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Author Topic: This could REALLY get Bitcoin going  (Read 1508 times)
thebitcoinchannel (OP)
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June 18, 2011, 08:24:07 PM
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Global market for trading virtual goods reaches £1.8bn a year... more than the GDP of some countries

Read more: http://www.dailymail.co.uk/sciencetech/article-1375742/Global-market-trading-virtual-goods-reaches-1-8bn-year--GDP-countries.html#ixzz1Pf2Ek7NU

Think about it.  Most of the sites like Ige.com are already on the shady side due to the fact that most of the games they sell virtual currency for frown on the practice.  If any of IGE's competitors start taking Bitcoins, the rush will be on.

http://www.ige.com/

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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TKE406
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June 18, 2011, 09:58:38 PM
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Though I don't do much gaming, I can see how the idea would be just one more sector of commerce that BitCoin could easily penetrate.

Good stuff.
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June 18, 2011, 10:08:02 PM
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I've always thought the video game market will be among the 1st to widely accept Bitcoin.

Virwox is one obvious example that has good volume & sells and buys game currencies for BTC.

From a business perspective, big shots will probably want the price to have even a hint of stability before adding it as a routine payment option.

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thebitcoinchannel (OP)
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June 19, 2011, 01:18:39 AM
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In my opinion it's only a matter of time

killer2021
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June 19, 2011, 01:31:07 AM
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Totally agree.

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From a business perspective, big shots will probably want the price to have even a hint of stability before adding it as a routine payment option.

True and that is already starting to happen. There have been days where the price stayed between 19 and 20$/btc. Very easy to accept btc at that point.

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triforcelink
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June 19, 2011, 02:04:49 AM
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Totally agree.

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From a business perspective, big shots will probably want the price to have even a hint of stability before adding it as a routine payment option.

True and that is already starting to happen. There have been days where the price stayed between 19 and 20$/btc. Very easy to accept btc at that point.
imo a couple of days is not good enough, try several months or even years of price stability and THEN we will be talking

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June 19, 2011, 02:08:31 AM
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Totally agree.

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From a business perspective, big shots will probably want the price to have even a hint of stability before adding it as a routine payment option.

True and that is already starting to happen. There have been days where the price stayed between 19 and 20$/btc. Very easy to accept btc at that point.
imo a couple of days is not good enough, try several months or even years of price stability and THEN we will be talking

That kind of stability is a ways off.  At the start of 2013 there will still only be some 10,500,000 bitcoins in existence.  Of course, I'm making the assumption that bitcoin is still around and people want them.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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