Talk of Fed tapering, because the likes of zero hedge/bitcoin

[CtrlAltBernanke420]

I am beginning to understand bitcoin as a transfer and potential hold of wealth. It is not ment for you buy starbucks coffee directly. But you can buy gift cards that reside on your mobile device, which do act as instant payment(and just as likely prone to hacking as bitcoins.)


The exchanges in some sense of the notion act as a giant atm account. Which is beautiful! Never before has supply been so connected to demand. We really are closer to trading satoshi's that I have given credit too.

Blockchain size, payment times, security are still major major issues, I do believe the miners can push their business model to create a reality of trust AND PRICE STABILITY, you some what get to decide who you will and wont sell btc to.

What is bigger and potentially more important, is the realization we can barter services/goods, we can exchange labor virtually(bitcoin)

The more we trade services for bitcoin, the stronger bitcoin itself works. Over time, hopefully people will chose to work for a bitcoin, or part of a bitcoin, rather than fiat currency.

Unfortunately most of you miners simply have a desire to sell your bitcoins "for a lot of money" The sooner you do so, the sooner your mentality gets purged from the system.

Granted, having a decent pricetag on a bitcoin I also think is very important because the bitcoin network exists, we get to argue about it in a completely different way, compared some hypothetical model that does not exist.

It acts as an ATM, for example if you own A LOT of bitcoin, you already know it is not wise to crush the price tag. Bitcoin is on the verge of making its way up to 1000. Regaurdless, the price tag should not mean much, but a higher price tag will definitely drive interest/demand.


Getting bitcoin accepted from beginning to the end of the supply chains is absolutely paramount, and there is no reason we cannot funnel the resources to get the brainpower to help these people get up to speed. Because of this, the fact the almost all levels of govts, corporations, investors, banks, hedge funds, media, etc know about bitcoin, Zerohedge is one of the most visited websites in the world.

The data coming out from the economy, compounded by the developments since the bitcoin 2013 conferece. Every ASIC that goes online only helps strengthen the network.

 
The banks and the Federal reserve are getting nervous.

[martychubbs]

Many people start investing into crypto currency and shift to this kind of payment which makes this business grow every day. It is better to buy some coins now.