Heheh. Check it out and tell me what you think. This project may or may not actually happen, this is just a mock-up I threw together with "jotform" for fun. But still, I want opinions. http://form.jotform.us/form/32938071698164 |
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Mid term its always good time to buy. Long term its always a bad time to buy.
Short term very risky. Personally I'd wait for a dip, but you can never be sure.
Long term always a bad time to buy? Yeah, if and only if you believe Bitcoin will eventually die, which you do. Correct. Even if you believe, you can only believe like 10% at best. And I dont believe more than 0.1% that it will be significant in the 'far future'. And unlike a lot of other technologies that get replaced, it most likely wont have notable antique value. So shortsighted... Mark my words. Bitcoin will take over 90% of the global currency market during your lifetime. |
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I love bitcoin. For the same reasons, I love the silk road.
It's about freedom of exchange.
So for me, those that helped bring silk road down are simply "The Enemy."
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Cheaper processing fees than credit cards.
I see this quite often. Where do u live, guys? In a 3rd world country? Banks have to compete and now it's hard to find any that charges fee for credit card transactions (they earn profit by holding ur money). In my country. Your bank may not charge you fees for credit card transactions but payment processors sure do. Exactly. If you've ever run a small (or large) business and chose to accept credit cards you know all about the fees.... They suck. And all the payment processors have enthusiastic and persistent salespeople who are very clever about concealing hidden fees and surcharges and fine print that goes on for ten pages and .... blah... as you can see I'm not a big fan of payment processors in their current incarnation. In my area I believe the standard fee is usually advertised at 1.5% and works out to about 4% by the time you've added all the hidden fees. |
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You may, perhaps, forgive me if I remain somewhat skeptical about the near instant, and universal, adoption of BTC. Yes, I do remember the earliest days of the modern computer. I was at a university conference in 1974 when I overheard two electronic engineers talking about a computer project under the wing of DARPA. ( http://en.wikipedia.org/wiki/ARPANET) You will possibly remember that early adopters were mostly geeks. The general public didn't get interested until that nifty thing called email came about. Then Tim Berners-Lee did his thing and the rest is history. But it was email that made the 'IBM Clone' a household fixture. I mention that part about the general public intentionally. It may be that the rest of the world is much different than the populace here in the good old USA. If so, then you may be right about the rapid adjustment to BTC. However, my experience with the general public here at home is dismal. Ignorance and apathy are the norm and it seems to increase every year. There may well be some facet or off-shoot of Bitcoin that will catch the attention of the general public and cause it to take off. I don't believe that what we have now will generate enough interest to take the sluggards away from their nightly dose of 'Dancing With the Nearly Real Housewife of Nueva Scotia'. /Frank Yes, Americans will probably be among the last to adopt bitcoin. As a nation, we have the most to lose, considering that we are the ones currently in control of the world's currency and bitcoin would wrest that control away from us. But beyond that, yes, we're generally ignorant and apathetic. And pathetic. But even so, even we here in the good ol' US of A will find ourselves quickly learning about bitcoin when we discover that suddenly a can of soda that was a dollar costs five all-of-a-sudden or they start taking the money out of our bank accounts like Cyprus or our government shuts down because we're so broke... oh wait that's starting now! Yay! Grab some popcorn and watch the show, we're in for a wild ride! |
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When you think about it, it was just like that with the Internet of the early to mid 1990's. I was there. I'd tell people about the Internet and they would get a quizzical look on their face. Then they would tell me they would never use the Internet - that they go to the library to get information and read the newspapers.
LOL Bet they would never admit to saying that now!
When bitcoin goes main stream it could very well be like that - everywhere used as a matter of course, no big deal, easy to use.
This is spot on. I feel sorry for the folks who can't see it. It seems so obvious. To my eyes, it's the only logical conclusion. When presented with the world, as it is now, and presented with the idea, bitcoin, as soon as you grasp what bitcoin is, how it works, why it works, suddenly it becomes apparent that the world has become infected with this idea and it will rapidly spread until every corner of the earth is infected and all the other competing currencies are wiped out. |
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I'm hoping somebody else will give you a thorough line-by-line, though you probably still won't get it. But I'll address my favorite little pieces:
There is another portion of the problem that will likely be more difficult and potentially impossible to deal with: utilities. I invite you to speculate on when a city (pick one: Amsterdam, Paris, London, New York City, Sydney, Christchurch, Manila, etc.) will accept BTC as payment for their metered services. Tell me which publicly traded telecom will take BTC in exchange for the cell phone bandwidth you use. Short answer: it’s not likely to happen in this lifetime.
I'll bet you one bitcoin that a publicly traded telecom will take BTC in exchange for cell phone bandwith within the next 9 months. No geographical limitations. I'd be willing to make a similar wager regarding utility bills in a major city, though I'd give 12 months for that. Care to gamble? There are plenty of great escrow services available to facilitate an honest transaction. None of what I have written should be viewed as an attempt to discourage, or disparage, those who wish to promote the expansion of BTC. Instead, what I aimed to do was describe the obstacles that I see in words that most everyone will understand.
Don't worry. Nothing you wrote will discourage anybody. The "obstacles" that you "see" are not obstacles at all. They reveal a basic lack of comprehension of the concept. Bitcoin is unstoppable. Nobody needs to go around trying to convince others to use it. Everybody will be forced to use it in order to remain competitive. The fools who cling to fiat longest will suffer the worst. One advantage at present is that you can still be the first merchant of X product to accept bitcoin, or first merchant in Y location to accept bitcoin and generate a bit of buzz that way, and list your store on various bitcoin sites, and hopefully get some new customers that way.
Yes, possible but not likely in my village of mostly agrarian neighbors. lol. If I mention BTC to most of the folks around here I either get a puzzled look or else they say 'oh yeah. That place where you buy guns, drugs, and pictures of nekkid wimmin'. This is not at all surprising. That's the stage we're at right now. In six months all of your neighbors will know what bitcoin is. In one year all of your neighbors will be using bitcoin. In five years none of your neighbors will be using fiat. |
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Of course we need a common standard for currency. Bitcoin is that standard. Before long, everbody, globally, will measure value in bitcoin. Sure, in places and at times people may use other things as currency, but the one global standard will of course always be bitcoin. Everybody will know what a soda costs in bitcoin and what a loaf of bread costs in bitcoin and what a house costs in bitcoin, and it will of course be very stable once it has driven all other currencies into the ground. Right now it's very difficult to keep track of things because there is no currency in existence that isn't being manipulated by some group or another to such a degree that it's no longer useful as a standard.
I'm not sure that I agree with this, and I'm a long running bitcoin bull. It might happen, but I would think that before any particular society were to abandon their local fiat currency and commit the work necessary to both learn about bitcoin and price goods locally in bitcoin, that local fiat has to have some kind of crisis of confidence. I can see this happening in many developing nations rather without much additional motivation than what the recent history has provided; but as to places with a long history of a well respected central banking system (I.e. The US, UK, Germany before the Euro, not sure about the Euro now) I doubt that even a minor crisis of confidence would motivate even a small minority of the general pubic to trade bitcoin in meatspace for a loaf of bread. Certainly, so long as Bitcoin stands the test of time, such a crisis must come for all fiat; but I would consider it unlikely to occur in my own lifetime. That is, so long as the US doesn't erupt in another civil war; which at this point is still a low, but rising, risk factor IMHO. I think that you're underestimating the decay this nation is experiencing. We are already entering the time of crisis. Political crisis, sure. That may or may not lead to a currency crisis. The political crisis is just a big sham to distract us all from the underlying problem: We're broke. This nation is flat broke. And we have a currency crisis, right now. |
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Thats great!
BTW: Do you have many shops and bars accepting BTC in NY?
Not enough. But they will come. |
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Paper with some ink on it.
That's what currency used to be, back before 2009. From the moment of the genesis block, there has been only one true currency. |
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Of course we need a common standard for currency. Bitcoin is that standard. Before long, everbody, globally, will measure value in bitcoin. Sure, in places and at times people may use other things as currency, but the one global standard will of course always be bitcoin. Everybody will know what a soda costs in bitcoin and what a loaf of bread costs in bitcoin and what a house costs in bitcoin, and it will of course be very stable once it has driven all other currencies into the ground. Right now it's very difficult to keep track of things because there is no currency in existence that isn't being manipulated by some group or another to such a degree that it's no longer useful as a standard.
I'm not sure that I agree with this, and I'm a long running bitcoin bull. It might happen, but I would think that before any particular society were to abandon their local fiat currency and commit the work necessary to both learn about bitcoin and price goods locally in bitcoin, that local fiat has to have some kind of crisis of confidence. I can see this happening in many developing nations rather without much additional motivation than what the recent history has provided; but as to places with a long history of a well respected central banking system (I.e. The US, UK, Germany before the Euro, not sure about the Euro now) I doubt that even a minor crisis of confidence would motivate even a small minority of the general pubic to trade bitcoin in meatspace for a loaf of bread. Certainly, so long as Bitcoin stands the test of time, such a crisis must come for all fiat; but I would consider it unlikely to occur in my own lifetime. That is, so long as the US doesn't erupt in another civil war; which at this point is still a low, but rising, risk factor IMHO. I think that you're underestimating the decay this nation is experiencing. We are already entering the time of crisis. |
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This woman is so right about everything it blows my mind.
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Of course we need a common standard for currency. Bitcoin is that standard. Before long, everbody, globally, will measure value in bitcoin. Sure, in places and at times people may use other things as currency, but the one global standard will of course always be bitcoin. Everybody will know what a soda costs in bitcoin and what a loaf of bread costs in bitcoin and what a house costs in bitcoin, and it will of course be very stable once it has driven all other currencies into the ground. Right now it's very difficult to keep track of things because there is no currency in existence that isn't being manipulated by some group or another to such a degree that it's no longer useful as a standard.
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I was thinking just the other day about how great it would be to do some sort of crowdfunded operation where you make hundreds of thousands of USB keys with Liberte Linux or some similar setup, then covertly distribute them in places like north korea.
They drop Bibles using helium filled ballons. I am sure that USB keys could be distributed the same way. The only problem: Who actually even has computers there??? They would not even know what a USB stick is. Then the propaganda would say that the devices were small bombs from the US or something.  That's pretty much the same line of thought I had... Which led me to thinking of smartphones with an internet connection of some sort. |
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I have no pity for anybody who can't find a job, in the USA.
Actually, I have no pity for anybody, just because pity is a useless emotion.
But anyway. I've been broker than most anybody I know and I've been down deep into very unemployable condition and every time I've ever said, "ok, now I'm gonna get a job and get my shit together," I've had work within a week.
OMG, you're a genius! You alone just solved all world unemployment, people have to find jobs, pure genius! hmm. Perhaps I wasn't quite clear. I have no pity for any able-bodied young man IN THE USA who can't find a job. Even with very high unemployment, there are jobs out there. If you're able-bodied, in the USA, and don't have a job, it's because you're lazy or too proud to do menial labor. |
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I have no pity for anybody who can't find a job, in the USA.
Actually, I have no pity for anybody, just because pity is a useless emotion.
But anyway. I've been broker than most anybody I know and I've been down deep into very unemployable condition and every time I've ever said, "ok, now I'm gonna get a job and get my shit together," I've had work within a week.
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It is illegal to sell weapons to a minor. Pink guns are for women, and any parents that give their children a gun are not correctly thinking, and breaking the law
Ha. My little brother shot his first deer at 11 years old, with his deer rifle. He owns an arsenal now, numerous rifles, shotguns, and a revolver, at 17. He's one of the most responsible gun owners I've ever met of any age. And pink guns aren't "for women," pink guns are for people who like pink. Duh. And it's not illegal to provide your son or daughter with a firearm, it's just illegal for a shop to sell them one without the parent there to sign for it. |
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Hmm... What kind of cell phone coverage infrastructure do they have? I suppose distributing satellite-internet-enabled devices would be prohibitively costly...
Still, there should be some sort of "save the koreans by giving them internet access" thing going on
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