Nod

If Paypal also adopt bitcoin, the price will go through the roof, and the sky, and to other planets....


http://www.slate.com/blogs/future_tense/2013/06/27/paypal_galactic_buzz_aldrin_seti_announce_outer_space_payments_service.html

PayPal brought in astronaut Buzz Aldrin on Thursday to announce the launch of PayPal Galactic, an initiative to figure out a way for people to pay each other while traveling in space or living on other planets.

No, it isn’t a joke. And while it may sound like a publicity stunt, both Aldrin and PayPal president David Marcus promised that it’s also a genuine business proposition—albeit one that remains some years away.

"It’s not unrealistic to predict we’re only a generation away from a permanent human presence on Mars,” said Aldrin, who became the second man on the moon during the Apollo 11 mission in 1969. He added, “Whether it’s paying a bill or even helping a family member on Earth, we’ll need access to money.”

PayPal’s Marcus said the program, launched in partnership with the SETI Institute, would “increase public awareness of the important questions that need to be addressed” as commercial space travel increases. “We may not answer these questions today or even this year, but one thing is clear: We won’t be using cash in space.” John Spencer of the Space Tourism Society predicted that the first “space hotels” will open up shop within the next decade, and will need a payments system.

It’s not a bad idea for PayPal to get in on the ground floor. But that doesn’t mean the company won’t have competition once space commerce gets going. Skip Smith, the former head of space law for the Air Force, told The Verge’s Casey Newton that most people today pre-pay for goods and services while they’re still on the ground. But he said that credit cards could be an option if and when space hotels become a reality:

"Once you're up there, if you want to buy an extra bottle of champagne, they can probably run that on your charge card," Smith said. But longer stays in orbit, and the colonization of new planets, will make that more difficult. Eventually, he said — maybe 20 years from now — new solutions will need to emerge.
Space tourism is already happening on a small scale, with Space Adventures leading wealthy private citizens on trips to the International Space Station, and Richard Branson’s Virgin Galactic getting into the game. But the real money in the next couple of decades could be in deep-space mining, where startups like Planetary Resources and Deep Space Industries are looking to drill into asteroids for precious metals and other booty.

If this is indeed the beginning of a new gold rush—or platinum rush—it makes sense that PayPal, a company co-founded by SpaceX’s Elon Musk, would be there to capitalize. It’s a big universe, but when it comes to the people with the means and vision to explore it, it’s actually a pretty small world.

depict the value of a dollar over time vs a bitcoin over time

today:$1 buys you a banana
10 years from now, $2.50 buys you a banana

etc

That's pretty much the impression I got from it. But with that kind of libertarians you never know, they might actually have believed it. Kinda like BFL believed they can deliver an ASIC in 2 months.

I haven't been following all the BFL shenanigans, what does this mean exactly?

Annnd I think we're getting into the realms of Poes law here....
http://en.wikipedia.org/wiki/Poe%27s_law

It being now impossible to tell the merely underinformed, from the conspiracy nuts and deliberate trolls.

I still don't know what it means. I could use google, but for the sake of conversation, I'll wait for an answer here

Bitcoin isn't really an accepted form of currency. By accepted, I mean believe that it's legitimate. It's going to take time. Try not to forget what money really is. It's the flow of goods and services. When the quantity of people that use it goes up, the economy will improve be. I'd rather have a volatile currency than hyperinflation which puts the future generations in debt

John Wayne Gacy IS BFL?!

BFL probably already spent a very large proportion of the preorder money on R&D. If this is the case, they won't have much incentive to run away. They'll make more money by successfully delivering the product and then selling more.