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Author Topic: Every time a entity becomes dependent on Bitcoin, the more viable it becomes.  (Read 750 times)
Anonymous
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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
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July 20, 2011, 03:04:37 AM
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July 20, 2011, 04:02:19 AM
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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.
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