|
So my friend was in Canada and it was really cold, none of his friends had change, he had some Bitcoin in his phone. Happened to find a place where they would accept BTC. He bought some coffees and warm chocolate and invited all of his friends with it. A quick payment into the guy's Bitcoin address which was printed in a piece of paper, delivered a nice breakfast for him and all his friends. Then they understood how Bitcoin is money no matter what others might say. They stopped seeing it as some geek weird thing. I think using Bitcoin in real life in return of some useful service in front of clueless guys that still think it's not real money, is a great way to teach them how Bitcoin is very real and the real party hasn't even begun yet. Thats why we must never forget about the importance of small transactions like those. Buying some coffee in exchange of Bitcoin impressed them more than any of the revolutionary protocol tech stuff you could explain them.
|
|
|
|
Yes it is, if you can buy goods and services with bitcoin. Cannot be a real money if it is worthless and no real value.
Yes that is true. Bitcoin is a real money but one can't buy all items and in all places because as of now bitcoin is limited to internet users so only one can buy items or services through online. Normal stores may not accept your bitcoins so even though it is a real money but currently only limited to buy only certain things online. The only thing that Bitcoin is lacking so it is more accepted at a mainstream level and seen as "money" by the average Joe is merchants. The lack of merchants IRL specially. But since we are on the early days, this will eventually start changing. Once people see "Bitcoin accepted here" in every other shop in real life, then they will become curious and learn about it. |
|
|
|
Fact of the matter is that he is a bitcoin investor, and i wouldn't call his claims or expectations entirely honest, but if we are talking about bitcoin's price in
years - then by all means it should be correct. I'm even expecting five digit prices before 2020. The important thing here is to look at the big picture, not month-to-month oscillations (unless you're a short term trader)
If he is an investor, you will complain because "he has an agenda", if he wasn't an investor, you would complain about how he doesn't put the money where his mouth is. Ultimately people will always complain. Wences from Xapo said he believes in 500K-1Million per coin and I agree. Bitcoin marketcap is minuscule, look around. You aren't considering the potential for growth on this thing. |
|
|
|
Signature campaigns ruined bitcointalk.  Wrong. Signature campaigns have allowed making BTC for the average person a reality, they help distributing BTC around. Thanks to them, I have managed to make a decent "stack". It's not much, but it's something. Of course it's just a small extra and my main way to get BTC is by buying them, but think about poor people all over the world who can't afford buying anything. I know some people on the Philippines making above minimum wage thanks to signature campaigns. Let's not demonize one of the best use cases of Bitcoin. Everyone that gets some BTC off a signature campaings gets hooked forever. The average person is not going to give a fuck about Bitcoin if they have to buy it, but if they start making some small extra money on the side, they will start seeing the point and studying it further. Most people aren't going to be bothered to exchange fiat for BTC to try it out, so you can thank sig campaigns for helping on that side. |
|
|
|
|
I see those guidelines making decent sense. In the future we'll be able to run smaller transactions through the blockchain. Ideally even the most mundane of expenses should be on the blockchain but let's be realistic, there's no way everything can be on the blockchain, so McDonalds and Coffee cups will need to go through LN I guess.
|
|
|
|
|
Bitcoin is the best thing ever since the internet for freelancers. No longer you need to do a lot of paperwork to get some money coming. Just get some wallet, address and start getting money for your freelance services. When smart contracts are all up and running we dont even need a 3rd party escrow anymore.
|
|
|
|
These services/interfaces will help people in buying/selling/using bitcoin... or else you will need to download the bitcoin core and the whole blockchain, and make sure it is sync before making any transactions...
Well this is not true. You can download a wallet for your Android/iPhone and start accepting payments in seconds. You can download Ellectrum and start acceptign payment in seconds. Hell you don't even need to download anything these days, you can use a wallet like the one blockchain.info. So I don't see your argument there. However, I see the "there aren't enough merchants" but what we should be doing is trying to get more merchants. The ultimate goal should be that we don't need Bitpay. |
|
|
|
I think one day my toaster ll be able to mine BTC, using a chip similar to this one.
Indeed, so many case uses to generated heat from mining to do something useful. Imagine a coffee cup that heats your coffe while it's mining  Or entire heater system for the winter that is achieved throught pipes that are connected to big miner farms that deliver heat instead of wasting it by pushing it away with fans. So many ideas can be implemented. |
|
|
|
The latest model X is much more impressive ---> http://www.teslamotors.com/modelx .... I really want one of those, but the replacement batteries will cost you a arm and a leg. I think the Model X has a 8 year, infinite mile battery and drive unit warranty...  ..... The 155 mph top speed is just enough excitement I need for a car seating 7 people.  Now to get Elon Musk to accept Bitcoin as a payment method, would be another challenge. Well considering he was the inventor of Paypal maybe he has some ego problems with it.. I think its a perfect match tho, currency of the future and cars of the future. If you don't accept Bitcoin payments making electric cars you'll look like an idiot in years time. When BTC goes 100K each I'll give this guy one for the best car he can build |
|
|
|
|
I have so many temptations as my BTC savings grow monthly, but I must resist. I know I would be overpaying a lot whatever I buy with them, so it's better to stay a hodler. I wish I could spend more, but I don't have enough savings to feel comfortable doing so, so I would rather use fiat which is pretty much worthless to me at this point. The dollar has less and less trust yearly.
|
|
|
|
|
Warren Buffet will go down in history as one of the best investors out there that got the last big prediction really wrong. Can't blame him tho, he is old as a dinosaur and has no idea how Bitcoin works. He should stick to more traditional stocks where he does great, but leave technology to people that has a clue about it.
|
|
|
|
I don't see that happening, as long as we keep competent people at the core dev team. There are really passionate people with Bitcoin beyond wanting the price reaching 1 million dollars. There are people that is watching what the devs do, and if they do anything stupid like selling out to the US goverment and ruining Bitcoin, I think that is a mistake and they know it. I trust they will do a good job, and XT type attempts to over take the decentralization of Bitcoin will always fall harder each time its tried.
Competent people are not enough. They need to be people with mission, who can't be bend to the will of regulators. See what is happening with other core software like Windows operating systems. Windows 10 is total spyware tool which record your every move and send info to Microsoft and NSA servers. I think something like that can happen to Bitcoin as well. It's not the same. Bitcoin was always open sourced, there are certain codes that cannot be broken. Microsoft started closed source since day 1. If the devs ever think about centralizing Bitcoin and making it closed source they will crush the price, everyone would be in panic, so they wouldn't benefit from that anyway. |
|
|
|
|
I have been for more than a year into Bitcoin, I have gotten used to it, specially lately because the price was really really stable compared to the old times. Of course, once we start seeing crazy rides it's going to get really exciting again. We will see a lot of people being depressed because they sell way too early and realize they made a mistake later on. So hold and control your emotions. Panic selling is always losing. Not selling at 1K is way better than being out of the game at 100K+.
|
|
|
|
|
Once the lightning network is operative (and maybe the blocksize is increased a bit) I can see Bitcoin being a major player on future similar events in this and other countries, but until that day, we can't say that Bitcoin can replace the currency of those countries, it's not an alternative. People of course, can dindividually decide to use bitcoin as a way out from their governments at any time.
|
|
|
|
you're not seeing the whole picture, i've already said this, but gold is actually falling not rising, and it's not stable like many think
look at the all time chart for gold and you will see the whole picture, from a peak of 1900+ to today price, same shit as bitcoin
there were two peak in 1980 and 2011
Do you really have any clue what you are talking about? Gold and silver are manipulated like crazy. The price of gold raise when they seperated it from the usd. 80% of all tradeable gold is paper gold. People who think they own gold when in fact there is just 1/8 physical avialable. This means the real price of gold should by 7/8 times higher then it is. Same thing for silver, the best part about silver is that the demand rises but there will be no new silver left in about 10-15 years (with this demand). Because silver is used so much in almost every elec product for its unique specs it must remain cheap otherwhise alot of products will be much more expensive then it is now, untill now they have not found anything that could come in place for silver in products. I woud suggest buying silver and not gold. Many believe the price of silver will go x10 in the next comming years, some even say 2015 is the year the financial markets fail and the price of precious metal will go skyhigh. because you think that bitcoin isn't manipulated right? that the up and down are all natural, i think the one who have no clue what is talking about is not me and aside from this, those pump and dump where there they are real no matter what caused them interesting when we talk about manipulation of bitcoin like the famous 1200 ath, everyone still remember it, when we talk about gold manipulation everybody dismiss it... Everything can be manipulated, the thing is, the more money invested the harder it is to manipulate it. Bitcoin has only 4 billion marketcap, which means that it has potential to grow x100.000's of times more than gold which is an insanely big market already. |
|
|
|
I see in the forum various post which exalt and consider as sacred the decentralization of bitcoin and in the same amount hate the same coin (if created) but which can be centralized. It is interesting to discuss about this. Being a centralized digital coin mean owned and it is normal that everyone believe that being owned can be manipulated. Like the all actual fiat money.
But this reasoning, I think, have no sense in the case of digital coin like bitcoin. This kind of coin, like bitcoin, is protected from the manipulation (from everyone and everything) from the technology which will produce it. In other words, no one can change its production (amount, time between amounts, its flow in the market). So no one can change these essential things that can make possible its manipulation. Then where is the problem of this centralized digital like bitcoin coin?
It is not the case to talk about the manipulation of the market with the existing coins in it by the speculators. Because this can happen even if this coin could be decentralized.
So, the question to discus is:
Why is so sacred the decentralization of bitcoin and why hate the same product if centralized.
And if bitcoin become centralized (if there are possibilities that this can happen in a very remote future ) it will (could, must) be hated in the same way like the second centralized coins as above written?
This makes no sense: " Being a centralized digital coin mean owned and it is normal that everyone believe that being owned can be manipulated. Like the all actual fiat money. But this reasoning, I think, have no sense in the case of digital coin like bitcoin. This kind of coin, like bitcoin, is protected from the manipulation (from everyone and everything) from the technology which will produce it." Bitcoin is protected against the dangers of centralization because it's decentralized, so if you centralize it, it stops having said benefits... You have to choose, decentralized or centralized. No one cares about centralized crypto currencies, because that is what fiat money is in a way. What do you think banks are? Just closed source ledgers that store numbers in a computer. The actual paper money and coins are a small %, the rest is just numbers on computers. So you might as well have it backed by math and have it open, thats why Bitcoin is better money in the digital era. You centralize it and it losses what makes it interesting. |
|
|
|
Satoshi's contribution to human being will be higher than that of all the Nobel prize winner of the last 50 years. He changed the way of issuance of money and made the banks as an option. He will be remembered for ever.
Yes, but he may not be remembered at a mainstream level. I mean, go on the street and ask around to random people "who created the internet?" Im sure that you will notice how most people has no idea, they know who created Facebook, not the internet. So yes, Bitcoin will be huge, the protocol will make anyone holding 1 BTC millionaires in the next decades, but no one will know the roots, they will know about a successful service that gets made on the Bitcoin protocol, im assuming. Maybe Satoshi is really famous in the future because of the anonymous thing (which makes people curious) who knows. |
|
|
|
|
We don't need any new technologies to automate 50% of current jobs, this alone would destroy the current economic system because the unemployment would be insane and unsustainable unless all the unemployed people that don't have any other means of income got put on welfare. THat's how yo would trigger massive riots everywhere, having unsustainable unemployment while not giving people basic resources.
|
|
|
|
|
Millions of dollar are going to be moved daily through Bitcoin because of the porn industry in the future. In the following decade ALL websites will work with Bitcoin, every cam girl will be accepting Bitcoin and they will get paid directly without no intervention from 3rd parties, and no waiting for a certain threshold to be past so you can cash out.
|
|
|
|
|
There will always be a market for banks to exist because a lot of people out there can't be bothered with the idea of being their own banks. The question is if the existing banks will adapt, or completely new business will kill all existing bank business (for example Xapo being the big name for banks).
|
|
|
|
|
Show Posts
