Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015..
Is there a hotter tech trend out there? I don't think so.. What are they building, though? How much of that 250 million represents an attack on Bitcoin rather than support of Bitcoin? Looks like they are heavy into hardware. You'd have to be quite cynical to perceive any attack on Bitcoin reading into this.. |
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Wow, that's incredible, not just for a BTC related company, but for any silicon valley tech company in stealth mode to raise that amount, has to have a very significant product and team. Count is now around 250 milions $ in Bitcoin venture capital in a little over TWO months now in 2015.. Is there a hotter tech trend out there? I don't think so.. |
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now that's what I came for
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Antonopoulos is out of his mind suggesting the current hashing power of the network is enough to secure a $1T Bitcoin market cap
Is there a link to this somewhere? It was from this stream https://www.youtube.com/watch?v=lIgjogLipvk of the MIT Bitcoin Expo but looks like you can't rewind back to his presentation. A video should be upped soon. It was downright troubling to hear. |
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Antonopoulos is out of his mind suggesting the current hashing power of the network is enough to secure a $1T Bitcoin market cap
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Gold is not doing bad in EUR And keep in mind gold has done great over 20 years, when there was no Bitcoin Gold will exist in 20 years, BTC not sure Major reason for gold weakness is: MANIPULATION VIA PAPER GOLD 90+% of gold transactions is paper gold, futures etc; gold is created from thin air via paper certificates and sold short....the papers can never be redeemed for real gold just fiat money, therefore this can be done in an unlimited amount Now with BTC this is impossible, because no paper BTC exist, cannot exist due to limited amount and deflationary behaviour BTC and Gold both deserve to exist but not fiat money  Well then shouldn't we do away with gold entirely since it is so easily gamed? |
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http://www.rre.com/blog/90-why-we-started-abraAbra app-based transfers use the blockchain to settle, and transactions are published directly to the blockchain from your phone. Abra’s back-end servers never touch consumer’s money or their transfer requests. The value of the holdings in your wallet do NOT fluctuate with the value of Bitcoin for at least 3 days after initial deposit onto your phone. Abra is not a financial service -- it is an app that facilitates storing digital currency equivalent to US Dollars directly on your smartphone and transferring your money from your Abra App to any other Abra App anywhere in the world. To design Abra we turned to the traditional Hawala model. (...) Traditional Hawala’s are generally illegal in the United States as no one is allowed to hold or remit funds on behalf of someone else without being a licensed money transmitter both with FinCen (the Financial Crimes Enforcement Network) and with the US State regulators where the consumers’ reside. In the case of Abra, however, consumers and Tellers are always holding their own money just as with the standard open source Bitcoin software. Abra Tellers simply buy and sell digital currency directly to and from other consumers in their neighborhood in small amounts. www.goabra.comthis might be a watershed moment for consumer adoption. was not expecting this at all. Goodbye KYC/AML
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i use mpesa on most days. also buy bitcoin via mpesa from fiat-btc the reverse as well btc-mpesa (eFiat) Well this is basically it but on a global scale. This looks like it could very well be the remittance killer app. killer app for bitcoin you mean? Killer app for Bitcoin is bitcoin (money) |
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i use mpesa on most days. also buy bitcoin via mpesa from fiat-btc the reverse as well btc-mpesa (eFiat) Well this is basically it but on a global scale. This looks like it could very well be the remittance killer app. |
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This thread feels so weird with so much positive energy lately. I'm starting to miss those trolls with the 255 different sock puppet accounts posting rubbish and non sense that even they don't truly believe what they're posting. Maybe they're waiting for the Marshall's auction before making a cameo again, who knows. We need more Bitcoin going to $0, Ripple and Stellar are king, you'll never unseat Gold, Silver, aluminum foil type posts...  ripple is gimppled..... http://www.ripplecharts.com/#/markets stellar sounds cool but is run by guy who started mount gox (and ripple) and that is what caused ripple to lose wells fargo .. stellar probably not going anywhere due to this fact.... ripple is gimppling because they hired some obamaturd and NOTHING good has ever come from obama wh ..... we only get executive orders (cuz noone likes his gay laws), more and more taxes (irs made record taxes last year and this year they got obama scheme-care money grab), and catastrophes ....... we'll see... but if obama's hand is in ripple then it probably will fail because all of obama's strategies have been failures ... hopefully obama admin doesnt lose a major strategic region or something like that before they leave the wh (oops they did that too!).. steller sounds cool except for the fact that they have a broke consensus protocol and are pretty much useless |
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If people can't use bitcoin as a currency right now because volatility (among other problems) makes it unusable they will use it for speculation. And that's exactly what is happening today. Pretty much nobody uses bitcoin for its intended purpose compared to the amount of people using it to profit from the volatility.
Who are you to decide what Bitcoin's "intended purpose" is? How is its speculative use as a store of value not a legitimate purpose? When enthusiasts talk about how "volatility will decrease as adoption grows" they are talking about actual "adoption" as money/currency/store of value, not as a volatile profit-making instrument for traders and gamblers on OkCoin and Huobi...
That's just not true. By adoption what people really mean is increased liquidity. Whatever use-case this liquidity is derived from is irrelevant. People just had to start using PCs. They can't do the same with bitcoin because of problems that will go away only if bitcoin becomes widely used, but at the same time that can't happen because of those same problems. See the paradox?
I'm not judging bitcoin for what it is used, I'm using bitcoin for what it could (and couldn't) be used.
PCs were considerably expensive back then and before the internet there was little you could do with it from a consumer, general public standpoint. PCs were considered a niche because they were a. too expensive b. too complicated. Those "problems" were solved by increased adoption and improving technology. This is very much the situation Bitcoin is in right now. |
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What's funny enough is that when everybody expected rise (ton of good news etc) there was a dump-fest. Now we're expecting some Ks of BTCs to hit the road at the auction and the price goes bananas. Go figure...  Nothing too surprising. It seems everyone forgot the market rallied in a similar way before the 1st auction. If you're right then it should be 'sell the news'? Couple of days to go for that, yet. We'll see. For me we had the bottom mid-Jan. Bear market had to end at some point. I think it did. How far we go up and in what time frame is all down to honey badger. FWIW there was no significant sell off after the results of the 1st auction were announced. The price did continue its long grind down afterward but you are correct that this was a different market and the situation is different now. |
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What's funny enough is that when everybody expected rise (ton of good news etc) there was a dump-fest. Now we're expecting some Ks of BTCs to hit the road at the auction and the price goes bananas. Go figure... Nothing too surprising. It seems everyone forgot the market rallied in a similar way before the 1st auction. |
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Do people use gold as money today?
That sentence tells us all we need to know about your understanding of money, or lack thereof. |
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If you got in at $740 you bought to a bubble. $300 will come, but if you lack patience just get over it and sell. There are thousands of people who will be happy to take your coins.
The whole bitcoin thing is just a bubble, everyone bought in a bubble only most "early adopters criminals&hackers" have almost $0 cost: Mark Karpeles Loaded DPR FBI HD Moore Dustin D. Trammell Tod Beardsley etc You know what, you're right! |
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Curious to know what is your take on this comment? In a statement, the Digital Currency Group said, “Although we have been assigned a ticker symbol, no assurances can be given as to when or if such trading will commence, or that an active public secondary market for BIT shares will develop or be maintained.” |
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nice buying action on finex
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