Bitcoin Forum

Hi,

Which vote makes Bitcoin more susceptible to price manipulation and why?

And will the peaks and dips be more frequent / deeper as a result?

Cheers MX

What swiss vote? You mean the question in the swiss parliament for a report around bitcoin?

I don't really care about price manipulation, peaks and dips. I care about the utility of bitcoin. Which is clearly much more useful if classified as a currency than a commodity, so I'm hoping the Swiss vote goes for sayings its a currency.

many Gold bugs there, Gold is history

their dosn't need to be a vote just acceptance of reality

Acceptance of reality comes via laws. There's a lot of Swiss people (bankers) that will do anything possible to keep gold as a store of value. So the vote will certainly be interesting.

Golds store of value is relative to its supply and demand, its used for jewelry etc, its will be also a great backing for bitcoin too.

What has stopped silve and golds explosion in values is the fact that technological advances are reducing the usage

for example silver in the photographic industry

There is no fucking vote. Absolute crap posted by a pump and dumper.
There won't be a vote in switzerland about bitcoin the next 2-5 years. It takes a lot of time in a direct democracy.

Most of the suckers here don't even know where switzerland is located.

I think you will find it is a vote of some sort:


http://www.finextra.com/news/fullstory.aspx?newsitemid=25521&topic=retail

Ok.. I give up.
I'm swiss and you are not.

So don't take things from lousy translations as fact. Every idiot copied from the same BS source. Noone read the original statement in german.

It's a postulate and they vote to talk about. The risks and chances of bitcoin.

There is no public vote.
They vote (internally) if it's necessary to talk about bitcoin.
That's way less then the US senat hearings. We are slow in adepting new things.


That fucking shit about foreign currency drives me nuts. There is NO such thing.
Read the postulate in german as I did and stop writing utter bullshit about things you don't know anything.

After the bank of china notice people desperately looking for good news that involve two words. Government and currency.

Dear Mirsad,

Thank you for taking the time and trouble to explain the issue to the illiterate masses like myself who are not good at foreign languages.

Mark

Currency must be debt based, and Bitcoin is not. Bitcoin is commodity

Does it matter if it's a currency or commodity?
As long as you can trade it and use it to buy things it doesn't really matter.
Only if a government forbids companies to accept commodity it will be a problem. (I believe this to be the heart of the discussion)

Thank you for clearing that up. No need for world wide public debate now

You just got mislead by flashy headlines. Happens all the time especially when you learn for bitcoin from mainstream media.

The main problem is most people can't be arsed to actually read the articles. They just read the headlines, which we all know are sensationalised, and comment on those. How lazy has the human race got?