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Why would a multi billion dollar conglomerate like Microsoft have to pander to such an insignificant currency as Bitcoin and such a small minority of users like us Bitcoiners?
Because it costs them nearly nothing, far less than they hope to get from (admittedly) nearly-irrelevant contingent like you Bitcoiners. So they're using a payment processor. So what? They immediately convert fiat, we know!  They're definitely not hurting or needy for these measly sales. I'm pretty sure they're way smarter than you, and know a thing or two about tech and business, than NotLambChop. Large profits result from series of small profits. That's how money is made. Now go play your new vidya. So answer me this, NotLambChop. Why bother adding it as a payment? Apple, Amazon, and Google haven't done it yet. Because the companies you've listed think Bitcoin is too embarrassing? What point are you trying to make here?  Very curious of company as successful as their's to just add it. Adding Bitcoin won't make them any real profit, Why add it? Think deeper, this is a Multi Billion dollar company, and please don't retort with "it costs them nothing".  A rational agent should take profit, no matter how trivial, when no risk is involved. So yeah, it cost them nothing & they make money. Not sure how this could be made any simpler. Now run along & play your vidya. |
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Most perhaps, but the less intelligent, more antisocial ones like Trollchop will probably continue, at least until their shrinks get their meds right.
... Who's a grumpy grampa this morning? Is jimbo a grumpy grampa, hmm? The nice doctor got your meds right, let's take them now before your sponge bath!  |
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Why would a multi billion dollar conglomerate like Microsoft have to pander to such an insignificant currency as Bitcoin and such a small minority of users like us Bitcoiners?
Because it costs them nearly nothing, far less than they hope to get from (admittedly) nearly-irrelevant contingent like you Bitcoiners. So they're using a payment processor. So what? They immediately convert fiat, we know! They're definitely not hurting or needy for these measly sales. I'm pretty sure they're way smarter than you, and know a thing or two about tech and business, than NotLambChop. Large profits result from series of small profits. That's how money is made. Now go play your new vidya. |
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Inca's second post on this forum, note date Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.
Bitcoiners. Always good for a chuckle. |
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I'm looking forward to a solid bull market for another reason though.
... Have we crashed down to $2K yet, grampa? Is it tiem 2 sel? This old chestnut again?
I'll say the same as I did 6 months ago or a month ago.
We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.
We should be above $10,000 for good by this time next year.
Unless something comes along to break Bitcoin before then.
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There exist many ways to implement an internet packet transmission/communication protocol. TCP/IP protocol is one.
In the same way, there are many implementations of cryptographic value transmission protocols. The Bitcoin (BTC) protocol is one.
For reasons of network effect it happens that in each case only one eventually "win" and becomes the standard protocol.
I and many here are invested in the Bitcoin (BTC) protocol, the only one with any kind of significant network effect.
Lol, so you've invested in TCP/IP? How much are the owners of TCP/IP getting for their investment, and who do I owe money to for using it? Everything has a significant network effect, until it doesn't. Otherwise all the shitcoiners would be farting through silk by nao. |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in -snip- We invested in Microsoft? I thought it was the other way around? Didn't MS start adopting Bitcoin just recently?  No, you did not invest in Microsoft, and Microsoft didn't invest in you. Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment. Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC  Microsoft is "invested" in Bitcoin for the long haul: http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/You don't understand how life works. It costs Microsoft nothing to humor you Bitcoiners with rosy PR, and look--you've already paid them for doing it  |
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Not in a Lifetime. No reason to raise to 10k, unlikely the Dollar Crash to 1/10000 from now.  or higher for the last 10 years. There is a lot of liquidity everywhere; if only a tiny portion of it goes in Bitcoin, a few hundreds millions Dollars, maybe a Billion, the market cap will rise to hundreds of billions and the price of Bitcoin will go higher than 10,000$. It's not science fiction to see a price of 10,000$ a coin soon even if it seems incredible now. am sure the TO was talking about 10k USD worth now, not after 10 year infaltion. Thats why i was ironic about. I don't think he understands what inflation means or how it's measured |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in -snip- We invested in Microsoft? I thought it was the other way around? Didn't MS start adopting Bitcoin just recently? No, you did not invest in Microsoft, and Microsoft didn't invest in you. Your pic shows that Microsoft is accepting dollars through a payment processor--that's not an investment. Basic misunderstandings such as the one I've just cleared up are likely responsible for finance enthusiasts such as yourself "investing" in BTC |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in We've had that discussion before. You don't get it, we get it. What a well-reasoned & elegantly stated argument. Allow me to counter: No U! If you have nothing to say, simply don't say it. |
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Bitcoin is very similar to TCP/IP, and its network effect much, much stronger.
Except you didn't invest in TCP/IP, which is as free to use as Bitcoin code. You invested in  |
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Lol, "no reason to pull the "Cyprus" name out of a hat"? It convinced you, did the job, so why not? As far as "if you are going to sue us" goes, you need to know who "us" is before you can sue, and you don't Such wild conspiracies are simply unnecessary. They have considerable monetary operations. They work with banks. They have to have a registered company, or no bank will work with them. Registering a shell company in Cyprus is easy, especially for a Russian businessman. There is simply no point in lying about it. There are other means to preserve their anonymity while conforming to acceptable business practices. You sound as certain & use the same logic as the intrepid NeoBee investors did when I questioned the integrity of Mr. Danny Brewster (see pic). If I'm being too subtle, I'll spell it out: 1. A financial institution unwilling to offer the bare rudiments of corporate information, such as address, business registration, and names of the key players likely has a reason for doing so. 2. Registering a company in Cyprus is trivial, registering an exchange is not. If BTC-e is registered as a bakery, that's not what most would consider sufficient. 2(a). If BTC-e is registered, and has not provided the registration to its clients, why? 3. Regardless, not registering a company is easier still, especially when one wishes to obscure the names of the key players. 4. Registering a shell requires a name. Even when said name belongs to some carder degenerate willing to lend it for a nominal sum. Such people are easy to flip when shit gets real. 5. Assuming that an anonymous Bitcoin financial institution will hang around when things go wrong, or when it becomes more profitable to walk with the money, is the stuff bitcointalk legends are made of. TL;DR: This is certainly going to end well. Re. "we aren't Russian citizens": So they're not Russian citizens & purportedly registered in Cyprus... What makes the exchange Russian again? Oh, they are Russians. (Could be Ukrainians, although much less likely.) Definitely native Russian speakers. They just aren't Russian citizens, or at least have stated that they aren't. The statement from them that I remember was "although we currently reside in Russia, we aren't Russian citizens" or something like that. My guess is that they have obtained a citizenship from another country and have renounced their Russian citizenship. If the people running this thing are not Russian citizens, do not reside in Russia, and the business is [purportedly] registered in Cyprus, what makes it a Russian business again? I'm a native Russian speaker, BTW. Haven't set foot in the place in years. There is a reason why the prosecutor's office in Volgograd (Russia) was investigating this particular exchange and not one of the Chinese ones, don't you think so? Determining who they are and where their company is registered wouldn't be a problem for the Russian law enforcement. ... Perhaps. How long ago was this d00d caught again, I seem to draw a blank?  And everyone knew his name, he was the golden boy of Bitcoin, he was in all the papers & shit... |
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...Well, I'm paid, but just to shill something in a signature space I've never used because it was convenient after I hosted it with another person's address to thank them for some non-tangible help a while back....... anyway... I'm trying to have a refined theological discussion with a fellow, so I'll have to ask you to please use the proper response formatting.
Why the rambling story about some laundry you pimp but never use, my new friend? Why not take up something a touch more respectable & profitable, like panhandling? |
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No, it's called a negative feedback loop and should probably respond like any other damped oscillation.
... Not all negative feedback loops result in damped oscillation. Oscillators, for instance, are simply a negative feedback loop with a time delay. This is sorta important to remember, and the reason not everything should be modeled on pendulum of a run-down clock. |
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.@Armis: A claim was made that "[Bitcoin] simply doesn't fit [Buffet 's] investment profile or personal character." In response, i pointed out that there's a bit more to it than that: There are many things Buffet doesn't understand or invest in.
His taking the time time to comment on Bitcoin & call it shit shit likely means just that--he thinks it's shit. Note my lack of comment on teh validity of Buffet's thinking, or on Bitcoin being the awesomest thing ever. Not an oversight on my part--I actually meant not to opine, because don't care |
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I feel Rickrolled. You also seemingly missed my question: ...
BTW, remind me how many euro had to be in the slave's account to start losing money? Was it 100,000.00 (one hundred thousand) Euro?
I don't understand. You are saying that if I have a large amount of liquid assets I should expect them to be stolen by bankers or governments?... No, I'm merely suggesting that if you have over 100,000 euro in the bank, you're doing alright for a slave. Some might even say relatively well. I've personally met free men with less, strange but true! Won't lie tho, I have a hard time feeling pity for folks with over 100K in the bank. I'd go so far as to say I don't. Especially if they have the gall to call themselves "the slave class" |
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...it simply doesn't fit his investment profile or personal character.
No. There are many things Buffet doesn't understand or invest in. His taking the time time to comment on Bitcoin & call it shit likely means just that--he thinks it's shit. Don't overanalyze |
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...What don't I know?
Hard for me to say, stranger. What you should know is that, for the first time in a coon's age, we had two consecutive difficulty drops. Two. The only way for difficulty to drop is for hashrate to drop. The only reason for the hashrate to drop would be miners taking their gear offline. The only reason for miners to take gear offline is ... ? |
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I feel Rickrolled. You also seemingly missed my question: ...
BTW, remind me how many euro had to be in the slave's account to start losing money? Was it 100,000.00 (one hundred thousand) Euro?
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Due to lack of interest, the bull run has been canceled.
The bulls finally stopped running & faced their problems.  |
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