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MakeBelieve
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February 01, 2014, 12:10:29 AM |
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BTC needs to boom fast, to attract more investors.
That's true it will attrack investors to buy cheap and sell high. |
On a mission to make Bitcointalk.org Marketplace a safer place to Buy/Sell/Trade
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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tinus42
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February 01, 2014, 01:34:11 AM |
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The whole world can't start using BTC tomorrow.
What is the solution?
There is no a solution. The scalability issue can't be fixed without a hard fork. Why hasn't this been done yet? It's better to be ahead of the curve rather than wait for problems to appear later on. |
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empoweoqwj
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February 01, 2014, 02:59:35 AM |
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Right, but housing was also fueled by bad lending practices, and housing is apples and oranges compared to bitcoin, a more apt comparison is dutch tulips if you wanted to make it, of course BTC will bubble, its not the top you should look at for BTC health, its the floor, and the floor seems to be doing great by all accounts, the last crash saw the floor at 400+
Apparently even the famous "tulipomania" may have been driven to a large extent by the Dutch government changing laws governing such contracts (see http://en.wikipedia.org/wiki/Tulipomania#Modern_views). Most of these large historical bubbles are where the government had a hand in distorting the market, like the recent 2008 mortgage bubble. Bitcoin is interesting in that the bubbles seem to reflect the bubbly enthusiasm, but without government driving it (so far as we know). This is a people's bubble  |
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davidpbrown
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February 01, 2014, 09:10:05 PM |
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If merchants for a while switch coins received for fiat, then spending your Bitcoins is the answer.
If Bitcoin takes off, it'll be because there is more ready access to buy; and if then there are places to spend and people spending to match that new income, then the price will not rise as quickly as it might with only buyers. So, perhaps wealthy developers and miners and then others with lots of coins, really should spend as many as they can afford to early on in that rise - and ideally relative to where they came in.
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฿://12vxXHdmurFP3tpPk7bt6YrM3XPiftA82s
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empoweoqwj
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February 02, 2014, 03:48:16 AM |
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If merchants for a while switch coins received for fiat, then spending your Bitcoins is the answer.
If Bitcoin takes off, it'll be because there is more ready access to buy; and if then there are places to spend and people spending to match that new income, then the price will not rise as quickly as it might with only buyers. So, perhaps wealthy developers and miners and then others with lots of coins, really should spend as many as they can afford to early on in that rise - and ideally relative to where they came in.
Except nobody has the right to tell anyone else what to do with their personal finances or investment decisions  |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 02, 2014, 03:58:10 AM |
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It always cracks me up when people think the free market needs to be manged. The relative success of Bitcoin over Ripple where Ripple Labs essentially acts like a central bank, is evidence that active management is a net negative. Adoption means price increase which means more hashing power. It self regulates. Almost anyone with an incentive to harm the network has a larger incentive for it to succeed.
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insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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JY7510
Newbie
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Activity: 5
Merit: 0
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February 02, 2014, 04:59:47 AM |
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Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.
FTFY. Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving. There are many road traffic accidents caused by men gawping at women on the side of the road. As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah" Bitcoin. |
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jubalix
Legendary
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Activity: 2618
Merit: 1022
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February 02, 2014, 06:19:55 AM |
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The whole world can't start using BTC tomorrow.
What is the solution?
There is no a solution. The scalability issue can't be fixed without a hard fork. even with a hard for how would it be done, also how well does NXT scale??? |
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atc1
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February 02, 2014, 06:32:37 AM |
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Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.
FTFY. Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving. There are many road traffic accidents caused by men gawping at women on the side of the road. As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah" Bitcoin. Lol,what?  |
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JY7510
Newbie
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Activity: 5
Merit: 0
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February 03, 2014, 10:26:25 PM |
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Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.
FTFY. Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving. There are many road traffic accidents caused by men gawping at women on the side of the road. As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah" Bitcoin. Lol,what? It was a warm summer's eve. I was out for a drive. Then I saw this stunning woman whose legs seemed to glow. It was as if they were speaking to me, "Come to me, I will open for you." Next thing I know, my tie rod is bent and my FR tire is shredded; I hit the curb. Nutshell version: 1. Pretty girl 2. I got distracted 3. Car blew up 4. Lols all around |
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empoweoqwj
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February 04, 2014, 09:53:26 AM |
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Boobs are good. It's the crashes that follow that are bad. Or not depending on how you take advantage of the situations.
FTFY. Ha. What crashes are bad with boobs? Unless you lose concentration whilst driving. There are many road traffic accidents caused by men gawping at women on the side of the road. As humiliating as it is to admit, that definitely happened to me. It was her legs; she had very nice legs. Nearly ran the bitch over. Would have been boss if I got her number: "Hey, I nearly killed you. This is crazy. Here's my numblah blah blah" Bitcoin. Lol,what? It was a warm summer's eve. I was out for a drive. Then I saw this stunning woman whose legs seemed to glow. It was as if they were speaking to me, "Come to me, I will open for you." Next thing I know, my tie rod is bent and my FR tire is shredded; I hit the curb. Nutshell version: 1. Pretty girl 2. I got distracted 3. Car blew up 4. Lols all around Not sure you should be on the road lol. Pretty girls are everywhere |
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bryant.coleman
Legendary
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Activity: 3654
Merit: 1217
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February 04, 2014, 10:03:02 AM |
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I don't think that BTC is booming too fast. The current market cap ($12 b USD) is no way near the market-share of Visa / Master, or even that of Paypal / WU. I think BTC is quite cheap at current levels.
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Lethn
Legendary
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Activity: 1540
Merit: 1000
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February 04, 2014, 10:36:14 AM |
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Reading the thread, don't understand how it got into a conversation about attractive girls distracting you while driving O_O That said, I completely understand, I suspect that attractive girls are almost certainly the reason behind the statistics about young men crashing so often, it's just you'll never get anyone to admit it  I saw a girl with some fantastic boobs one time and even though I didn't crash I completely forgot to make a turn and was halfway down the road before I realised where the hell I was >_< The worse one for me is when it's a girl with massive boobs and she's jogging. Also, I actually think the price is stabilising now, we'll have to wait awhile longer for some news to try and shake things up but I haven't seen very much movement from Bitcoin, which is good news for me |
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