Bitcoin Forum
December 05, 2016, 02:33:38 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Price of gold in bitcoins : a naïve approach  (Read 6124 times)
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
November 02, 2010, 05:50:29 AM
 #21

Grondilu, I was looking for a "ballpark figure" of how likely it is that something will be adopted where it is clear to the adoptees that there are significant benefits to its adoption.

As it has been said on some other thread (I forgot which one), bitcoin doesn't really need to be mainstream to be successful.  It can't be compared to esperanto for this matter, imo.

As long as there exists a community that provides convertibility of bitcoins to other currency, it won't matter if you can't buy a hamburger with bitcoins.   Think about gold :  I dout I could go in a McDonald's with a gram of gold and buy a menu with it.  And yet, gold is of course successful (especially nowadays).

Of course, it will depend on the volume of transactions the community can provide.   But such a volume won't have to be huge, imo.  Actually I'd also like to compare it to collector's stamps.  Those are really a niche :  very few people collect stamps and are willing to pay a lot of money to acquire it.  And yet, I heard that some jews during WWII were using them as storage of value (much easier to hide than gold or diamands).

I'd say that bitcoins are even easier to hide than stamps Smiley


PS.  I don't say that I wouldn't like bitcoin to go mainstream, though.  Of course I'd like that.  But going mainstream is not a requirement for bitcoins to be considered as a success, imo.


For sure.

Buy at 6 cents ... go to 16 .... success?

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480905218
Hero Member
*
Offline Offline

Posts: 1480905218

View Profile Personal Message (Offline)

Ignore
1480905218
Reply with quote  #2

1480905218
Report to moderator
grondilu
Legendary
*
Offline Offline

Activity: 1134


View Profile
November 02, 2010, 04:41:40 PM
 #22

For sure.

Buy at 6 cents ... go to 16 .... success?

I'm not sure I understand what you mean.
FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
November 02, 2010, 07:35:45 PM
 #23

For sure.

Buy at 6 cents ... go to 16 .... success?

I'm not sure I understand what you mean.


Sorry, just saying that one possible version of "success" for someone might be buying at 6 cents and cashing out now. 1000% annually isn't bad.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!