It would probably begin in 2016 when the halving begins and the supply cuts by 50% and so the demand would rise make the bitcoin price go to the moon. Mass adaption will play an important roll on the bitcoin price aswell.
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This doesn't surprise me at all. The Chinese economy is dependent on the US economy and vice versa, china made diplomatic deals with Russia and Britain in 2014 and 2013 to directly trade goods in Yuan instead of dollar.
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Politicians have no idea of doing business. Let the banks who have better knowledge of business and finance matters print the money, look what is happening to Argentina and Zimbabwe this could happen to countries who let the ministry of finance print the money.
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The problem I see with bitcoin is what the hell is taking the Willy bot so long to come back. That would surely shut everyone up. You want moon?? There! Good job Willy! Everyone happy. Willy says fuck ya'll.
To operate Willy you would need massive amounts of bitcoins and a stable exchange. To take the price to the Moon you would need Willy to run a bitcoin exchange with a massive trading volume to actually manipulate the price.
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I have sent you a message regarding the info of the web app.
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oh this is something interesting, i always saw bitcoin and gaming do good together, talking about skill games only(i don't like gambling), i want to be rewarded in bitcoin, while playing those game
imagines if your score is converted in bitcoin, 1:1 ratio with satoshi, would be fabulous
the article talk mostly about a in-game trding using bitcoin, i think it could work well, and better than fiat
Only real games (not gambling) will be covered in Gaming on the Blockchain. Once in-game assets are on the blockchain, they will be readily convertible to Bitcoin. Spells of Genesis (an upcoming game to be reviewed) will do something like that with BitCrystals. for now only trading game will work with this system like, they don't mentions games like fps or rts or rpg, just card games Actually, this technology extends very easily to online role playing games. Think about it: is putting a trading card on the blockchain really different from putting the Sword of a Thousand Truths or what-have-you? It's technologically the same, and going to be done very soon. FPS and RTS games without in-game assets are another question. New games like Huntercoin, however, are already moving to put entire games on the blockchain: it tallies your score, distributes prizes, and can even hold the entire game universe on-chain. Every in-game event that occurs can be a cryptocurrency transaction inserted into a blockchain. something along the line of huntercoin, would be great already it's strategic enough for me, but with bitcoin as a currency you think that it will possible in the future to put a complex game like battlefield in the blockchain? It would be trivially easy to place game rewards such as new weapons or medals on the blockchain as smart property, and record your kill/death ratio, total score, and other stats via ledger applications such as Factom. Placing the entire game on the blockchain is unnecessary, however, because first person shooters do not generally take place in a single and consistent online world. Hackers have very little incentive to target your 30-minute team match. All MMO games, however, will be heavily reliant on blockchain technology. In persistent worlds like EVE Online or World of Warcraft, altering the environment has lasting consequences, and the current solution of a powerful central server has obvious flaws that we probably don't need to explain to users of BitcoinTalk.org. Blizzard and its competitors are already researching the issue, guaranteed. Many games will probably be relied on the blockchain tech but the question is how are they going to use the blockhain technology ? Huge gaming companies could already be working on blockchain alternatives.
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I think that gaming and blockchain technology would build interesting and unique platforms and applications allowing financial freedom fro gamers.
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This is offer and demand,is there is high offer and low demand,the price goes down, and that is what's happening,besides the manipulation of the market
AKA free market, which bitcoin always will trade in since it's a decentralized coin. It all depends on demand and supply, if the miners stop mining new coins the supply would be lowered and ergo the demand would rise.
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I think that mining doesn't affect the bitcoin price so much. It's all about adaption and trading volume that would cause a single bitcoin to be $10k as you say.
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Most of the fiat volume is built from coin payment processors like bitpay,coinbase etc. The services like microsoft, dell or overstock auto dump the bitcoin for fiat.
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I wonder what the secret reason for this is? You don't usually see someone giving back millions from their own money, millions that someone else stole. Let's see how this turns out, maybe Kraken is really just run by a 'good guy'. However someone needs to put Karpeles in prison. I'm pretty sure that a lot of people would be happy even without their money (many have probably accepted that it is gone).
I still don't get how Karpeles got away with it without any consequences. And about Kraken being the good guy I don't think so. It's a business after all which means they are surely getting some sort of profit by doing that. I actually remember reading some dodgy shit about Kraken but I can't remember what It was. I think I saw it on Reddit. This probably is a PR marketing action by Kraken. More users will trust them because they are the good guys who try to give the users their bitcoin from mt.gox, but hey probably have an other plan in their minds.
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I think the government doesn't care much about bitcoin that they would care for the female adoption of it. I think that the bitcoin community or bitcoin foundation should promote bitcoin to women, maybe help built clothes startups using bitcoin or other services that would be interesting for women.
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I sent you a message with some examples I have made.
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I don't think that the Russian bitcoin ban will affect bitcoin very much. The Russian bitcoin community is really small, there are very few shops in Russia that accept bitcoin.
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It could be used as a database as long as it isn't holding any private information like address,cc number etc. It should also be encrypted throw a hash and pushed on the bitcoin blockchain. The bitcoin blockchain could better be used for public data and records than a database.
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Received payment thanks Marco
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Thanks for the link, I will take a closer look into this. It is really fascinating to hear about this, I think the bitcoin foundation should send some representatives there and convince them to use bitcoin a the official currency To be honest their own NXT fork would be a better choice. What's the point in making a fork of nxt ? Do they have an economy to support the currency ? At least bitcoin has a steady trading volume and is more accepted worldwide.
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