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Sorry OP, you are wrong
But I'll give you til tomorrow, I have a good feeling about tomorrow. But I don't see 850 don't ever show yourself again
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Yawn.... Wake me up when BTC is $10k
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Besides all these "positive arguments for bitcoin", I would like to add: These people don't have the luxury to have a "bitcoin saving account". In the end they just want their local currency to buy their basic needs like food. There are a lot of younger people working in a few big cities, they send money to their family in the smaller villages. However on both sides they would want the local currency and no bitcoins, so I do not see the advantage of including bitcoins. Of course if the stores in these smaller villages would accept bitcoin, it could be interesting. But that might take a while or might never happen. Please prove me wrong tho  I would love to work on a project that will benefit people in poor/developing countries by using bitcoin. So letting people send money to their family in small villages, that can be done with bitcoin even on a mobile phone. Then you'd need the infrastructure to convert the bitcoin to local currency. Maybe through ATMs or new platforms (similar to paypal?) that will let you buy using bitcoin like a debit card, or withdraw cash... without needing a bank account. |
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holy shit she is fine... she's dating PewDiePie though lol
kid is living the life...
1. makes youtube videos about videogames for a living
2. dating a 10/10 gf
3. millionaire
when will it be my turn? i'll settle for at least 1 out of the 3
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Did you bang any ladyboys in thailand and pay them in bitcoin?
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It's programmable money, so there are definitely a lot of opportunities that will benefit people in poor/developing countries. We just need ideas and the platforms to be developed
Micro payments w/o fees
Mobile payments w/o fees --no smartphone or internet, just cellular connection
Kickstarter-like IPOs on any sized business
Banking for the poor regardless of how little money they have
Ability to accept funds from anywhere in the world
Just off the top of my head
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We need nothing, the market will correct itself in next few weeks-months
We need a longer wait (2-3+ months or even longer)
How are these options different?
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A ton of Bay Area VC money (Andreessen Horowitz, Google Ventures, Founders Fund, etc.) has been pouring into Bitcoin-related startups. Prepare for a lot more user-friendly services/products to open the door for more newbies.
Winklevoss ETF is on its way too.
I assure you that every VC in their right mind is pumping the breaks on any and all btc startup deals The btc infrastructure took a SERIOUS hit, it's not just what actually took place with Mt Gox, however if it is allowed to go uncovered, it could be duplicated over and over again. That's a broken system, not just a bad player. So don't expect those deals to close even if they have "commitments". Actually this sounds more like a bad player than a broken system. There's a lack of security and regulation right now that allows the players to be as incompetent as MtGox... that does not mean the system (bitcoin/protocol itself) is broken |
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what i have noticed is alot of large trades are happening privately where some are contacting people via IRC. this means that some people are not buying the sell wall to make the price rise.
i think thats why the price has been stagnant below $1k for the last couple months. we need to be ensuring that exchanges are licenced and that big players are buying coins on exchanges to truly affect the price.
So that basically means bitcoins are circulating instead of being taken off the market? It shouldn't be that way when demand catches up to supply A ton of Bay Area VC money (Andreessen Horowitz, Google Ventures, Founders Fund, etc.) has been pouring into Bitcoin-related startups. Prepare for a lot more user-friendly services/products to open the door for more newbies.
Winklevoss ETF is on its way too.
The Facebook twin's ETF won't come out til next year most likely.. but im looking forward to that too |
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It's looking ugly
Ukraine (the pro euro side) also mentioned that they are ready for war if Russia doesn't withdraw their troops, so something might go down.
Hopefully USA won't get involved.. but Obama already warned Russia against any kind of invasion and now we will look bad if we don't step in someway.
Maybe Russia and Ukraine will make bitcoin their official currency after all this is over?
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We all know some good things are happening in the background... like Neo & Bee's launch at Cyprus for bitcoin banking + debit cards, and the news about a whole slew of bitcoin ATMs being deployed world wide, including America... and these are being shadowed by the Gox drama right now. But they are still good prospects for later in 2014
Combine that with these hypotheticals:
-MtGox bitcoins are recovered and returned to their owners
-SecondMarket bitcoin Exchange in NYC launches at the same time or shortly after
Those 2 things, while unlikely they are not impossible, will be a huge change of pace form the last 3 months of negative news... this would definitely spark a sharp rally breaking ATH and going past $2000. At least that's what I think.
PS- just making this post so incase this happens I can be like.. I told you so
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This is what I don't get.... the community should know exactly where those MtGox coins are through the blockchain right? Or did these coins get "lost" where no one can access it?
If they got lost then we will only have about 20million BTC in existence and the remaining BTC should increase in value right?
OR... maybe the guys who stole the MtGox BTC put those BTCs though address mixer websites that help coins lose track on the blockchain?
But it's not like people haven't thought about this... so if you know the quirks and details, Please respond.
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No it's gonna be the complexity and lack of security... it's still too early for mass adoption, and still in need of new developments and platforms that make bitcoin easy as pie to use and store. Right now it's not so easy for the public, not even that easy to understand.
The articles are like a double edged sword, half of them are negative.. but they slowly increase awareness. By now a lot of people have at least heard about bitcoin, even if they don't know what it is beyond it being some 'internet currency'. The FUD from media causes short term price effects, a lot of things do because this is a highly emotional market, but bitcoin seems to overcome all that stuff when it reaches new milestones.
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So if the coins do not get recovered... there will only be ~20 million total coins now, right? Because supposedly the 700k coins are 'lost'
Does lost mean hackers have it, or they the coins are in limbo and unattainable?
If they are truly gone then shouldn't remaining coins increase a bit in value?
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Augusto Croppo -- thanks for the post. Reading it now Who are you talking to? I'm just asking what the Bitcoin Foundation does... I did not lose anything form Gox. Get the fuck out of here
In the first part of my post I'm talking to you, as you seem to have no understanding of what the Bitcoin Foundation wrote in their about page. Read my post again carefully or even a couple of time as it might help you understand (I'm hoping at least). The last sentence is meant to everyone crying bloody murder due to their losses. And about getting the fuck out, how about no! I have every right to exprese my opinion on this board as you do and who the fuck do you think you are to say otherwise? Don't like what I said? Hit the ignore button prick. Done. Good riddance fucking dickhead |
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I don't think you understood any word you read on the about page. It's basically saying the foundation is there to promote and protect the protocol itself. It isn't there to protect your coins, protect your private key or to protect you from yourself.
I just wish people would cool off and actually think logically about all of this. Unfortunately that might never be the case as people who lost Bitcoins/fiat are emotionally invested and will only ever see this as someone else who has wronged them.
Everyone will be much better off once (and if) they realize that #1 The Bitcoin Foundation is just a group of people who promote, protect and who strongly believe in the protocol of Bitcoin itself (nothing more, nothing less) and #2 The blame of losing Bitcoins/fiat in MtGOX rests squarely on the shoulders of those who lost Bitcoins/fiat in MtGOX. You chose to take a risk; a risk that involved putting your money (weather Bitcoin or fiat) into an unregulated and young technology that still has very obvious flaws (the human factor being the most prominent one at this time).
Man up, grow a pair, get the fuck over it and move along.
Who are you talking to? I'm just asking what the Bitcoin Foundation does... I did not lose anything form Gox. Get the fuck out of here |
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What does Bitcoin Foundation do exactly? Just wondering because they have not done anything as far as I'm aware. I have not seen them help solve any of the issues that have come across bitcoin since I've been involved. Do they have any say in bitcoin at all (I hope not)?
It's like the group was created to form a hierarchical structure in a non-hierarchical system. The members are a bunch of snakes like Mark Karpeles, that dude charged with money laundering (Charlie Shrem?), and some useless hot Asian woman who calls herself "Satoshi's Angel" obviously taking advantage of her looks to gain attention form bitcoin nerds.
Why not read about what they do? Maybe you would understand more. Hint: They are not the bitcoin police. https://bitcoinfoundation.org/forum/ From:  From their About page: Standardizing Bitcoin
As a non-political online money, Bitcoin is backed exclusively by code. This means that—ultimately—it is only as good as its software design. By funding the Bitcoin infrastructure, including a core development team, we can make Bitcoin more respected, trusted and useful to people worldwide.
Protecting Bitcoin
Cryptography is the key to Bitcoin’s success. It’s the reason that no one can double spend, counterfeit or steal Bitcoins. If Bitcoin is to be a viable money for both current users and future adopters, we need to maintain, improve and legally protect the integrity of the protocol.
Promoting Bitcoin
In the context of public misunderstandings, misinterpretations and misrepresentations, Bitcoin needs to be clearer about its purpose and technology. Allowing the community to speak through a single source will enable Bitcoin to improve its reputation. Looks like the MtGox drama is a perfect opportunity for the BTF to be speaking in favor of bitcoin to help its reputation and integrity, counter public misunderstandings, and maybe be proactive in seeing that the victims receive some type of legal protection. I'm not saying they should.. but they want to be the voice of bitcoin. |
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Awesome post Also what about Roger Ver for your list there? I've seen some videos of him and also he is responsible for this advertisement:  That's the guy who donated $1mil worth of bitcoin to charity right? I like him too |
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