bitcoin in 2017

[Vannterson]

The bitcoin in 2017 will be used more and will get more popular too so that is just great, it has such a good future.

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[Mr.grin]

The bitcoin in 2017 will be used more and will get more popular too so that is just great, it has such a good future.

Well, if bitcoin maintain high prices, probably in 2017, bitcoin will become more popular in comparison to previous years. many people started to believe bitcoin, it is evident from the large number of news about bitcoin, and some companies are trying to compete with bitcoin. but I am sure, that bitcoin will become increasingly popular this year.

[Ereacia]

The bitcoin in 2017 will be better and also a lot more used for sure so that is very nice in my eyes.
It can even go to the 2k this year so that is promising something this year.

[logic-bet]

Banking on Bitcoin” Film Released in Hopes of Attracting Millions of New Users

Films or series that discuss cryptocurrencies are vital to bringing about awareness and ultimately mainstream adoption, says Zach LeBeau, producer and mastermind behind both the SingularDTV decentralized entertainment platform and a soon-to-be crowdfunded Singular television series.

SingularDTV is a Blockchain entertainment studio, smart contract rights management platform and video on demand portal that places intellectual property in the form of film, television and software projects onto the Ethereum Blockchain.

LeBeau believes film projects are a sure way to spread the message of cryptocurrencies such as Bitcoin, a borderless, permissionless currency controlled by no government.

Zach LeBeau mentions their new project, “Banking on Bitcoin,” a film that covers the digital currency as the most disruptive invention since the Internet:

The film, which according to its makers took three years to make, has an in-depth coverage of key players in the space including Charlie Shrem, Cameron and Tyler Winklevoss, Barry Silbert, Erik Voorhees, Nathaniel Popper, Alex Winter among others. They share their thoughts on how the revolutionary cryptocurrency technology will shape lives.

The documentary was released in select theaters and VOD on Jan. 6.
Other films on crypto

Other films and TV shows that have been produced in the last few years with the digital currency featuring include the 2015 American crime comedy-drama, “Dope,” “Mr. Robot,” “Deadpool,” “Deep Web” and recently, “StartUp,” which is built around the use of digital currency on a business scale. There is also “Bitcoin: The End Of Money As We Know It” which traces the history of money from the ancient world to the trading floors of Wall Street.

On its path to an all-time high earlier this year, the top digital currency gained more interest in the popular media with known publications and broadcasting stations covering the development.

[logic-bet]

Bitcoin Becomes Venezuelans’ Last Resort, Even When Buying Food


Amidst the worsening economic crisis and financial turmoil, Venezuelans are in search for alternative assets and stores of value to finance their daily living. The imposition of excessive regulation on physical assets such as gold has pushed the demand for Bitcoin in the struggling country.

The death toll of starving Venezuelan children is rapidly increasing in Venezuela, to the point where military personnel resort to trafficking food into the country and residents are struggling to acquire basic necessities like medicine.   
Bags of money

In December of 2016, the New York Times provided extensive coverage on the devastating financial and the economic state of Venezuela. Some of the stories including Nicholas Casey’s article entitled “Hungry Venezuelans Flee in Boats to Escape Economic Collapse” accurately demonstrated the collapsing economic and monetary systems of the country.

Earlier this month, the Associated Press released a report on the severity of cash shortage, which has disallowed Venezuelans to purchase enough food and medicine to support their families. As a result, people escaped the countries in boats across borders to migrate to neighboring countries such as Colombia and military personnel were trafficking food into the country to feed the hungry population.

Associated Press’s coverage of the military food trafficking case demonstrated the level of corruption and unlawful operations led by the government. Military personnel that had specific orders from President Nicolas Maduro to distribute food to the general population of Venezuela were profiting from the national financial crisis, selling food from butter to flour on the black market at a price that exceeded the government-set price by 100 times.

Jose Campos, a grocer interviewed by AP stated:

    "The military would be watching over whole bags of money. They always had what I needed."

People are turning to Bitcoin

Venezuela is a small market for the Bitcoin industry. It accounts for a tiny fraction of the global Bitcoin exchange market due to the current financial situation in the country.

However, an increasing number of people are turning to Bitcoin in an attempt to obtain a currency that has an actual real-world value in order to obtain basic necessities.

Individuals from students to company owners have reported their success in mining Bitcoin and using the digital currency to purchase items like food and medicine through online marketplaces that accept Bitcoin. Some students were ordering food through Amazon using Bitcoin accepting service providers like Purse.io.

Some outlets also reported that Google searches for the keyword “Bitcoin” in Venezuela increased exponentially over the past few months, as people sought out for alternative currencies or assets to support their living.

In consideration of the current financial trend of Venezuela, it is entirely possible that a currency like Bitcoin could replace the national currency, which does not have any significant value anymore. A decentralized currency does not require permission from the authorities to settle transactions and send payments from one another.

[Ocytrem]

Bitcoin in 2017 has a good future a head and the biggest thing is that its still growing all over the world so we can expect some nice prices soon or later this year.

[Wowcoin]

Bitcoin in 2017 has a good future a head and the biggest thing is that its still growing all over the world so we can expect some nice prices soon or later this year.

For me 2017 has a better future for bitcoin because people were now adopting the usefullness of it like in online wallet fast cash out transaction for banks, and expected more challenges of price fluctuation will spike higher again and down to optimum price in the mid year.

[iqlimasyadiqa]

many predictions that says that the price of bitcoin will rise very high in 2017. bitcoin price increase will improve as more and more users bitcoin. I think bitcoin will have a price of up to 1,200 USD.

[logic-bet]

I think it could reach 1500$ in 2017

[senyorito123]

Bitcoin in 2017 has a good future a head and the biggest thing is that its still growing all over the world so we can expect some nice prices soon or later this year.

Also for me same as they have said 2017 has a better future for bitcoin because people were now adopting the usefullness of it like in online wallet fast cash out transaction for banks, and expected more challenges of price fluctuation will spike higher again and down to optimum price in the mid year.

Yeah surely this year is the most prosperous year for bitcoins since weve reach again for 1000$ again and thats a great news to see that exist, and surely theirs another price up for that level or even more higher, so let be happy for this situation since bitcoin will surely gets more adoption unto this year, 2017 is newly started and surely we can see many good event that can help bitcoin to earn his fame.

[BreakingSlow]

The bitcoin in 2017 will be used more for sure and also will be a lot bigger indeed, the fact is that its growing and a lot more company's will invest in it too.

[Stedsm]

Indian markets seems to have been involved much in Bitcoins since the demonetization took place there, the highest rates being triggered there are proof that there will definitely going to be some space that bitcoins will get and used for monetary purposes. RBI is going to involve blockchain technology which is another great news and a sign that Indian Government might take interest into allowing bitcoins as everything is going digital.
China has already been in control of bitcoins, so nothing's new. I think that the growing trend is going to continue further and will be taking bitcoins to a completely new level.

[BitFinnese]

I think it could reach 1500$ in 2017

Well i think it will too.  This is the prediction of some bitcoin veterans.  They said that price will reach 1500 at the end of the year.  Their reason is people fleeing from their local currency.  They also observed that there are lots of fresh fund from the newcomer in Bitcoin.  So definitely bitcoin is being adopted by people.  There are also companies that are looking and getting interested in Bitcoin.  With this factor I think it is possible to reach 1500 this year.

[Taki]

The bitcoin in 2017 will be used more and will get more popular too so that is just great, it has such a good future.

Yes, that's correct. I think in this year some countries will accept necessary laws to regulate bitcoin. I am not sure what it's going to bring to us, now we use bitcoin freely, who knows what is going to be after laws be accepted?

[Babayega31]

I think it could reach 1500$ in 2017

Well i think it will too.  This is the prediction of some bitcoin veterans.  They said that price will reach 1500 at the end of the year.  Their reason is people fleeing from their local currency.  They also observed that there are lots of fresh fund from the newcomer in Bitcoin.  So definitely bitcoin is being adopted by people.  There are also companies that are looking and getting interested in Bitcoin.  With this factor I think it is possible to reach 1500 this year.

Bitcoin in 2017 will be a better investments this time because more people were now be using this time and demand will be striking up again and the price will rise again after its downfall because of many buyers who believe in profits of bitcoin and they hold it for better. I do hope its not just an speculation, but being positive for a possibility that it will make higher price history this year.

[Febo]

Banking on Bitcoin” Film Released in Hopes of Attracting Millions of New Users

Films or series that discuss cryptocurrencies are vital to bringing about awareness and ultimately mainstream adoption, says Zach LeBeau, producer and mastermind behind both the SingularDTV decentralized entertainment platform and a soon-to-be crowdfunded Singular television series.

SingularDTV is a Blockchain entertainment studio, smart contract rights management platform and video on demand portal that places intellectual property in the form of film, television and software projects onto the Ethereum Blockchain.

LeBeau believes film projects are a sure way to spread the message of cryptocurrencies such as Bitcoin, a borderless, permissionless currency controlled by no government.

Zach LeBeau mentions their new project, “Banking on Bitcoin,” a film that covers the digital currency as the most disruptive invention since the Internet:

The film, which according to its makers took three years to make, has an in-depth coverage of key players in the space including Charlie Shrem, Cameron and Tyler Winklevoss, Barry Silbert, Erik Voorhees, Nathaniel Popper, Alex Winter among others. They share their thoughts on how the revolutionary cryptocurrency technology will shape lives.

The documentary was released in select theaters and VOD on Jan. 6.
Other films on crypto

Other films and TV shows that have been produced in the last few years with the digital currency featuring include the 2015 American crime comedy-drama, “Dope,” “Mr. Robot,” “Deadpool,” “Deep Web” and recently, “StartUp,” which is built around the use of digital currency on a business scale. There is also “Bitcoin: The End Of Money As We Know It” which traces the history of money from the ancient world to the trading floors of Wall Street.

On its path to an all-time high earlier this year, the top digital currency gained more interest in the popular media with known publications and broadcasting stations covering the development.

Ha I am gonna watch this tonight.  Did not noticed it exist. I guess there will not be anything surprisingly new in it, but I am sure will be nice movie to advise to watch first for newcomers.

I guess there wil be just more and more movies about Bitcoin or at least part of it dedicated to Bitcoin and on general decentralised blockchains.

[BellaBitBit]

Absolutely bitcoin price and awareness will increase in 2017. I predict we will kill the all time high and push towards the 2k range. The latest run-up got a lot of new people involved due to FOMO. 2017 will be a great year for bitcoin on many levels.

[OROBTC]

$11 Trillion Bet: DTCC to Clear Derivatives With Blockchain Tech

The Depository Trust & Clearing Corporation (DCTT) has selected a series of firms to help integrate distributed ledger technology into its first large-scale, real-world application.

In the single, complex deal involving a distributed ledger consortium, a stock exchange, a tech startup, a legacy computer firm and an international collection of bulge bracket banks, the post-trade financial services company has begun the process of moving a significant part of its $1.5qn-worth of transaction workflow to a distributed ledger network.

With a contract announced today, IBM will help manage the process of moving $11tn worth of credit derivatives to a custom distributed ledger built by VC-backed startup, Axoni, under the advisement of banking consortium R3CEV.

The CEO of the DTCC's derivatives service subsidiary, Chris Childs, explained to CoinDesk how a network of nodes run by the counterparties of a transaction will be linked together to not only streamline post-trade processes, but save money as well.

Over the course of the next year, the partners will work collaboratively to "re-platform" the DTCC's existing Trade Information Warehouse (TIW) for post-trade processing to a distributed ledger custom-built for cleared and bilateral credit derivatives.

For an idea of the scale of this operation, the TIW covers all major global derivatives dealers and 2,500 buy-side firms in 70 countries, according to DTCC data.

The DTCC hasn't shared the exact amount of money it believes could be saved by moving the transactions to a blockchain or distributed ledger, but a 2015 report by Santander estimated the global savings to banks more generally speaking could be as high as $20bn a year.

If this first large-scale implementation of a distributed ledger proves successful, there’s plenty of room to expand. The entire global credit derivatives market in 2016 was $544tn, according to the Bank for International Settlements, much of which is processed by the DTCC.

That's a very interesting piece of news there, logic-bet, thanks for posting it.

DTCC is an opaque and largely unknown company that is at the heart of the financial system.  Here is a clip from the wikipedia page:

"The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It provides a way for buyers and sellers of securities to make their exchange in a safe and efficient way. It also functions as a central securities depository by providing central custody of securities."

https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation

"Clearing and settlement services" are a perfect data set for DTCC and a blockchain.  DTCC is extremely important, note that they had issues during a NYC storm (hurricane) a few years ago, they now have a backup site.  A blockchain looks to be very smart.  And $20bn ain't peanuts!