Bitcoin Forum
May 08, 2024, 03:59:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Every time a entity becomes dependent on Bitcoin, the more viable it becomes.  (Read 868 times)
Anonymous
Guest

July 20, 2011, 02:00:07 AM
 #1

Let's look at Mt. Gox. If Bitcoin goes to zero how well-off will they be? They achieve large profits through the Bitcoin market and now they have nothing but incentive to make sure Bitcoin succeeds. I am sure there are at least one or more entities that are highly dependent on Bitcoins for success. The more of these that are achieved, the more they will put money and effort towards building bitcoin and the stronger it will grow.

It is this effect that assures me even more that Bitcoin has a bright future ahead. It can get knocked down but it will get up again with ease.

http://www.youtube.com/watch?v=2H5uWRjFsGc
1715183988
Hero Member
*
Offline Offline

Posts: 1715183988

View Profile Personal Message (Offline)

Ignore
1715183988
Reply with quote  #2

1715183988
Report to moderator
1715183988
Hero Member
*
Offline Offline

Posts: 1715183988

View Profile Personal Message (Offline)

Ignore
1715183988
Reply with quote  #2

1715183988
Report to moderator
1715183988
Hero Member
*
Offline Offline

Posts: 1715183988

View Profile Personal Message (Offline)

Ignore
1715183988
Reply with quote  #2

1715183988
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715183988
Hero Member
*
Offline Offline

Posts: 1715183988

View Profile Personal Message (Offline)

Ignore
1715183988
Reply with quote  #2

1715183988
Report to moderator
Serge
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


View Profile
July 20, 2011, 03:04:37 AM
 #2

repentance
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
July 20, 2011, 04:02:19 AM
 #3

MtGox is a shocking example.  Their repeated and inexcusable fuck-ups over the last couple of months have almost certainly lost Bitcoin a significant number of existing and potential users.  Also, the exchanges have a vested interest in Bitcoin being perceived as and traded like a commodity rather than used as a currency - I'm not sure that counts as "success" in terms of Satoshi's vision.

All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!