The key buzzword in the Venture Capital industry is "blockchain"
No one says "altcoin". Everybody says "blockchain"
Sorry for an uneducated question, but how do these "blockchains" work, will there still be a central authority (a company and its business associates running the network) who decides what goes into the chain or will they still use mining to secure it? If the latter, then what's the incentive to mine them, and all those little chains will be easily attacked. They can't possibly use Ethereum network for example because it doesn't scale. Or what am I missing? Ethereum network will be scaling up by next iteration vitalik explains: http://youtu.be/-QIt3mKLIYU |
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So what you are saying is that these stores do not care about BTC they just want fiat. So why do they bother accepting bitcoin in the first place if not just to increase their market share and hype at the expense of the bitcoin Community.
In the example you gave, you assume the company only sells things for btc. But most real companies do 99% of their commerce in fiat. Do you think that the share of their takings in btc is so significant that they have to liquidate completely to stay in business. This is not a realistic way of looking at things.
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Does anyone have a list of companys that accept btc and dont convert to flat? This would be useful to the community as a whole.
I do not believe that such a list exists. It would be advantageous to the community to have such a list. |
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I think it's a step forward for merchants to accept bitcoin. Pressuring them not to convert back to fiat is not that reasonable. They have to convert at least part of the bitcoin to cover costs. If you want to offset the effect, buy back the same amount you spent from the exchange.
Its not pressuring. Its encouraging. Im not suggesting we campaign against merchants converting to fiat (after all its a free market and bitcoin will stand or fall on its own merits) but as bitcoin consumers we can support businesses that support our ideological goals. |
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It is possible especially in a service industry to have no need to immediately spend takings.
And im not saying the business has to hoard the coins. They a free to spend them on various business expenses. You can use btc to pay for advertising very easily, server hosting etc.
Im sure most businesses can find a cost that they could switch to a provider that accepts bitcoins.
One day when even our primary producers are accepting bitcoin, a distributed network of smallholders will overtake your monsantos of the world
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There needs to be more encouragement for shops to keep bitcoin. There are a few businesses that keep their BTC as BTC and we should be encouraging that. Not using companies that are just using the bitcoin for buzz and cashing in on all of us bitcoin consumers.
There should be a list online of all the businesses that dont convert their bitcoins into fiat. Then we could as consumers make that choice.
My best guess is that just using BTC as often as possible is good enough, and that the universe of companies NOT changing them into FIAT$ is probably pretty small. I have only bought (consistently) from providentmetals.com, who offer gold for BTC, but they change it to FIAT$ right away. I agree with above comments that (especially small) businesses have expenses to deal with, and so often need almost every single dollar just to keep rolling. I don't really care if a business converts to FIAT$ or not. If they take Bitcoin, that is good enough for me.This is the wrong attitude to have. If everyone gave their btc to business which promise not to convert to fiat, its those business owners who will then seek out a supplier which takes BTC and promises not to convert to fiat and the cycle continues and you develop a parallel economy without the need to ever convert to fiat. If we want to develop this btc economy the way we want it we have to be scrupulous as consumers. Also currently, people are more reluctant to spend their btc, one of the reasons is, that they think if they spend btc they are reducing the value of their own money because the merchant will convert to fiat. If i was a business i would not convert any btc to fiat. It doesnt mean I have to ONLY accept btc but that portion of my turnover that is in btc i would endeavor to keep as btc |
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Well to do this, we will need a list of merchants who pledged they convert it directly. Most payment providers do convert the bitcons instantly when makeing a purchase for example.
So yeah how can we trust merchants to say they won't convert it? They can do it, without anyone finding it out?
For now it can rely on good hearted businessmen and entrepreneurs who care about the bitcoin economy. Later we may need to look at how businesses are structured. I suggest that all businesses could have their accounts public on the blockchain. This way the whole economy will be transparent. |
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There needs to be more encouragement for shops to keep bitcoin. There are a few businesses that keep their BTC as BTC and we should be encouraging that. Not using companies that are just using the bitcoin for buzz and cashing in on all of us bitcoin consumers.
There should be a list online of all the businesses that dont convert their bitcoins into fiat. Then we could as consumers make that choice.
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Oh no, not again
Why on earth does the world need another coin?
Says the person with "dogecoin core developer" in his sig lol, thats actually pretty funny for an ETH shrill. The word you're trying to spell is "shill". There's no "r" |
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Oil is cheap, more QE coming soon.
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已經超過$16,000,000了 cointelegraph 的滿新聞好像是故意的
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Cointelegraph 是非常偏比特幣的。 每次都把關於以太的新聞都報錯。
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Oh no, not again
Why on earth does the world need another coin?
Says the person with "dogecoin core developer" in his sig |
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ETH will allow $2T of underground economy to become more structured (and possibly less underground) through DAOs.http://www.washingtonpost.com/blogs/wonkblog/wp/2013/04/23/americas-2-trillion-shadow-economy-is-the-recessions-big-winner/If it captures 1% of that $2T, it is equivalent to $20B, which would put ETH somewhere around $150. Those who sell for $2 will shit bricks, eat sand and may even commit suicide in the years to come. If it captures 10% of that ETH will be $1500. I know it sounds crazy, but so did the Internet in 1995. Once it's launched their main focus will be on scalability, which I think is the real reason crypto is not ready for mainstream. Once they can handle 100K TPS (and I'm sure they will), it's game over. If etherum ever becomes #1 crypto i will probably quit crypto altogether. Etheruem is just as bad as banks in my books. Why are you being so negative? Is it because you don't hold any ether? |
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Really? Is this the best you can come up with? You're going to have to FUD harder than this to convince me.
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1337 is leetspeak you Noob
Strap on your tinfoil yarmulkes guys!
Lol and I'm accused of being steven tual! Lolz! I'm going to enjoy this thread.
no, n00b, its l33t (or 733t if you roll that way). get a fucking clue. Yes but l33t is not a number between 1000 and 2000. 1337 is and 1337 is leetspeak. You can google it if you don't believe me. |
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Price is heading up again.
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But Monero doesn't have a future
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Monero is shit. You can delete my posts all day long it doesn't change the facts.
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