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Author Topic: For those of you worried about bitcoins  (Read 610 times)
erdab
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June 26, 2011, 07:11:57 PM
 #1

Just a simple opinon on why bitcoins are not so dangerous. Bitocoin is like a giant decentrialized paypal. its secure, its accepted as online payment, and it can be converted back and forth between cash. however there are differences. Bitcoin is not regulated, its even more private than Paypal, and its not a buisness.
 the main reason Bitcoin shouldnt fail is because there is money put into the system by people buying things with bitcoins, and buying bitcoins with cash. most people dont want to lose money, so they wont sell bitcoins below a certain price, and as more buisnesses accpet bitcoin, the currencys lowest price will go up due to the value of the products you can buy with bitcoin.

so as long as buisnesses accept bitcoin, and dont accept lower prices, than the price should remain stable.
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honeymoney
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June 27, 2011, 12:43:44 AM
 #2

Perhaps you should trade using bitcoin.  This is how you will convince businesses to deal in bitcoin, by stabilizing the economy.  Put up something of your own and convert for BTC.

I'm trading fresh honey I helped harvest, soon to have my own hives by next year.  I've traded 5 jars so far, all happy people who got a sweet reward for their mining.

By this time next year I plan to have a label and a full business based around this kind of exchange. There's a lot of "soft skills" being traded at the moment on boards but I think people need to dig deeper and start putting physical goods on the table for this to grow further. I know it's hard to get into the economy, but ultimately, people have to be willing to start moving things of value and taking risks instead of trying to "game" their way into the system. 



ryanender
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June 27, 2011, 12:50:31 AM
 #3

We just put up a site today dealing in physical goods.  WhimsyBags.com.  We'll see how it goes...  Embarrassed

RyanEnder
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