b/c he said so, but then again, NO ONE SLEEPS IN BITCOIN WORLD!!!

not necessarily, a withdrawal that's still pending after 8 hours when the terms of service specify 24 hours is hardly an indicator of default, particularly when it's basically evening time in the US of A. Just to be clear, I do believe BTCST is a ponzi and will default at some point, but this seems like unnecessary complaint this early.

Withdrawal queue shitstorm in 3... 4...

People snap all the time in Bitcoin World.

i think you've finally lost your mind 

just a friendly advice: don't play.. err don't fuck with credit

no! we need correction dammit! lolz

oh noes!  you sold out too?

i keep sayin' that this bull is gonna leave so many ppl behind...

now back to ticker - someone stop this madness i need to hop back on the bull bandwagon!!!  

Something has come up, I cannot make it..

(

I have been talking with the owners of a few businesses about using bitcoins as a redundancy plan for their operating expenses due to the instability of the banking system. The last thing a business owner wants to think about is the problems that result from being unable to make payroll. This is part of how they blackmailed the bailouts in 2008; they threatened Congress by CFOs telling Treasury that if they didn't bailout then they (Chevron, Exxon, ConAgra, etc.) would be unable to make payroll.

If these small business owners I have talked to moved 5% of their working capital into bitcoins and offered employees the option to receive part or all of their paycheck in bitcoins then you could easily see the price melt up to $15. One of these companies is actually pretty small, only about $35m/year in sales, but has about $500k/bi-monthly in payroll. That one company alone would add $50k/month in demand for bitcoins.


The single largest reason I see for any reasonable corporation to not adopt Bitcoin is the lack of corporate governance when it comes to private keys and the segregation of duties. There must be proper corporate governance and segregation of duties or the board of directors or management will be liable for breach of fiduciary duty. They will not allow Bitcoin to be accepted if it is going to result in a breach of fiduciary duty. They would rather deal with an unstable banking system because then if the SHTF at least they will not be liable because they have acted reasonably. Multi-sig could be implemented in such a way that this hindrance would be completely eliminated.

If Bitcoin can have proper corporate governance and segregation of duty abilities then corporations can adopt it. If corporations can adopt and use Bitcoin then larger capital flows will happen. If larger capital flows happen then there will be greater stability in the price.

and quite honestly, the way those f*ers manipulate markets, he should continuously do it each time we have a dip.  the games those guys play is beyond comprehension.  just kidding of course but sometimes that's how i'd feel.

Perhaps blockchain related improvements? (better pruning, compression, standard client does not have to download the entire chain, etc.)

"I still call Bitcoin ‘experimental,' and still tell people to only invest time or money that they can afford to lose... but every month that goes by both the core system and the supporting infrastructure (exchanges, e-wallets,merchant solutions, storage solutions, etc.) become less experimental and more reliable.

Nope.  It stands.

We're going! Push harder. We need more international events like this. I just spoke with an AP reporter for like half an hour today. She seemed really interested.


I think we're planning to head back Sunday afternoon, so maybe we can do something in the morning. I'll know more in the next few days.