Bitcoin Forum

http://www.coindesk.com/koreans-have-thousands-new-online-bitcoin-opportunities-thanks-galaxia/



well, once again the whales have managed to push price back down so the newsegg news 'never happened'
like the apple news never happened etc.

I am now assuming news like this won't help even though is very big

It will take ebay, paypal, western union news for the big jump

no reaction???

Something or someone is definitely keeping the price down. I don't mind too much as it gives people like myself more time to accumulate.

Good to see some infrastructure going up outside of the US though. 

These are just words for now.  No one knows what this will mean, how will it be implemented?,  which companies will be adding btc payment options?, when?, etc.  We at the Seoul bitcoin meet up will try to have a speaker from 1 or both Galaxia and Coinplug talk about these plans.
There are very few bitcoin users in Korea now, the Korean forum Ddengle just past 7000 memebers.  This is all good news, give it time.

The first crawling of our baby is happening, it's just a matter of time, Bitcoin it's about to make a first huge step soon and start walking...

watch James d'angelos video on price modeling, it is quite informative.
Basically, high prices are all about displacing the big markets, gold,etc.

merchant adoption, while important, doesn't positively impact
price in the short term, and can even drive it down when coins
are cashed out...

speculative excitement can help price to some degree, there has been
lots of good news lately and the price is up greatly from 2 months
ago,...but don't forget, 3600 new coins get mined daily.

I hope someday we can use bitcoin just like credit card to make purchase, I believe that day is not far from me.

retail adoption, will be unlikely to cause any price jump as the real money is not in retail.

Eg APPL is about 1/20th the size of very large private/gov company. Which in itself is a fraction of the money market out there.

We just have to be patient. Why are people rushing for this?

People get excited. For me this is the time to accumulate as much as possible before the price explodes. Enjoy the calm and keep stockpiling.

All that is good, however, we have to keep in mind too that it's not all about the price of BTC, it's about getting people to use it as it's supposed to be used - as a currency.

A slight dip in the PRICE of BTC is worth the amount of merchants taking it as payment as it gives it more VALUE.

Nice point. There is a distinction between value and exchange rate. As more merchants come into bit coin we will be able to get a truer sense of value by  measuring purchasing power of a specific amount of bitcoin. 

Yet few seem to actually realize this. It might happen tomorrow, it might happen next year you never know.

Now I'm hoping for Gmarket to start taking bitcoins... please, please!

No way in hell. They are still forced to use interest explorer for the sake of security. They won't be doing anything high tech.

I don't think you know what you're talking about. Korea is in the forefront of a lot of high-tech. Want to see pioneers? Visit Daejon.

Except for the fact what he said about IE is true: http://www.zdnet.com/south-koreans-use-internet-explorer-its-the-law-7000022827/

Great news, given Korea's high broadband penetration and tech savvy population, cryptos hopefully have a great future there

No. Not true.
You can get by without IE. You can use a Mac even. This has been true for a few years.
I've been dealing with this shit for a VERY long time (and you have no idea about just how much pain I have endured dealing with Korean banking over the years). Think back to the beginning of Internet banking in Korea... (I even did work for some of the early payment gateways there and got to see the tech side up close from an insider perspective.)

Back in 2002 or so, you had to use IE for Korean Internet banking. It just didn't work otherwise. But that was then. This is now. 10+ years is a long time to get things done.

The ZDnet author there just doesn't know what he's talking about. He's just parroting some shit he read with zero experience. In fact, he's fucking lying and probably a piece of shit shill. Here's the proof (Korea Exchange Bank):
http://imgur.com/hBg1sUf

The line that starts "MS IE(" just says that the information below is for non-IE users to read. The next line says that you can use online banking with the OSes and browsers listed. (I'm paraphrasing.) Below the OS images, it literally says: Korea Exchange Bank Supported Operating Systems Windows, MacIntosh, Linux. Similar on the right side there.
This is not new.

So, no. Buddy is just full of shit & doesn't know what he's talking about. Both the poster above & the shill at ZDnet.
Korea is a fucking amazing country, with a wildly techno-savvy population that just adores new gadgets and technologies.
Some of the coolest shit out there comes from Korea.

If you want to find out what will be popular next year, go to Korea. You'll see it on the shelves.
Want to see the most beautiful women on the planet? Gangnam. Style. Wink Tongue Yeah - it's true. Cheesy

To the noob that keeps replying to the same poster 3 times....

Do you know you can edit your post? tech savvy much?  ::)

No, retail adoption alone won't cause a price jump. Bitcoin's strength is person-to-person transactions - sending money to friends and family. The reason merchant adoption is important is that it makes your friends more likely to accept bitcoin for debts. "I don't have the right change on my right now, but I can give it to you in bitcoins" "what's that?" "Oh you haven't heard? You can use them in thousands of shops via Galaxia."

Edited.
Sorry for that, buddy

I can finally buy my kpop albums in bitcoin

I hope someday we can use bitcoin just like credit card to make purchase, I believe that day is not far from me.

For anyone who is in Korea or is thinking about visiting: Seoul Bitcoin Meetup http://www.meetup.com/Seoul-Bitcoin-Meetup-%EC%84%9C%EC%9A%B8-%EB%B9%84%ED%8A%B8%EC%BD%94%EC%9D%B8-%EB%AA%A8%EC%9E%84/

Really great news. I love these 'established payment processor with thousands of merchants implements bitcoin' stories. It's really important for them to be cataloged though, that's another issue, cause there's probably loads that nobody knows about online. Like a Yelp but only for bitcoin, that'd be cool.

With your over the top language and put-downs, one could easily assume you're the shill, shilling for all things Korea.
While demonstrating your blind lust for Korea, you failed to mention that all supported browsers/operating systems still require download of 4 to 5 "security" programs which actually make your pc more unstable and insecure.

My girlfriend is from Korea and she has never heard of Galaxia

so what. that would be like some girl from America never heard of authorize.net.

I hope I believe that day we can use bitcoin someday just like credit card to make purchase, is not far from me.

Agreed, most established payment processors tend to just stay in the background. The merchant should be highlight, not the payment method nor the middleman.

Bitcoin's unique that way, a payment method giving you free publicity  if you accept it.