I guess being there are more people over there, there would be more of these things there.

You are on the internet and you can't believe that somehow you came across something that's about porn?  

I disagree.

Think of an institution that is trying to integrate accepting bitcoins into their fundraising / development departments? It competes with other forms of payment that currently require no explanation, are actually more convenient to the vast majority, are approved quicker, and offer consumer protection from fraud.

This institution would, for example, expect $X from development / fundraising a year.

If that $X is now split into $Y+$Z where Y is standard practices and Z is bitcoin, it is CRUCIAL that the $Z is stable, risk is basically unacceptable if someone gives us $Z it has to be $Z when we claim it, or else that is looked upon as waste and not to mention it doesn't meet operational needs.

There are many cases where the volatility doesn't matter, sure, but when you're talking about integrating media campaigns, supporting and maintaining bitcoin there is a cost and a risk associated with doing so that stems from its volatility.



So I don't know about "rapidly approaching critical adoption rate" or what that's really supposed to mean right now... critical implies necessity.


I think people are getting ahead of themselves with senate back-patting "we do a great job so give us new money to fight the mysterious new child rape technology" puff piece. Institutionally, we're talking the large institutions of the world, there is still a lot a government can do to curb adoption of bitcoin, guide it, or funnel it.

Think of any non-profit anywhere that receives tax dollars, aid or federal funding. Think of how easy it would be for the government, considering one of these institutions are under audit microscopes by default, to pull funding or creatively assign funding based on how they're lobbied.

We can toot horns all day long about how its impossible to stop bitcoins, but it is easily possible to curb adoption of them.

Without the cheapness of transaction (fungibility) mattering much yet, the average person doesn't see why they'd convert cash just to risk losses in the timeframe of the conversion, to use bitcoins. That's an eventuality.

But a business that uses that transactional efficiency to offer a higher quality, cheaper product? Nobody will be able to argue with that. Just look at square cell phone credit card swipers? That's what the competition is.

When you're talking about critical adoption, you're talking about businesses losing money if they don't adopt bitcoin.

Whitelist? Jesus, just to join the place they vette you like beocoming the president. You add a bank account and they make two small deposits which you need to confirm. Once that is done they should have NO reason to suspect anything is wrong, you just went through their process and passed. Same thing with a credit card. They make two small deposits. You confirm what they are and they confirm. Same thing with your phone. They call your phone with a pin# that you enter on the site. Now they have THREE ways they confirmed it is the correct person and yet they still select people as being fraudulent. What is this shit?

Yep agreed. Its certainly something that will stick in your mind either way, whether you've have a great experience buying with bitcoin because the price had just gone high and you got great value, or the opposite. Will turn a lot of people into "love bitcoin forever" or "never touch the thing again"

Volatility is great for trading, and inevitable for the near future. But the person on the street doesn't want to be checking the exchange rate every two minutes to see if they can afford that "item" that is still priced in US$, CA$, whatever.

By then bitcoin will have changed A LOT, trust me.