The dotcom boom would be the altcoins. Bitcoin itself would be the telecom monopolies like Verizon, U-Verse and Comcast.
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Tic Toc!
Buys back in at a loss in 3...2...1... You'll make up for it in the next jump. Many of us made the same mistakes. That's how we learn. As we have seen in the past years, when the despair is spreading among the holders and the weak hands sell all their bitcoins, the rally starts. I'm timing the sale of my home to hopefully hit that point.
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From what I have read about bitcoin 2.0 it is a "sidechain that fixes certain thing about Bitcoin" and its backed by bitcoin. I still don't understand it. What does it fix? Confirmation times maybe? Would you mind breaking it down a bit if you know any more about it? I am thinking that maybe there isn't enough info about it to get people talking about it.
Without a forum for it, that's not going to happen. There are off-site places, but there needs to be one here. edit: It's not necessarily a sidechain. Colored Coin is simply metadata of bitcoin transactions using the Bitcoin blockchain.
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This is a good thing. Educating a marketplace is time consuming and expensive. Ecuador is picking up the tab. When people learn about cryptocurrencies, they will discover Bitcoin.
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Tic Toc!
Buys back in at a loss in 3...2...1... You'll make up for it in the next jump. Many of us made the same mistakes. That's how we learn.
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Unless you have a pump and dump altcoin like ether, xrp, mastercoin, counterparty, or others, there is no place in the forums to talk about Bitcoin 2.0 experiments. They are not altcoins, because they are 100% pure Bitcoin. I've posted in Meta that they deserve their own forum, but it falls on deaf ears. There seems to be prejudice against them because they don't benefit some VC.
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That's the kind of thing Ethereum promises. We'll see.
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It's a good article, but the problem with forecasting is that the future gets in the way. There are factors it overlooks. For instance, altcoins. They are a real wildcard. Fiat currencies could become hybrids which would give them some lasting power. The article is good in general in relation to the technology, but not necessarily to Bitcoin itself, though I myself give Bitcoin a 90% chance.
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On the other hand Facebook can probably do whatever it wants because it is too big to fail. If regulators try to fine FB they will threaten to kill Farmville and half our workforce will commit suicide.
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There probably already is a trillionaire in the House of Saud. If not, then the next war will make one.
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http://www.cryptocoinsnews.com/news/facebook-meet-bitcoin-get-bits/2014/07/23On July 17, BitPay announced the launch of Get Bits, a simple solution to Get bitcoins anywhere in the world. If “What is a Bitcoin?” is the number one question asked, perhaps “How do I get a Bitcoin?” is the second most asked. Buying bitcoins is one of the biggest hurdles to getting started; that’s why BitPay created Get Bits. Get Bits lets you give and receive bitcoins to your friends through your Facebook. I'm calling it first: Facebook WILL purchase BitPay for $xB. I used to think that, but I have suspicions that there are wheels within wheels in the Bitcoin world. I think the only business qualified to buy BitPay is Google.
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How would anybody know that? What is this, the Spanish Inquisition?
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I would look on game developer forums instead of Bitcoin development because it has nothing to do with Bitcoin outside of being a simulator. I'm not saying it won't be fun, but it doesn't help develop Bitcoin apps. If this is to be considered a serious game involving altcoins, political and legal drama, scams and China, then I would pitch it to a major game company or make a card or boardgame. I could see Bitcoin as a Steve Jackson game.
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People would shop with the local currency and save with Bitcoin. I'm not saying they are right to do this, that's just how they roll.
That's what a naive interpretation of Gresham's Law would suggest, sure. Or they will invest in stocks, mutual funds, or even municipal bonds. I'm not invoking Gresham's law at all. This is about savings, not currency.
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I am developing a game as well. It's in its very early planning stages. First, do you have a market for this game the way you envision it? Have you modeled it in analog form as a proof-of-concept? Does it have to be a computer game? Board games are really coming back in popularity. I'm also interested in the questions you pose, but it's difficult to gauge the answer without a lot more information.
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I see it as an evolutionary thing. I agree that price between Black and White will decouple with Black winning. That's the same thing that would happen if a sovereign issues a PoS cryptocurrency and it is traded on the open exchange. People would shop with the local currency and save with Bitcoin. I'm not saying they are right to do this, that's just how they roll.
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"I would like to buy your product. Do you take Black Coins? You do? You are under arrest."
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Because colored coins are nothing but Bitcoin outputs, they can be posted about in ant Bitcoin discussion. Agree or disagree?
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Everyone in New York use Darkwallet and Tor. Done.
"Yes, I would like to buy your product. Do you take unregistered bitcoins through Darkwallet and Tor? You do? Thank you, you're under arrest."
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