the useless bitcoin mainstream efforts

[ShadowOfHarbringer]

OMG, OPEC LOL ? I hope OP is seriously not serious. This better be trolling.

[giszmo]

Secondly, we don't need a super super billion dollar economy crashing in the 100M dollar economy of bitcoin, thank you.

Or to put in perspective, if the average deal size far exceeds the market cap of BTC, even the most courageous oil dealers wouldn't touch BTC with a 100 feet pole. If you settle a 1million dollar deal, you move the market by 100%. How on earth would you settle an 1 billion dollar deal?

We are still at a point where nobody expecting daily turnover of more than $100k would feel comfortable using BTC. Exchanges are an exception as they are 100% independent of the volatility. In fact volatility brings them business.

This is the reason why we have to go from low turnover to higher turnover gradually.

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

[greyhawk]

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

Wired begs to differ.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/?pid=4182&viewall=true

EXPIRED: Bitcoin

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock.

[mobodick]

i just wanna say the said truth to all the really straight guys (1) out here wasting time by their, sorry, useless bitcoin mainstream efforts.

i mean

 - spreading good news
 - enabling (big) online/offline merchant to accept bitcoin
 - accept bitcoin as a merchant
 - use bitcoin in daily life as much as possible

is all sweet & easy. thank you!

but the really only way bring bitcoin to worldwide mainstream is to persuade (or to force) the OPEC to accept bitcoin instead of the US$ for the oil.

if that ever happens were in the 'mahatma gandhi *then we win* phase'
amazon, ebay, facebook etc.; break paypal; .. are all minor or just small steps on the road. OPEC is the goal.


do you have thoughts or ideas how to come so far or other useful comments?


(1) no shorttime interested bitcoin or us$ hoarders/traiders

Finite resource is finite.
Oil (like all non-renewable resources) stands no chance as a future source of energy.
Oil consumption is (nessesarily) going down, it will never be cheap again.

What will be left of the market will not be enough to give OPEC a serious means of power.

OPEC is a stupid goal for bitcoin...

[mobodick]

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

Wired begs to differ.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/?pid=4182&viewall=true

EXPIRED: Bitcoin

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock.

And you form an opinion based on what Wired tells you?
I mean, these people have found out that you can search the internet for music in 2012. Are you kidding me? I've been doing that for nore than a decade now.

[greyhawk]

And you form an opinion based on what Wired tells you?

I don't. The mainstream does.

[Carlton Banks]

but the really only way bring bitcoin to worldwide mainstream is to persuade (or to force) the OPEC to accept bitcoin instead of the US$ for the oil.

Hehehehe I like your ambition... but honestly the announcement from OPEC that they're switching to BTC will be waaayyy past the time when Bitcoin has already revolutionized global finance.

With any luck, we won't be using oil by that stage, either.

[Raoul Duke]

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

Wired begs to differ.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/?pid=4182&viewall=true

EXPIRED: Bitcoin

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock.

Who?

[giszmo]

but the really only way bring bitcoin to worldwide mainstream is to persuade (or to force) the OPEC to accept bitcoin instead of the US$ for the oil.

Hehehehe I like your ambition... but honestly the announcement from OPEC that they're switching to BTC will be waaayyy past the time when Bitcoin has already revolutionized global finance.

With any luck, we won't be using oil by that stage, either.

With any luck, bitcoin reaches mainstream before we run out of oil (aka before the majority of cars runs on other fuels).

[johnyj]

Better still, Russia (And I guess they have already hacked many BTC exchanges, which showed their great interest...)

[kjj]

Finite resource is finite.
Oil (like all non-renewable resources) stands no chance as a future source of energy.
Oil consumption is (nessesarily) going down, it will never be cheap again.

What will be left of the market will not be enough to give OPEC a serious means of power.

OPEC is a stupid goal for bitcoin...

Heh.  You do know that cars don't operate by tipping gasoline into a black hole, right?  All of the atoms are still here, so we can create as much gasoline and other hydrocarbon products as we want, at will.  However, right now, it is cheaper to pump it out of the ground than it is to sieve carbon and hydrogen out of the atmosphere and crack up so they can form long chains.

Oil is totally 100% renewable.  It is only "cheap oil" that is non-renewable.

At any rate, the "unit of account for oil sales gives dollars value" theory repeated by the OP is nonsense, and has been nonsense for decades now.  No one is holding dollars against their will for oil purchases or oil sales, at least not for more than a couple hundred milliseconds.  Google FOREX.

[bg002h]

Does anyone remember what Saddam announced just a few months before being invaded from the democratic USA?
They would have started to sell their oil in Euros.

(think about the power you have owning the currency that anyone wants only to buy oil)

Secondly, we don't need a super super billion dollar economy crashing in the 100M dollar economy of bitcoin, thank you.

Btw: bitcoin will begin to go mainstream in 500 days from now. I will bet my money on that.

Ftfy

[mobodick]

Finite resource is finite.
Oil (like all non-renewable resources) stands no chance as a future source of energy.
Oil consumption is (nessesarily) going down, it will never be cheap again.

What will be left of the market will not be enough to give OPEC a serious means of power.

OPEC is a stupid goal for bitcoin...

Heh.  You do know that cars don't operate by tipping gasoline into a black hole, right?  All of the atoms are still here, so we can create as much gasoline and other hydrocarbon products as we want, at will.  However, right now, it is cheaper to pump it out of the ground than it is to sieve carbon and hydrogen out of the atmosphere and crack up so they can form long chains.

Oil is totally 100% renewable.  It is only "cheap oil" that is non-renewable.

This way you could say that everything is renewable. It makes the word renewable completely meaningless.
You could smash an atom and 'renew' it by fusion.

This is not what renewable means in this context tho.
I was talking about renewable energy.
The oil is just a natural carrier for sun energy.
And we use much more of this sun-energy-stored-in-oil than the sun could ever replenish.
Hence, the oil (carrying the energy) must run out.

We already used up more than half the available crude oil in about 100 years and oil consumption is still rising.
But that was also the easy-to-get part and now the rest needs to be fraked etc and is getting more and more expensive.

To make oil from it's ingredients as you suggest you need more energy (the stuff we actually want) then you would get out by burning the oil.
So we cannot make it ourself. Oil is actually countless sun-hours of energy stored in the ground.
It cannot be re-created (in fact, not even close) in the same time that we use it up and it would cost energy we don't have.
Carbon doesn't form long chains in the atmosphere. Fat chance you can fish in the air for polymers.

So really, from our perspective crude oil is a pretty much completely non-renewable resource...

[SlickTheNick]

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

Wired begs to differ.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/?pid=4182&viewall=true

EXPIRED: Bitcoin

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock.

Malware? What about the countless malware that is already out there and has been since the dawn of the internet that steals personal information, passwords, takes over your computer etc. etc. Black market? I dont see how thats doing anything except for growing the bitcoin economy.. legal amguities and the man..? what the fuck is that even supposed to mean? And who the fuck gives a shit about facebook stock?

[smoothie]

Somethings wrong guys. I've been repeatedly pressing F5 on mtgox since I sent them this message but the price isn't going up. Whats going on?

Fucking LOL! 

[Phinnaeus Gage]

Somethings wrong guys. I've been repeatedly pressing F5 on mtgox since I sent them this message but the price isn't going up. Whats going on?

Fucking LOL! 

You may think it's funny, but I just called the 4300 number for S & G and the lady on the other end answered with, "Hello, Bruno K........ Hope I pronounced that correctly. How can we be of assistance to you today?" Click!

Then the entity called me, but I didn't answer, so they left a message which started with, "Hello, Phinnaeus Gage. It seems we got discounted..."

The call spooked me enough that I'm goin' to purchase me one of them bags like below and start living in the woods.



Before I retire with the bears, does anybody want to buy a dozen pairs of Bitcoin orange Stilettos, size 13?

[CharlieContent]

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

I would like to take you up on that. PM me to discuss a bet.

[Lethn]

We have enough nightmare stories about gambling on this forum already don't make it worse lol!

[franky1]

i think the 50 day thing refers to when the main payment processors have a released debit card system ....? allowing for easy btc/fiat conversion for merchants without having to grasp the complexities of cryptography

[paraipan]

...

Malware? What about the countless malware that is already out there and has been since the dawn of the internet that steals personal information, passwords, takes over your computer etc. etc. Black market? I dont see how thats doing anything except for growing the bitcoin economy.. legal amguities and the man..? what the fuck is that even supposed to mean? And who the fuck gives a shit about facebook stock?

+1 This^