I don't see bitcoin replacing fiat entirely but most likely what will happen is bitcoin taking a segment of market share mostly likely in the money transfer business and cross border transactions. That is one area that bitcoin really beat fiat hands down due to the speed and fees. In terms of online payments maybe it is there. People could see it as an alternative but apart from that when it comes to retail over-the-counter business, the transaction time needs to be looked into.

We have been to 160 and bounced back but I don't see that being taken into consideration. Fact is yeah, it's slowly moving downward, I don't discount the fact that one day it might even reach 100 but I'm confident once it really hits the bottom level, there next pattern should be up. Statistics data in the past have shown that and proven that sometimes it is at best unreliable and price have known to bounce back when it is least unexpected.

I will never even think of that. An global economic collapse although would, to a certain degree make people realize about finding an alternative way to store their wealth, but before that, bitcoin needs to first solve its own internal problem to make sure that it meets this criteria. Volatility in the price right now that points to more downward pattern is creating all the negative sentiment. So let's try to be more realistic here.

Right now they are struggling to raise the money to pay back the creditors. I don't know how they are going to do that. Raising taxes and having tightening monetary policy is not going to make any difference. If this continues there is a high probability that Greece may default on its debts, forcing it to exit as a last resort. What goes from here is a catastrophic chain of collapse.

One of the examples that I can see is that imagine if one day when it has gone mainstream is that you don't even need to convert to different currencies when travelling abroad. It means it can be worldwide global currency. In the financial system, it will offer fast near instant clearing and settlement of international payments without even the risk of exchange rate. You can visualize how all that works out to realize the benefit it brings

The retail part is where bitcoin is currently lagging. You can see pubs or even restaurant but i don't think I've come across shops selling women's accessories accepting bitcoin for that matter. That is where all the shopping and spending take place like paying for beauty products, clothes, handbags, make-up items, handbags and stuff like that. What we can do is to have at least one of these shops accepting bitcoin and there is where exposure begins.

Name: Q7
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Bitcoin Address: 1AF75fNAXRtKZi1pRNZyhrzvmUwZgsYatd
Profile link (with your UID): https://bitcointalk.org/index.php?action=profile;u=349236

Before we ever thought of that, first thing first can we really identify all the coins that belong to satoshi. Having done that, we can't just ignore or delete part of the blocks that hold the coin. If we can do that, does that mean we can do the same for the rest of the coin if the need calls for? And again how is that even possible? These are things we need to consider before we engage  this discussion.

We don't necessarily need all the illegal stuff to survive. For one, I can imagine the biggest impact that can be seen when this has gone mainstream is by having big auction marketplace like ebay using bitcoin as payment currency. Other areas would be as an official in-game currency in the gaming industry and also for cross border transaction. The amount of cash volume involved would be big.

At least the guy is trying to be imaginative with a twist to make it sound interesting. If we look at it overall maybe that is what we need, some publicity to get the attention and I don't see anything bad coming from it. It's the attention that generate interest and it's the same thing that celebrities nowadays did in order to stay popular in the industry.

After reading the article my perception about regulatory control imposed on bitcoin begins to change. Note that what they said here is that generally banks don't see bitcoin as a threat but more towards the risk level that they have to take. If some form of regulation can help towards mainstream adoption then the question we need to ask ourselves is, why not? Reading the article about how bitcoin is accepted in businesses like pubs and cabs certainly project that kind of positive news and hope we are waiting for. An interesting line that I picked up was "The government is behind it... there's a lot of will behind it.". Perhaps it's time for us to change our mindset.

To earn 100 percent return of investment in short period of time means you need to on some risky investment. I don't know why you are saying that you are losing more in trading than earning so perhaps you need to reanalyse your strategy. There are not many good alternate crypto pairs to trade these days so your best bet is still waging on btc usd pair and that means leveraging your position. In this scenario, you either win a lot or lose a lot. I hope you know what you are doing.

When you have a network system that is directly a possible replacement to the current financial system or will it one day ruin the grip and control you have, would you trust it in the first place? In fact I should change the word to threat to be more precise. Governments generally won't endorse or accept bitcoin for that matter and they will do anything to prevent that from happening.

I don't know what to say but gut feeling tells me that if it really takes off, it will go up extremely fast. But right now even though there is growth, it could be less noticeable no thanks to the slump in price and a bunch of scam exchangers and ponzi schemes riding on the popularity of bitcoin and took opportunity of it. Just relax, the ETF is in the pipeline for sometime now and last I heard it needs to sort out with the regulatory issue. It will be there.

I'm glad he made the right decision. Leaving the foundation is the only best thing to do and having done in the interest of bitcoin. I'm sure at MIT they will have all the necessary resource and support to continue their works to make bitcoin even better and especially now minus the politically-minded, power hungry people. I think by itself that is already considered bullish news for bitcoin.

I did mention that clearly in the OP. Like I've said, it's not significant per se but it's more like trying to find out what you guys actually do with the fund. When I read through all the posts it's clear that some of us here sold the coins immediately in order to get quick cash. That won't move the price so much but bear in mind that still means coins getting introduced to the open market.

I bet when he laid out the plan, he has carefully thought of on what to expect and then put everything in the best consideration. If you notice the timing when bitcoin came about, it was in 2009 just close to almost 2 years after the subprime mortgage crisis and economic recession. I bet he envisioned with the aim to create the ideal perfect money that would solve the mess from our current financial system.

Not sure how to interpret this information because two days ago the arab oil minister insisted that production output will remain the same and then what follows suit is the price coming down again after having rallied to its best performance for this year. It's more like somebody is trying to suppress the price from going up (with a hidden agenda which I presume) but all the indicators showing right now having point to oil price going up in the long run, I think it's just a matter of time that this will happen. 

I have serious doubt about the integrity based the outcome of the pool conducted. First it never show the background of the people selected for the pool nor does it give any other further information. From what I see here from the results, it goes to show how misinformed people generally are or should I say the trust level that people have in bitcoin is at a low level. It's like they see it as a trap. But more interesting is that, is there a possibility that the number of those people who claim to have zero knowledge of bitcoin are also being categorized into the same group of people who says that they can't trust the network. So it's like telling two different sides of the story although you are referring to the same scenario and condition.

In part that is because of human nature to take control of things they deem will be able to secure their wealth or provide them with power, stature, you name it. The design and core principle of bitcoin was to lead us away from all that and no matter how well it has been thought of, there is still a way to slip pass through it. There are people who thought that pos will prevent that but to certain extent with human greed eventually it will mean everything will go back square one.