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The problem seems to be the pension funds. They are unwilling to provide customer service and pay on time.
Even if a blockchain based system is introduced, it can't solve that problem.
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Every financial institution and every Bank seem to have their eyes set on the bitcoin and bitcoin these days... But being Bitcoin as a currency the main competitor to banks and the traditional financial system, won't it be possible to see Banks trying to stifle bitcoin while investing in the Blockchain?
Remember the early Internet? Where every company wanted to make their own localized version of it? Remember how that ended? Same with Bitcoin, Bitcoin is much better when it's global and all inclusive. Banks that make their own block chain will eventually be almost forced to just join the global block chain, because there is little to gain from having your own bubble. That struggle hasn't stopped (Refer internet.org by facebook). Banks aren't going to stop trying. |
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Contact Tim Draper. He might be interested.
Trying to dump it in exchanges is a bad idea.
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I wonder what users from late 2013 would feel having a gander at that headline. Utter shock followed by clawing at their own faces.
Forget 2013; Somebody who got in at anytime during 2014 would be feeling the same way.  |
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I think we will need a balance between holding and spending. If everyone just hold their bitcoin, it will kill the potential of bitcoin.
People have to be incentivized to spend. The savings (credit card fees, etc) should be passed back to consumers. Then spending of bitcoins will increase. |
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Obviously they will invest in blockchain technology; it has huge potential to reduce costs for them.
Bitcoin - they will ignore it until it is no longer possible to do so without hurting themselves.
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I am surprised that it has taken them so long. It is a natural fit. Better late than never.  |
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When you name your alt like that, there is a chance of getting into trouble.
Would people implicitly assume that it is backed by the Ruble? (the developers haven't decided yet).
The State has a monopoly over issuing currency
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But if everybody holds onto it, it's going to be a pretty crappy currency because nobody will spend or accept it.
The miners have bills to pay. They will pay for their purchases with bitcoins, or sell it at exchanges.  |
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Kids today learn very quickly. This is the facebook generation.  Giving them exposure about digital currency at such a young age is good. |
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the theory is that when the dollar goes down the tubes BTC will prevail, but I dont actually believe this. right now BTC is valued in $ terms, so if $ is worthless, so is BTC. There just isnt a complete BTC ecosystem. you would need to be able to do all transactions that are done with $ for BTC to be considered extant within its own ecosystem. that just does not exist. all BTC has achieved is to become a speculative instrument, its full potential has not been realized.
If it is just the $ which goes down, I don't think BTC will be worthless. It will still retain its current purchasing power, with some other currency (Let us say EUR) occupying the place held by dollar. You don't expect crude to become worthless just because the USD crashes. I expect Bitcoin to react just like any other commodity. |
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Hold it till the 2020 block reward halving. You will have a pretty good idea about where Bitcoin is headed at that point.
I will be holding till that point too. No matter what the price is, I plan to liquidate only half of my stock.
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You might not have to wait 41 weeks.
People will start reacting, in anticipation of the event.
So expect a trend to emerge months before the block reward is reduced.
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Right now, Bitcoin is treated as a commodity.
All commodities go down when the economy goes bust.
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This is not going to happen very soon then , unless they decide to expand to worldwide or at least to Europe as a start . because ONLY supprting USA aint going do much to the price .
The US is sufficient to give the price a boost. Institutional money is big money. |
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Borrowing money for gambling is a bad idea.
I am debt averse, in general.
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I don't really understand the motivations for some of this stuff, but it is important that it happens. It won't get anywhere unless it's given a beating and comes out the other side the stronger for it.
im guessing its real hard core hacker culture. theyre doing it for bragging rights and to prove they can. and yes, it helps in the long run. of course the mainstream media will have a hey day with all the FUD they can proliferate about it... well be hearing about it for years. just like gox, silkroad, all the dark web scare propaganda. it does hinder adoption somewhat (hopefully temporarily) It really doesn't seem to have an impact on the price of bitcoin; although you would expect some downward pressure. So there is no motivation for large traders to play a role in this. |
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Bank'll use blockchain to reduce their operation costs, not make their customer happy.
Exactly - Banks will try to reduce vast, redundant middle offices through blockchain technology. The only benefits that customers will have is reduced settlement times and lower errors. This is a fringe benefit of banks using new technology and is not the reason why banks adopt it. |
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All the banks in the world are already looking at blockchain technology for payments.
A new digital startup promoting an alt isn't going to make much headway.
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There is no escaping these requirements, each time there is a BTC-fiat interface.
In any case, the main target for Gemini will be institutional investors who will have no problems in giving this information.
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