They haven't made me independently wealthy yet. Oh, wait, that might be my biggest problem with me.

Seriously though, the mass copycat versions is a problem. They (most of them) don't provide some improvement over Bitcoin, they just provide an alternative that people spend time and money on that will rarely, if ever materialize. They don't help with adoption either, they support the ponzi scheme fallacy. They're just a distraction.

Is there no BTC channel on YouTube yet? We need a collection of the good pop culture references so we can send friends and family to the link with the assurance that "see, the Kardashians are doing it..."

Of course, but are they Democrat or Repbulican? Whig or Labour? ha ha

Bitcoin can embody any political beliefs that one applies to them but it doesn't represent one political ideology. It can't, it doesn't have beliefs it's just a method for trade.

Anyone comparing it to libertarian-ism may be confusing the act of capitalism with the method (or currency) through which the capitalism is facilitated.

Maybe he/she wants to set up a closed system of currency for a family, company, or group. I can think of a bunch of reasons why having a closed system of currency could be useful to a group of people.

The net result of that transaction is neither increase or decrease. It's a wash!

In your E.g., I need to buy something on eBay for BTC0.10 so I convert $60 to BTC0.10 to buy my good. If the seller than converts the Bitcoin he received for USD again there would be no price (or supply/demand) consequence.

Perhaps eBay get's more people buying BTC to hold for future purchases, but why? If I can buy in BTC and USD and I get paid by my employer in USD, what's the reason for me to transfer to BTC? It wouldn't be more convenient. It wouldn't guarantee me a better price.

eBay BTC acceptance is good for greater adoption but that doesn't lead to "6 figure clouds" price per BTC (in USD.) There's no correlation.

There WOULD be correlation if the Winklevoss boys get there investment fund going.

Adjusting the channel to fit the trend you're looking for would compromise the fact base of this analysis. If you start messing with the numbers to "make them work" you've moved farther from the fact, which makes what you're looking for even less likely.

Google "MACD + technical analysis" and you'll find the technical analysis rationale that the OP is using for this. The future may never happen as this chart indicates but his thought process isn't wild, without merit, or baseless.

To the OP, where can we see this updated daily or weekly?

The data is just pricing and time, there's nothing tricky about it.

It's the patterns that one recognizes or calls out that is completely subjective, BUT (caps on purpose) Google "Technical Stock Analysis" and you'll find tons of articles talking about the principles being used here to "predict" the future performance based on the past trends.

I notice that the horizontal lines indicating price per Bitcoin get closer and closer together as the price reaches the next highest milestone. This causes the growth line to appear more steep, or more of a "to the moon" trajectory than the lower prices in the range. This not only makes the chart movement more sensational, but it distorts reality.

Can you re-produce the chart with equal distance between each horizontal price line?

Thanks, it's great to see some analysis!

How would BTC as a payment option via eBay increase the price per Bitcoin?

To say "there are no other ways" to do something almost certainly confirms that there are...let's get some data together!

This is not your article, but it's a good resource on this forum about wallet security. It may help answer some of your questions.

https://bitcointalk.org/index.php?topic=17240.0

How did you find the article you're seeking in the first place? Was it a search on the forum? Was it a search on Google? etc...

Bank-like Bitcoin services are familiar to all of us, especially those that are just now joining the Bitcoin movement. I think it's important for these services to exist (perhaps mostly for retailers and transaction heavy users).

The risk of keeping your bitcoin address and private keys on paper at home is only slightly less risky than with an online wallet. Paper is more fragile than the internet, although it's certainly more private.

Anyone have some good ideas on how to innovate on online wallets? The market here clearly has a needed for a better option (with Blockchain arguably considered the best right now).

Coinbase has always worked well for me and if you have a question about their service they are very quick to respond.

I recently asked them about the risk of not providing the private key's for wallets to the account holder and the risk that poses if they should go bankrupt. The answer was quick, honest, and offered to escalate the question if i found the answer to not be sufficient.

I also like Coinbase's user interface...although the mobile app needs some work and they don't tally the value of all wallets, which would be a nice convenience.

Maybe from the buyer's point of view. But the seller has the risk of the BTC conversion (to fiat) price moving. The thing to remember is that if only a few consumers/buyers are using BTC the seller may still need to charge a premium to offset the additional expense or risk they incur.

I don't know much about the topic but I'd happily help you write the white paper for the consideration of a BTC tip, should my work warrant the acknowledgement.

I have experience writing white papers I just don't know enough yet about the annoyance transactions you want to explore.

PM me...

A lot of approved or trusted escrow agents don't charge a fee, they just rely on tips if the process was amicable.

I would do it to build up trust - I DON'T have a history, but there's only one way to build history and that's with the first transaction. I'd be happy to have one of the established escrow guys/gals watch over my shoulder.

I don't think it's useless.

Any exposure to Bitcoin is better than no exposure for someone who is very new to the currency.

Additionally, paying people in Bitcoin (at least in the US) represents a few unique challenges that may keep employers from wanting to do so. As an employer they have to allocate gross pay to taxes, benefits, and other government mandated items. Think about how cumbersome it would be to have to convert BTC to fiat so all of those third-party payments can be made?

Perhaps getting paid (via an employer) in Bitcoin is the greatest challenge to full adoption.

Accepting payment in Bitcoin, however, is a great, great boost to adoption. It's all useful.

I guess I'll have to watch the video.