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seriously.. i just got an e-mail from them asking for donations (probably because i sent them $15 about a year ago). they're asking for my money, when i know they could earn quite a bit of that from accepting bitcoins.. but they just won't do it. it seems like there are lots and lots of people waiting in line to donate them BTC, but they just won't accept it.. yet they continue asking for fiat.
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the term corporation is just a shelter for actual people to do bad things and get away with it. it's a state-backed enterprise, as evidenced by government. my republican friend says that corporations do share a lot of similarities with people. i guess they are really really powerful "people" who only pay punitive damages for all the insufferable things they do. see citizens united: http://en.wikipedia.org/wiki/Corporate_personhood |
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i thought that it might be a major retailer that would be the impetus to btc's next rally, but it could be wall streeters next. i prefer them to sit it out a bit long. the longer they have to wait, the less they can spoil BTC for the rest of us.
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actually, at this point, if we had $999 million dollars pumped into BTC, it would probably have a pretty sizeable impact on bitcoins.
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at this point, hundreds of millions isn't even that much, but it could have a huge impact.. at least on speculation.
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So what do you people think? Most here are libertarians, and I'm curious to see what the libertarian view on a corporation is.. i mean, on one hand you could be laissez faire and let the market forces take effect, but at the same time, you know that corporations and politicians are a big burden to society.
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he's got to be trolling.. yeah, fix the situation by giving what causes the system to be shitty... more power. are you going to make the mitt romney case too?  |
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if this is not a case of good bad news, then i don't know what is.
being anonymous and wanting to win the public over is kind of hard. for that reason, i guess i trust coinbase a bit more as they are upfront with their operation.
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could it be that the big players can secure mining rigs with the manufactures? but even if that were the case, how bad is it going to be really?
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wasn't china testing 6000 last night? went bullish, at least a bit.
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mine would be of avatar, the movie.. even though i hated pocahontas 2.0.
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I was able to transfer funds from my Chase account to buy 10 BTC pretty much within 10 minutes of signing up. However, I did have to verify like crazy - mobile phone, allow direct bank account login, verify address, and populate my coinbase profile as best as possible. Also, the funds transfer is NOT instant. I bought 10 BTC for $699 each a few days ago and I'm waiting for the BTC to show up, which coinbase says will happen on Friday. Since my buy order, BTC is now up to $900-1000 USD today. whoo hoo!
the ACH payment needs to clear, at least to the point where it can't be reversible. that's due to a unique feature of bitcoin being non-reversible. iif coinbase were to send you the money right away, they would stand to risk losing a lot of their money. Yeah, I like to focus on the part where it returns power to the consumer. But it does have its draw backs. Can't say I wouldn't do what coinbase is doing now in this regard. well, i don't know if it's exactly a drawback.. being non-reversible has its pros and cons. if btc did not have this quality, i don't think it would become this big though. |
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JPMCoin - hilarious. One thing that is guaranteed, the U.S. government will not take efforts to regulate it.
That is where you are 100% incorrect! ANYTHING a bank does falls under direct government control from the get-go and that may well be the point! Think about it. My $.02.  JP Morgan Chase writes the regulations they want, and the government rubber stamps them. Then they continue laundering drug money with no consequences. So true. Are HSBC launching their own coin soon? yeah, they will come out with 2 of them.. each one serving its own purpose. cartelcoin and terrorcoin. help fund the cartels and earn an extra 10 cartelcoins! for every successful suicide bombing, earn an extra 20 terrorcoin! |
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What was its last catalyst for "growth"?
Mostly just rampant speculation. Hopefully someone will find/create a use for bitcoins that doesn't exist yet. I don't think a widespread adoption of bitcoin by merchants is very likely to happen anytime soon.
Exchanges that aren't awful would probably help.
Well china is/was the last catalyst for growth from $200, I would call this adoption rather than speculation alone, there's still enormous scope for growth yet across the globe As Bitcoin increases in value more and more online retailers will naturally want to tap into this group of Bitcoin holders ... Speaking of which - shameless plug "imore" now accepts Bitcoin supporting such as these will help speed up Bitcoin adoption. http://www.imore.com/imore-store-now-accepting-bitcoini disagree. the last impetus for a large rally was when the u.s. senate hearings were positive. it happened concurrently with china's entry to the game though. i think we are early in the mainstream adoption stage, as the average person is more and more hearing about what bitcoin is. |
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I was able to transfer funds from my Chase account to buy 10 BTC pretty much within 10 minutes of signing up. However, I did have to verify like crazy - mobile phone, allow direct bank account login, verify address, and populate my coinbase profile as best as possible. Also, the funds transfer is NOT instant. I bought 10 BTC for $699 each a few days ago and I'm waiting for the BTC to show up, which coinbase says will happen on Friday. Since my buy order, BTC is now up to $900-1000 USD today. whoo hoo!
the ACH payment needs to clear, at least to the point where it can't be reversible. that's due to a unique feature of bitcoin being non-reversible. iif coinbase were to send you the money right away, they would stand to risk losing a lot of their money. |
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they could regulate/shut down exchanges, and pursue people who cash out of bitcoin without reporting taxes. or they could require you to report to them when you buy bitcoins. that would really hamstring BTC's development.
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the thing though.. is that government would start regulating bitcoin if it begins to eat away at too much of their green paperbacks.
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soryr, i haven't used bitcoin QT for a while so i wouldn't know. but you should really look into using an alternative wallet, as bitcoin QT is not the best place to leave your wallet. you could store it on the cloud (on blockchain.info) or use a client that doesn't require you to keep the blockchain up. even if you do want to continue downloading the blockchain, there are better options to protect your assets.
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Who has setup instant buy with coinbase and how long did it take? Does it work as easy as they make it seem. Is it compatible with Wells Fargo?
just an FYI, the payment clears with wells fargo but some on the forum have reported that the "staff" gives them and a call and pries around your business, asking what you are buying hte bitcoins for. |
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Did Keiser dump his coins?
Max Keiser @maxkeiser 5m
JPM will attempt to use patent trolling (the way MPAA uses copyright trolling) to terrorize BTC users. Is BTC community up for this fight?
Max Keiser @maxkeiser 9m
Based on JPM's patent trolling initiative combined with TPP global IP capability we are lowering our BTC target price from $1,700 to $1,400
Hmm. Who would they file suit against? Cryptocoin developers themselves? well, i wouldn't put fear mongering past max. maybe he's genuine though, and he's just using the anger of the general public against the big banks. |
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