BTCat
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March 08, 2014, 04:59:04 PM |
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These are the early stages for banks getting involved in bitcoin, and the industry as a whole is hesitant in getting involved before regulators weigh in, says Silbert, the Secondmarket founder. “Banks are waiting for clearer guidance at the federal level on how businesses are having interactions with bitcoin and there is still some questions on the state level,” http://blogs.marketwatch.com/thetell/2014/03/07/major-banks-are-looking-at-bitcoin/ |
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bountygiver
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Activity: 100
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March 08, 2014, 05:54:36 PM |
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I doubt wall street will ever get involved because wall street has enough money to just turn around, create a bitcoin version where they are the early adopters, and push it on the masses.
There is zero interest in them making us stupidly rich, when they could do it themselves and for themselves.
Everything that bitcoin is great for, can be copied (has been copied multiple times)
Wall street can spend billions of dollars developing and marketing an alternative which will make them money, and they can integrate it with their own payment processing systems such as visa.
Besides, to the average person on the street bitcoin means anarchy, silkroad, scams and failed exchanges.
This That's why the community has been so eager to push it for mainstream adoptation. Those guys have more money and resources than we do, although they haven't start the race they can catch up fairly easily, so we need to get as much advantage with our head start as possible. |
12dXW87Hhz3gUsXDDCB8rjJPsWdQzjwnm6
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rokkyroad
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Activity: 1090
Merit: 1000
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March 08, 2014, 06:05:20 PM |
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Democracy/socialism are very clever smoke screens.
It is still the master/slave system that has always existed. It has only evolved.
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" If you have to spam and shout to justify your existence then you are a shit coin." TaunSew
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Soros Shorts
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Activity: 1617
Merit: 1012
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March 08, 2014, 06:33:35 PM |
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The US is not a democracy. Never was.
bull. SHIT It's a republic. I pledge Allegiance to the flag
of the United States of America
and to the Republic for which it stands,
one nation under God, indivisible,
with Liberty and Justice for all. |
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CurbsideProphet
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March 08, 2014, 06:57:59 PM |
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How come communist country like China massivelly jumped in on the bitcoin wagon already and modern and democratic country like US is still (mostly) taking their sweet time?
Where is Wall Street, where are the big money? Right now China is driving the price up for second time and we see little to no action from US capitals.
Kinda can't figure it out?
Someone not long ago, I think it was BofA, did a valuation on Bitcoin. I think they came away at something like $1500-$1600. I'll try and locate the article. |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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CurbsideProphet
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March 08, 2014, 06:59:51 PM |
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1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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BruceFenton
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March 09, 2014, 01:44:44 PM |
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Wall St. is quietly getting in and will be doing more on this.
We are working on some things and others are as well.
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Beliathon
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March 09, 2014, 02:10:15 PM |
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Fear of the unknown. Most people still think Crypto is a gamble.
They could not be more wrong.
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MrPiggles
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Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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March 09, 2014, 02:10:32 PM |
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Wall St. is quietly getting in and will be doing more on this.
We are working on some things and others are as well.
haha |
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andyBernard
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Merit: 11
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March 09, 2014, 02:20:52 PM |
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The US is not a democracy. Never was.
so, true. most idiots (including many in government) don't know it is a constitutional republic ... besides, democracies can end up be mob rule and dangerous to the minority (just look at the arab "spring") |
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amspir
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March 09, 2014, 02:33:58 PM |
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The Chinese population is attracted to bitcoin because they see it as a better alternative to the obvious government control of the official currency.
The main reason that bitcoin holds value is that long-term speculators see that bitcoin has value as a widely-used currency. Bitcoin volatility will reduce once its use as a medium of exchange becomes more widespread. As the volume of transactions is due to people actually buying goods and services with bitcoin rises in comparison to the transactions due to speculation, then Wall Street becomes more interested.
I think bitcoin has sufficient value to not go worthless. Wall street might fear that the US government might outlaw bitcoin in some way, such as making it illegal to buy bitcoin in its jurisdiction, on par with buying drugs or gambling. At this point, the only reason to use bitcoin would be to buy drugs or gamble online, but there would still be demand. Instead of public exchanges that would restrict your participation due to being a US citizen, you would hookup with your local underground bitcoin dealer that exchanges between fiat and bitcoin. I see the situation being like alcohol prohibition -- eventually public pressure would force an end to the prohibition, since the argument can be made that an uncontrolled underground bitcoin economy would be more harmful to the country than a semi-regulated controlled economy.
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Ytterbium
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March 09, 2014, 02:58:45 PM |
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Bitcoin is more popular in the US then in China.
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bitjoint
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Activity: 333
Merit: 250
Commander of the Hodl Legions
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March 09, 2014, 03:04:17 PM |
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Bitcoin is more popular in the US then in China...
..., yet the Chinese move 70% of the market. And it is "limited"! imagine a bitcoin w/o limitations in China... oh boy, we can just dream of that... |
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sanjoea
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March 09, 2014, 03:16:32 PM |
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Yes bitcoin is not popular in most of the countries, even people who are working full time work in internet are not known about bitcoin
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bitjoint
Sr. Member
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Activity: 333
Merit: 250
Commander of the Hodl Legions
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March 09, 2014, 03:39:05 PM |
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Yes bitcoin is not popular in most of the countries, even people who are working full time work in internet are not known about bitcoin
Not only that, most of those online workers still don't "buy" the concept, even having a "techie" profile. Bitcoin clearly needs a killer app that abstracts its use enough to make it mainstream, like Android has done with the Linux Kernel, I mean just 0,1% of Android users know they're running a Linux flavour in their pocket... People (mainstream people, not us) don't want to know about private keys, blockchain and shite. We just need to give them an idiot-proof app/system that gives them the benefit of lower fees, fast transactions, deflationary prices, etc... And we all know that an app like that will come, but we still don't know from where it will pop-up... It'll be like this FlappyBird game thing: it will catch us off-guard, it'll spread like fire over gunpowder, like a black swan... and then bitcoin will explode. Rest assured...  Only after that, WallStreet will jump in, but it'll be prob "too late".. |
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amspir
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Merit: 10
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March 09, 2014, 04:02:16 PM |
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Bitcoin clearly needs a killer app...
Bitcoin's killer app is simply taking Paypal's and VISA/Mastercard's business by being cheaper and more reliable. |
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bbeagle
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March 09, 2014, 04:53:57 PM |
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Bitcoin clearly needs a killer app...
Bitcoin's killer app is simply taking Paypal's and VISA/Mastercard's business by being cheaper and more reliable. Lol. More reliable? Nothing can be further from the truth. Cheaper? Not with the fluctuations of the value of bitcoin. |
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CryptoPanda (OP)
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March 10, 2014, 08:03:05 AM |
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Yes bitcoin is not popular in most of the countries, even people who are working full time work in internet are not known about bitcoin
Not only that, most of those online workers still don't "buy" the concept, even having a "techie" profile. Bitcoin clearly needs a killer app that abstracts its use enough to make it mainstream, like Android has done with the Linux Kernel, I mean just 0,1% of Android users know they're running a Linux flavour in their pocket... People (mainstream people, not us) don't want to know about private keys, blockchain and shite. We just need to give them an idiot-proof app/system that gives them the benefit of lower fees, fast transactions, deflationary prices, etc... And we all know that an app like that will come, but we still don't know from where it will pop-up... It'll be like this FlappyBird game thing: it will catch us off-guard, it'll spread like fire over gunpowder, like a black swan... and then bitcoin will explode. Rest assured... Only after that, WallStreet will jump in, but it'll be prob "too late".. Very interesting view, any ideas about this app?  |
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rohnearner
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March 10, 2014, 09:03:54 AM |
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Yes bitcoin is not popular in most of the countries, even people who are working full time work in internet are not known about bitcoin
They know about it..! most of them they surely do but i guess they are little afraid of jumping into it..! |
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CryptoPanda (OP)
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March 10, 2014, 01:05:20 PM |
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Yes bitcoin is not popular in most of the countries, even people who are working full time work in internet are not known about bitcoin
They know about it..! most of them they surely do but i guess they are little afraid of jumping into it..! most people are so ignorant, that even when opportunity slaps them in the face multiple times they still think it's a pigeon shitting on them or something |
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