Even if you do not catch the crypto currency wave early, you will still benefit of the fairness and wealth-creating/preserving aspects of this technology.
A new Golden Age.
It's true I was kind of ambivalent about investing at one point because I thought, "If Bitcoin succeeds, just about everyone is eventually going to be rich by today's standards anyway, whether they bought in or not." It's more about how fast you want to get there. If you invest now, you get to experience financial freedom in a year or two, instead of a decade or two. Come on Zangelbert. You can't possibly believe everybody is going to get rich? I mean, sure, if bitcoin is a more efficient method of payment and finance in general, then it will benefit the general population, much like the internet itself has already provided many benefits to the economy. But it doesn't instantaneously transform everybody into millionairs. |
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Here is a thought. The more major merchants that accept bitcoin the wilder the exchange rate will be. Merchants especially large one won't keep the coins they have to convert right away so that means large dumps on exchanges that might not get bought. Or I could be wrong.
Planning to buy a billion dollar TV? |
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Hey Raphy
Any word on how the migration of the system is going?
And is this the front end or the backend that is being adapted?
Thanks
Hello, It's the backend side that is worked on. The last few days should have been better though (if you can confirm), and in the new few days it will be even better. The migration will been more progressive, and if there is any downtime you will be informed in advance by email. Thanks for the update |
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Yeah, its getting hard keeping up with all the news now that bitcoin keeps growing. |
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Hey Raphy
Any word on how the migration of the system is going?
And is this the front end or the backend that is being adapted?
Thanks
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Tulips are not useless, they might not be a good currency but they can be a store of value, nobody has control over your Tulips but you
*facepalm* |
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What's really going to matter for the rest of the franchises, is whether these participating Subways are seeing any significant revenue via Bitcoin.
You went finally all in? Seems like a neutral observation to me. |
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Subway! Is that worldwide? If so, this is going so much faster than I ever imagined  Very much so. EDIT: oh, you probably meant the bitcoin acception. No, it isn't. |
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It's frozenlock, he thinks we're dummies. If he didn't close that short, it may explain his absence.  Auch ! |
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Any particular reason why the bitcoin price would surge due to merchant adoption? Let's all be honest with each other, bitcoin is still hard as fuck to use for the average person when buying something. Couple that with the volatility and there's just no incentive for anyone to use bitcoin over dollars.
All it would achieve is bring in more speculators who want in on the craze because they think they might make some profit. Yes that might surge the price temporarily, but it would drop just as fast as soon as everyone realizes everyone else is just here to make profits.
Think of it another way, Bitcoin is the backend infrastructure that will allow entrepreneurs to build front end systems that take advantage of it's low transaction cost and security. It just happens to be a speculative vehicle as well, but in some ways if you think about it, it was fiendishly genus to make it deflationary driving huge demand from speculators guaranteeing it's adoption and growth as time goes on. We will eventually hit the top of the S-curve or it will all go to shit, but in any case.....enjoy the ride. I totally agree that bitcoin is some sort of template for things to come. But thinking merchant adoption is important at this point is just wrong. There's a buttload of other stuff that needs to be solved first. I too think the infrastructure still needs a lot of work in order for a bitcoin economy to work. Still, it is encouraging to see big companies contemplate using bitcoin. Of course, they may just want part of the free media exposure, but who cares, they see it as a positive, and they are willing to take a chance associating themselves with bitcoin. |
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Speculation is the gateway drug to bitcoin.
Nice |
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Thats news from several days ago.
Not really, a few days ago there wasn't any official endorsement so it might have just been few rogue entrepreneuers accepting them. Now we have an official tweet from subway! Yeah, I edited my post already. |
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Thats news from several days ago. EDIT: its new that they twittered it on their account though. |
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Wow, I didn't think we would be at these prices this fast again.
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I hadn't heard anything from Murck before the Senate hearing and this video, but I have to say that I think he is a very good spokesman (he might want to work on his intonation a bit  , but that is a lot less important than having a good vision ). |
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Is there anyone who wants to exit Litecoins for a nice profit?
I buy LTC in quantity and pay fiat currency your choice.
Trying to talk up the market? (I might be getting somewhat paranoid about you trying to influence the market, if so, apologies) |
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At least he wisened up on the divisibility argument. Now he is just saying "volatility", "intrinsic value", "regression theorem". *yawn* I give it 2-3 years before he is a full-on bitcoin bull. |
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*yawn*, give us some action already. At this point I might actually have to do something constructive with the rest of my day...  |
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Malevolent is right. Never go full fiat. That's been historically a losing strategy, and that's a matter of fact - unless you sold to buy back lower and you succeeded, obviously.
The dude made half a million bucks. I would be happy.... If he had left half on the table, he'd have another $100k by now. OK, but you never know that, right? Having a house is lower risk. I would probably never cash out completely, but still, can't blame the guy, as I said, I would be happy in his place. |
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