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No argument in OP, just opinion. Why should we care?
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This is the progression of any monopoly monetary system. The means of production are concentrated into fewer hands while the many have to compete against each other to get the crumbs of the pie. This is why we see the many problems we face as a global society, and it is one that government-controlled money will never fix. While bitcoin is technically a better money, it remains isn't government-controlled money, and it can only lead to the further destruction awesomeness of the human species until as we learn to live without centralized money.
FTFY. |
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Unlike Wordpress and Mega, reddit is a community. A huge and highly influential, trendsetting one. If the general tide of opinion on reddit somehow shifts in favor of Bitcoin, I'd quadruple the odds that Bitcoin will reach mainstream adoption.
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ASICs are just the natural order defending itself from outside threats, as any organism would.
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Anyone have a technical view on this tight trading range since the big announcements (reddit+Mega)?
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Anyone care to wax poetic on the significance of this development?
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Seems very possible, seeing as this guy just got a total of $30 in BTC tips for his well-written post (albeit on the Bitcoin subreddit). |
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Damn, guess the correction is imminent.
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Reddit may just be the most influential. "The currency of the internet for the front page of the internet." This is way bigger than the Wordpress announcement.
I have long had a vision that one day, far from the derision it now receives, Bitcoin will come to be embraced as the internet's own currency. When governments start to want to ban it, reddit's reaction will be like with SOPA and PIPA.
Once men taste freedom, they take ownership of it as their own God-given right. It will be the same with monetary freedom.
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Grooveshark, now there's an idea. I never quite understood how they get away with giving away streaming music, but in any case they might have a rebellious enough culture to be interested in it.
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The story is currently on the front page of reddit, with around 1,700 upvotes. That translates into metric fuckton of views. The number of Bitcoin subreddit subscribers also just spiked.
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Wait till we see about 150,000 BTC @ $17.
Whether or not that happens antime soon, or ever, might have much to do with the details concerning Amazon's announcement concerning their own internal "coins".If they are real coins, with an exchange rate to bitcoins, bitcoins are headed for new highs. If they can undermine bitcoin's rising popularity in practice, bitcoin might just crash soon. Time will tell. Oh it's you from the Mises forums. Thanks for introducing Bitcoin there, planting seeds that are now blooming. I don't think Amazon coins can hurt BTC, only help, due to the huge difference in the number of people who know about Amazon vs. Bitcoin. Plus Bitcoin has characteristics that make it an accreting, assimilating techonology. You don't compete with Bitcoin, you link to it to enable new things to be done.
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So far the current correction has brought us all the way back to..... a week ago.
C'mon bears, is this all ya got!?
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7. Understand what others misunderstand
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Wow, a non-Matonis Forbes piece! Maybe this cashless.com guy should be contacted about dealing with Bitcoin.
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Cool, is it possible to make Offline presentations with this? At best ones that don't need to have anything installed? I have to hold Presentations quite often in my job and standing out of the crowd is very often the most important part. That might just be a tool to help me with this (at least until everyone uses it  ) Last I checked it required a small install. There might be a fee for the offline version. You can directly import Powerpoint presentations, too. That's the laziest way  |
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The 10,000 BTC used to buy the first pizza can now buy a house. If Bitcoin goes mainstream, a mere 1 BTC will be enough to buy a house. That's two iterations of pizza to house.
Bitcoin's ultimate growth target = (pizza --> house)2
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On Hacker News they're bitching about how paltry this service is, yet it got upvoted to 170. There is some kind of popular appeal to the idea of pizza-for-coins. Perhaps more significant is that these guys are getting tons of free publicity, so other businesses must be noticing how the PR effect works. I suspect we'll see some companies (like WordPress) who will be attracted to BTC primarily for PR reasons. |
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