My walrus says another 2 weeks tops, and we'll break $700.
It could be much sooner though.........
My mercat says we should expect a movement either up or down in the next 24 hours, unless we trade sideways. |
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Anarchy on a larger scale often arises involuntarily after the collapse of a centralized government with a complex administrative infrastructure Anarchy does not arise after the collapse of a government. That's a flawed as saying that atheism arises after a church burns down. |
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I JUST POSTED THAT! >_<
Yeah. I was editing my post when you posted that ^. |
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In short: Whats the quick, seamless onramp for a one time payment from a random person (who has no Bitcoins) to a Bitcoin account holder? He should set up a Coinvoice account. Then he'll be able to invoice customers in USD and receive the payments in BTC. The situation you describe is exactly the problem it was designed to solve. https://coinvoice.com/Edit (missed Lethn's post) I have no idea whether they are legitimate or not They are legitimate. They are the company behind btcd and well-known programmers in the OpenBSD community. They do the minimum amount of KYC they must do, and really are intended for businesses (which don't have any privacy anyway) instead of home users. |
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Then who cares if Overstock or Dish network take Bitcoin. It won't help the price at all.
Those coins that are being spent at Overstock or Dish aren't being sold on the exchanges, and the existence of more places to spend Bitcoins will nudge people who were on the edge into buying. |
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Ya, so what? I don't particularly care whether or not I have a Coinbase account - my need to convert a USD income into bitcoin has run its course. The next generation of new Coinbase users, on the other hand, deserve to know what they are getting into so they won't be able to claim they weren't warned when the inevitable Goxxing happens. |
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As far as I'm concerned, that was likely one disgruntled customer
Nope. |
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http://nakamotoinstitute.org/b-money/ I am fascinated by Tim May's crypto-anarchy. Unlike the communities traditionally associated with the word "anarchy", in a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary. It's a community where the threat of violence is impotent because violence is impossible, and violence is impossible because its participants cannot be linked to their true names or physical locations.
Until now it's not clear, even theoretically, how such a community could operate. A community is defined by the cooperation of its participants, and efficient cooperation requires a medium of exchange (money) and a way to enforce contracts. Traditionally these services have been provided by the government or government sponsored institutions and only to legal entities. In this article I describe a protocol by which these services can be provided to and by untraceable entities. http://nakamotoinstitute.org/bitcoin/
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Not coins stolen What are you talking about? The police stole the bitcoins from the exchange and it's customers. |
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It's painful to read all the comments at the bottom of the article. The peoples' comments are loaded with ignorance, misconception, false information and fear. It is mind blowing there are that many people with false ideas about Bitcoin. It's like a huge number. It goes to show you that's where a lot of the population is at on this right now. That's why we're still early adopters as amazing as that may seem 5 years after the beginning of Bitcoin. Still a long ways to go, but we're making progress. At least people are talking about it  Don't make the mistake of thinking the comments on news sites represent the thoughts of the population at large. Most of those comments are made by people who are paid to make those comments for the express purpose of manipulating the narrative. |
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Price stability, merchant adoption and core development funding should be at the top of our priority list.
How do you propose to make price stability a priority? What kinds of actions does that actually involve? |
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Every time a new business accepts Bitcoin, the community cheers. But they should be sober. Because all those Bitcoins are converted straight into dollars, driving the Bitcoin value down. People need to do their homework a bit more thoroughly. What do you mean? (Sincere question) I think he was saying that the premise and the model it was based on - that usage, even converting bitcoin immediately into fiat, drives the price down - was in error. The error is the assumption that every dollar that a merchant receives comes from the exchanges. There are investors who get their bitcoins indirectly by underwriting payment processors fiat, so in some cases the merchant receiving dollars represents an off-market purchase of Bitcoins by an underwriter. Maybe you could say this is "driving the price down" because if this route was not available, then the investors would have to purchase on the open market and thus move the exchange rate up, but that's a harder claim to prove. |
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If you read the above, you will see one example of what distributed scientific computing has achieved. Now imagine thousands or even millions of miners doing computations in every single science field because they get coins for doing so. Imagine the discoveries that will be made! You can have calculations that are useful for other things, or you can have calculations that are useful as proof of work, but they can't be the same calculations. |
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Every time a new business accepts Bitcoin, the community cheers. But they should be sober. Because all those Bitcoins are converted straight into dollars, driving the Bitcoin value down. People need to do their homework a bit more thoroughly. |
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