precrime3
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April 03, 2014, 07:54:59 PM |
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I believe more major companies will need to adopt it before price can rise again. Also more countries will need to lift there ban on BTC and actually give it a chance. I think IRS needs to revise there taxing statement as it prohibits daily transactions. As much as this breaks the purpose of BTC, I think a central figure will be needed to further legitimize bitcoins. It could still be decentralized with owners of coins have a certain percentage power based on there amount of coins, with no one have no more than 1% voting power. So in summary: More backing, more repuation, more trust is needed for price to rise. Also, consumers must feel safe using it and not be burdened with setting up a wallet.
My $0.02
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