I keep about 80% of my bitcoins in my Coinbase (US company) online vault, and about 20% online in my BTC-E (foreign company) account. I always have a teeny tiny worry in the back of mind that I'll wake up one day and the headlines will read "US Government bans Bitcoin, freezes all Bitcoin assets" and I will be unable to access my Coinbase coins. Am I paranoid?
Yes. I think you might have a tinge of paranoia. In reality, the bitcoin "caretakers" have all been co-opted by the establishment, and are now, for the most part, under its control. Thus, there would be no reason for the US Government to ban the currency. |
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overstock use coinbase......................................
yet overstock hoards coins..........
need i say more?
If Microsoft decides to begin hoarding Bitcoin, I will post a picture of myself here, in the buff, with your username painted across my chest. |
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.. if you were above average intelligence you would realise that microsoft does actually invest some of its funds in different things. and as such i think microsoft's small percentage of current bitcoin transactions, they wold be more likely to hoard the coins for investments.
If Microsoft intended to keep the bitcoins, they would have no need for Bitpay. Bitpay is the mechanism by which they (and the vast majority of its other customers) dump their freshly received BTC. |
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Not everyone has fiat at exchanges to buy coins at the drop of a hat when news like this hits. It will take time for people who have never bought before to learn through this new medium and actually set up an account and buy coins.
True. But as long as people are forced to buy bitcoins in order to spend bitcoins the system will remain broken. We need to reduce the need for this type of exchange. And the payroll side of the equation offers the solution. |
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 There’s a perfectly good reason why the markets didn’t “take off” this week when Microsoft revealed that it would begin allowing customers to fund their accounts using bitcoin. The massive tech giant’s integration is sure to bring new and substantial selling pressure to the digital currency. Seasoned bitcoin traders treated the news like a frozen Windows machine displaying a giant blue screen of death. In the moments following the announcement, traders went into buying mode, but it didn’t take long for the experienced speculators to understand the enormous auto-selling that the integration would bring.  Microsoft has no intention of speculating on bitcoin’s long-term value. Instead, they will be using Bitpay to systematically exchange their bitcoin revenue for US Dollars. This means an increasing number of bitcoins will be dumped onto the markets in the coming weeks, creating a downward selling pressure spiral. And Microsoft’s new bitcoin customers are unlikely to turn around and buy more bitcoins to replace those spent on digital purchases. After all, it make no sense to run out and buy more bitcoins to facilitate purchases that can be made with traditional fiat. There is little reason to take the additional, and often awkward step, other than perhaps for novelty or speculation. What the community must realize is that for every Microsoft adding bitcoin as a payment option, they need an Exxon or a General Electric announcing that their employees will now have the option of receiving wages in bitcoin. Better yet, anytime a company adds bitcoin as a payment option, why not offer employees the same option for compensation. This would allow the company to funnel some of their new bitcoin revenue back into payroll, rather than auto selling for US Dollars. Call to Action We need more focus now on the wage side of integration. Otherwise, this current one-way trend will become impracticable and unsustainable. And it won’t be long before these types of major announcements become a reason to short the market, rather than a reason to celebrate. Full Story: http://altcoinpress.com/2014/12/why-the-bitcoin-markets-didnt-rally-on-the-microsoft-news/ |
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 Yes, they will. Stop comparing them to startups or real-world companies, which need to compete for survival. Running altcoin networks is close to costless and they are virtual, just like email/youtube accounts. Altcoins are decentralized decentralization.
Amen brother!  |
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 If anyone in the community is interested in writing for Altcoin Press, please let me know. Writers get paid 1 share per article ($10 min) updated weekly. https://coinsplit.io/scheme/155/Payments to this address include 2 banner ads, revenue from tipbox, and $10.00 per story. |
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The hashrate will continue to decline leading to a drop in difficulty. Unless the community wakes up and starts to give at least 50% of its effort in integrating Bitcoin into payroll systems, we're going to see Bitcoin slowly fade away into the night. The only way to equalize the downward price pressure caused by the growth of BTC accepting merchants, is to pay people in Bitcoin. |
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Bitcoin Foundation = Liberal.  |
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It also provides selling pressure, means price is going down.
The Microsoft hype might offset the downward selling pressure for a time. Bitcoin's only chance of long-term success is if it can make inroads into the wage payment layer of the economic machine. Oh. of course don't get me wrong. Long term this is absolutely bullish! I think the opposite is true short term though. Unless people buy back their bitcoins right after they spend them. I think not enough focus is on getting bitcoin into employee compensation/wages. There is no reason for consumers to buy bitcoin to then purchase items, when they can buy the same items without the additional step. |
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It also provides selling pressure, means price is going down.
The Microsoft hype might offset the downward selling pressure for a time. Bitcoin's only chance of long-term success is if it can make inroads into the wage payment layer of the economic machine. |
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Once the establishment was 100% assured it could get its paws inside the Bitcoin machine, it relented. |
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i would make a bet that we are not at 350 USD in mid 2016   |
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First came AltaVista, then came Google! First came Bitcoin, then came Goldcoin! The ride is just now beginning good people. “The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts,” Eric Lockard, corporate vice president of Universal Store at Microsoft, said in the blog post. “We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend. |
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First came AltaVista, then came Google! First came Bitcoin, then came Goldcoin! The ride is just now beginning good people. “The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts,” Eric Lockard, corporate vice president of Universal Store at Microsoft, said in the blog post. “We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be at the front edge of that trend." |
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I have been looking at the gaming websites to see what the reaction to the Microsoft news would be ... and it isn't good!
Bitcoin will become the digital currency of the establishment.  The fun times are just around the corner. Prepare now for the great Altcoin rush. |
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What work do you do to earn Bitcoins? I know people buy and invest in Bitcoin. Though, I haven't heard of many people earning them for work they do.
Find a product you can sell, or a service that you can provide, then market that to the community. Basically work for Bitcoin. That's the ticket. |
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I think the Microsoft news is great! Now it's time to place some focus on getting working people paid wages in Bitcoin. That's the holy grail. |
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maybe 6months ago
I think that 2.0 coins will explode in '15. Coins like ripple, storj, gems
Don't forget about FlappyCoin! lol  |
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