/investing-2-0/wall-street-meet-block-chain-b2747909eb90 They say they will use the Bitcoin blockchain to move assets but that they will only pay pennies worth of Bitcoin for each transaction. Quote Bitcoin is the oil in the machine. When creating or transferring a digital asset, you use a standard bitcoin transaction as the mechanism, which requires bitcoins to pay the fee that keeps the network secure. But very little bitcoin is needed for any given asset transaction. Even if the issuance or transfer involves billions of dollars of value, only pennies worth of bitcoin are used. It’s like a postage stamp on an envelope full of assets. If all exchanges move to leveraging the blockchain, it is actually very good news. I am glad they are considering using the Bitcoin blockchain than setting up an alt specifically for this purpose. Title: Re: so, whos buying? Post by: jeannemadrigal2 on July 26, 2015, 03:16:52 AM I think the biggest impact this has is to get the word out about bitcoin. It makes it look so much better if such a big exchange like nasdaq is using it. It is goin mainstream, that is what it says. Anything else is secondary. I think this will start to get some real attention.
Title: Re: so, whos buying? Post by: VirosaGITS on July 26, 2015, 03:21:32 AM I think the biggest impact this has is to get the word out about bitcoin. It makes it look so much better if such a big exchange like nasdaq is using it. It is goin mainstream, that is what it says. Anything else is secondary. I think this will start to get some real attention. Indeed. Any mainstream application for Bitcoin can draw attention to it. Hopefully it will be the good kind of attention and no massive corporation will see it as BTC becoming a threat. I mean, its possible to take BTC and make it a big application but its also possible to kill it, if you have the money, so~ Let's hope this just mean upward pressure xD Title: Re: so, whos buying? Post by: LiteCoinGuy on July 26, 2015, 06:30:11 AM Most people don't spend their Bitcoin because they view it as an investment, and don't want to lose future value. Once this goes live, people will finally be able to spend their Bitcoins on other investments, and can continue to see their value grow without being forced to hold. you can safe and spend BTC at the same time. buy some as an investment, and use some / spend BTC to give your investment more value. my view :) Title: Re: so, whos buying? Post by: Amph on July 26, 2015, 07:29:05 AM they weren't pro bitcoin? the article refer mainly to bitcoin technology, again the shit about blockchain yay and bitcoin no
Most people don't spend their Bitcoin because they view it as an investment, and don't want to lose future value. Once this goes live, people will finally be able to spend their Bitcoins on other investments, and can continue to see their value grow without being forced to hold. it could be the reason why the price is stuck there and price correction are becoming very rare and slow, the holders % is rising for sure Title: Re: so, whos buying? Post by: BTCLovingDude on July 26, 2015, 03:33:20 PM meh, this looks to me more like a great way to increase bitcoin 's publicity, that is all. and any sort of publicity is great for bitcoin.
Title: Re: so, whos buying? Post by: alva5763 on July 26, 2015, 05:35:33 PM Are there any countries or geographical ares that hold more bitcoin than others?
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