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Author Topic: Bitcoin value in January 2013  (Read 15049 times)
BigCpuMiner
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December 07, 2011, 12:51:57 AM
 #21

I am talking not about giant companies. I am talking about relatively small websites. User auditory of 10 million people is enough to launch bitcoin killer.

Why would they do that? What makes Bitcoin, would be destroyed in the process IMHO. First, probably centralized network, so, controlled. Two, being a company, they would have to play by big gov rules. Three, given one and two, how that creation would be different from dollars and make users jump on it? If you like getting screwed, there is PayPal there for you.

Part of appeal of Bitcoin comes from the fact that this is basically a guerilla network, uncontrolled, no masters, no fear, everyone is equal and has equal opportunity to profit from this system. Nobody can shut you off from your resources, nobody knows how much you have and how you spend it. Proprietary currency would have none of it.



First - not exactly. Centralized only emission. Company will just sell all initial coins. To the end uses (not miners) this is don't play any role. Then - decentralized use on bitcoin principles.

Second - different countries, different rules. Big company always can find country that can support such thing.

English is not my native language.
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cbeast
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December 07, 2011, 02:54:40 AM
 #22

I wonder what would happen if MS, Sony, and Nintendo develop crypcoins that run on their nextgen systems.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
netrin
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December 07, 2011, 05:22:53 AM
 #23

But they simply won't. Suppose it was popular and kids accepted untraceable PlayStationCoins selling pictures of their sister - or more nefarious business. Any/every corporate legal team would ensure it's a non-starter.

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December 08, 2011, 03:12:30 PM
 #24

Netrin is right, no mainstream company like Sony, MS or even Facebook are going to make a currency capable of being what Bitcoin is. The most they can do is make an internal or partially internal credit system. I wouldn't worry about competition from mainstream company currencies.
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November 29, 2013, 02:53:14 AM
 #25

It's fun revisiting old topics. So much has changed since the initial guesses.

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DustyRah
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November 29, 2013, 03:39:04 AM
 #26

Well, I was wondering what the heck this $5/BTC and $2.5/BTC these guys were talking about and finally realized its two years old...A LOT HAS CHANGED!
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November 30, 2013, 06:45:50 PM
 #27

Hello mufa23,

I would like to ask you something privately.
Could you please PM me an e-mail address through which I may contact you?
For some reason I am not allowed to send a PM on this message board.

Hope to hear from you soon!
Tron
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May 07, 2014, 06:35:19 PM
 #28

Came here looking for the price in Jan 2013, and found speculation that it might be $5.00 or $2.50.

Wow!


Velkro
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May 07, 2014, 06:47:24 PM
 #29

easy your hairy Wink, this will all tune itself

Chemistry1988
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May 07, 2014, 07:25:55 PM
 #30

Came here looking for the price in Jan 2013, and found speculation that it might be $5.00 or $2.50.

Wow!



Don't forget the bitcoin price back then in late 2011 was around $2 - $5. Wink
https://blockchain.info/charts/market-price?showDataPoints=false&show_header=true&daysAverageString=1&timespan=all&scale=1&address=

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