A world war would not necessarily kill bitcoin. As long as governments remain corrupt, bitcoin will flourish.
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Interesting. The quoting mechanisms could be improved, and the infrastructure for them as well. Currently you can quote 1mBTC = 0.001, and there is no problem with that (if the software and hardware supports it). So one cup of coffee costs roughly 2mBTC in the US. Note that bitcoin is the first true international currency, so in rural Africa one cup of coffee might cost 0.1mBTC.
However quoting prices in BTC is currently not viable as you have to change them every other day. So people mostly quote in US-Dollars, because BTC is too volatile.
The solution to this would be a new unit and to "peg" bitcoin to that unit. The volatility problem would be solved this way. You create an index and publish it. Then people can use it to quote their prices and have a reliable indicator of price. Its essentially like quoting in USD, but without supporting the USD as a the worlds reserve currency.
I agree. Most of Bitcoinia is currently driven by microeconomic theory. Raw Bitcoin trading and purchases will soon be a thing of the past. New layered currencies will be pegged through APIs and statistically modeled indexes. I think this will evolve through the decentralized markets currently in development i.e. Open Transactions and Colored Coins. |
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The feds don't need to sell them. They print their own money.
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China bans bitcoin/litecoin mining hardware Yep, not a single GPU will be made or sold in China with immediate effect  right you are. All CPUs are banned as well. No computers, tablets, or cellphones are allowed to be made or sold in China.  The chinese will go to manual hashing , no problem  )))) China introduces Abacuscoin! |
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China bans bitcoin/litecoin mining hardware Yep, not a single GPU will be made or sold in China with immediate effect right you are. All CPUs are banned as well. No computers, tablets, or cellphones are allowed to be made or sold in China. |
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We all say that at the price point we bought in at. It takes a full year or more to get a great ROI if you bought at a peak. While it's lower is a good time to buy a little more to hedge. Usually it's best to buy with cost averaging.
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If you hate your wife and the idea of having a child, *and* have a lot of bitcoins hidden to help pay child-support and alimony, then go ahead and do it. Seriously, it's probably ok to nickname her that because the rally started 9 months ago and brought us all a lot of luck!
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Magic 8-Ball says "It is Certain." |
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a slight market overreaction due to misinformation
If it is a slight market overreaction due to 'misinformation', then we should be back up at $950 on BItstamp in no time at all as people realise that there are artificially cheap coins to be got, right? Also, if this is how the market 'overreacts' to 'negative misinformation' coming out of China, then hold onto to your fkn hat! I predict lots of 'mis-information' to come out of China between now and 31st Jan 2014. Well, India goes online tomorrow, so... maybe China wants to sell cheap coins to them, right? |
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a slight market overreaction due to misinformation
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Paul Grignon follows Peter Joseph and Jacque Fresco. Cool, I get that. The problem with TVP/TZM is busting through programmed compartmentalization inculcated into civilized society. What he is describing is what Bitcoin will evolve into one day. It's already baked into the cake. The world is not yet ready for Abundance and Gift Economy, not even close. We are only beginning the open source and crowd funding stage. The diseases of financialization and corporatism take a series of inoculations. Lets, Ripplepay, and other credit card like IOU systems like Grignon's will become available as Bitcoin powered apps.
I dont see how it is baked in with bitcoin, unless it is gonna be defined and have the hard limit removed and I dont see the Venus project or zeitgeist when I look at the concept for the coin. I see a way to force a commodity basket standard on the governments of the world and a way to have a flexible currency that will mitigate the threat of a debt based super nova. I see a way to make currency honest and backed with real productive capacity not promises from wall street or Washington. Bitcoin is emergent. It is only used as a virtual commodity in its raw form. As a protocol, it becomes a programming language for derivatives and other IOUs Powered by Bitcoincopyleft but is still using bitdust. As the popularity of these secondary transaction types grow, they will replace every financial instrument in existence. The bitdust will grow in value as these other systems are used. Who cares if these secondary financial instruments are real, productive, or even liquid? Let the market decide! Bitcoin is just the DNA. Isn't a coincidence that all life is based on just the four letters GTCA. Whatever evolves from it will only need the basic functionality already intelligently designed into the protocol. Believe me, there will be enormous beasts that evolve from this primordial ooze they keep saying is dead. Hopefully, it will eventually evolve into the best of all possible worlds. The protocol is not proprietary, they wont use bit dust they will use visa dust. What is 'visa dust?' Does Visa have a fraud resistant network? |
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The saying in English is: "The early bird gets the worm." :-)
"The second mouse gets the cheese." |
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I'm feeling a correlation between Bitcoin announcements and the discussion of tulips.
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Paul Grignon follows Peter Joseph and Jacque Fresco. Cool, I get that. The problem with TVP/TZM is busting through programmed compartmentalization inculcated into civilized society. What he is describing is what Bitcoin will evolve into one day. It's already baked into the cake. The world is not yet ready for Abundance and Gift Economy, not even close. We are only beginning the open source and crowd funding stage. The diseases of financialization and corporatism take a series of inoculations. Lets, Ripplepay, and other credit card like IOU systems like Grignon's will become available as Bitcoin powered apps.
I dont see how it is baked in with bitcoin, unless it is gonna be defined and have the hard limit removed and I dont see the Venus project or zeitgeist when I look at the concept for the coin. I see a way to force a commodity basket standard on the governments of the world and a way to have a flexible currency that will mitigate the threat of a debt based super nova. I see a way to make currency honest and backed with real productive capacity not promises from wall street or Washington. Bitcoin is emergent. It is only used as a virtual commodity in its raw form. As a protocol, it becomes a programming language for derivatives and other IOUs Powered by Bitcoincopyleft but is still using bitdust. As the popularity of these secondary transaction types grow, they will replace every financial instrument in existence. The bitdust will grow in value as these other systems are used. Who cares if these secondary financial instruments are real, productive, or even liquid? Let the market decide! Bitcoin is just the DNA. Isn't a coincidence that all life is based on just the four letters GTCA. Whatever evolves from it will only need the basic functionality already intelligently designed into the protocol. Believe me, there will be enormous beasts that evolve from this primordial ooze they keep saying is dead. Hopefully, it will eventually evolve into the best of all possible worlds. |
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much spam more want now sub wow !
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Paul Grignon follows Peter Joseph and Jacque Fresco. Cool, I get that. The problem with TVP/TZM is busting through programmed compartmentalization inculcated into civilized society. What he is describing is what Bitcoin will evolve into one day. It's already baked into the cake. The world is not yet ready for Abundance and Gift Economy, not even close. We are only beginning the open source and crowd funding stage. The diseases of financialization and corporatism take a series of inoculations. Lets, Ripplepay, and other credit card like IOU systems like Grignon's will become available as Bitcoin powered apps.
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viva la bitcoin biotches.
Shirt and bumper sticker, please. |
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congratulations! you invented the credit card.  |
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We must understand that almost anyone born before 1964 can not possibly understand the tremendous potential of virtual currencies. (My apologies to those that do).
As the younger generation to comes into power in business and government we will see this type of technology fully adopted.
Who was born before 1964, has two thumbs, and is an all-in hodlor? This Guy! d[ o_0 ]b |
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