Has anyone coined this term yet: Bitcoin Squatting

[BayAreaCoins]

Anyone thing this will be a big word in the future?

 I see people cry about Cyber Squatters all the time, but could we see governments try to enforce laws to prevent "Bitcoin Squatters".

[BayAreaCoins]

Define how it would apply to Bitcoin.

Buying bitcoins to sell to someone at a later date for a higher price due to artificially drying up the supply (isn't that squatting too?)

Imagine how dangerous it could potentially be if like Overstock kept 100% of their Bitcoins.  Rather than relying on Bitcoin you could potentially be relying on a major corporation.  The Bitcoin bid is so thin... if major companies believe in bitcoin I think it would be best if they would sell the coins and supply a "ass end" for bitcoin via fiat on the bid or offering private buys.  

I think it artificially inflates the price to a extent as well when people are Bitcoin squatters.  I know I don't sleep any easier knowing that so many not really impressive people cyber squat such a large percent, but part of it!

(Mind you I'm all for harder work for more pay rather than demanding people sell their property if they are holding it for profits.)

[cbeast]

The only Bitcoin squatters I'm aware of are with Intersango 

[Q7]

Define how it would apply to Bitcoin.

Buying bitcoins to sell to someone at a later date for a higher price due to artificially drying up the supply (isn't that squatting)

Cybersquatting

the practice of registering names, especially well-known company or brand names, as Internet domains, in the hope of reselling them at a profit.

Not sure if i would call that bitcoin squatter but i would rather refer to them as bitcoin trader
Also i don't see a link between both

[Spoetnik]

pretty much like other terms in use.. Bag holder ?

i woudl imagine that you would need to have a specific intention..
i'm thinking it would be so other can NOT have them and not for a sell at a profit later..
this other thing i think is just called trading.

am i squating on stocks of Apple shares ?

[jonald_fyookball]

Define how it would apply to Bitcoin.

Buying bitcoins to sell to someone at a later date for a higher price due to artificially drying up the supply (isn't that squatting too?)

Imagine how dangerous it could potentially be if like Overstock kept 100% of their Bitcoins.  Rather than relying on Bitcoin you could potentially be relying on a major corporation.  The Bitcoin bid is so thin... if major companies believe in bitcoin I think it would be best if they would sell the coins and supply a "ass end" for bitcoin via fiat on the bid or offering private buys.  

I think it artificially inflates the price to a extent as well when people are Bitcoin squatters.  I know I don't sleep any easier knowing that so many not really impressive people cyber squat such a large percent, but part of it!

(Mind you I'm all for harder work for more pay rather than demanding people sell their property if they are holding it for profits.)

It may be 'dangerous' now that the Bitcoin market is so small (only a few billion).  In the future, the market capitalization
will be so big that no one will be able to own that much of the market, except early adopters who are already
holding...and if they sell, it would just mean more supply temporarily.

[BayAreaCoins]

It may be 'dangerous' now that the Bitcoin market is so small (only a few billion).  In the future, the market capitalization
will be so big that no one will be able to own that much of the market, except early adopters who are already
holding...and if they sell, it would just mean more supply temporarily.

I think it could actually steer companies away from Bitcoin in the future. 

It would be dangerous for a Overstock competitor to accept BTC if Overstock had a huge control of it.

Well the thought is they sell so that someone else who needs a way to transfer money in the world could have a chance to buy Bitcoin at a reasonable fee rather than a hugely inflated price caused by a huge corporation. 

Would the government max Overstocks gains or tax the fuck out of them if the earned over say like 10% from market increase in order to protect consumers around the globe.

Not saying I support this thought, but is is a thought.

[jonald_fyookball]

I think you're overly concerned for naught.

Same thing can (and does to an extent) happen with Gold.
Bubbles (and reverse bubbles) occur in markets.

Deal with it 

[Buffer Overflow]

Define how it would apply to Bitcoin.

Buying bitcoins to sell to someone at a later date for a higher price due to artificially drying up the supply (isn't that squatting too?)

Ignoring the drying up supply part, do you class any fiat you have in a bank account, "fiat squatting"?

I call it "saving".

[BayAreaCoins]

Define how it would apply to Bitcoin.

Buying bitcoins to sell to someone at a later date for a higher price due to artificially drying up the supply (isn't that squatting too?)

Ignoring the drying up supply part, do you class any fiat you have in a bank account, "fiat squatting"?

I call it "saving".

But are you saving fiat because you think it will go to the moon or are you saving it because you are actively using it in your day to day life?

[BayAreaCoins]

Imagine how dangerous it could potentially be if like Overstock kept 100% of their Bitcoins.  Rather than relying on Bitcoin you could potentially be relying on a major corporation.  The Bitcoin bid is so thin... if major companies believe in bitcoin I think it would be best if they would sell the coins and supply a "ass end" for bitcoin via fiat on the bid or offering private buys.  

I think it artificially inflates the price to a extent as well when people are Bitcoin squatters.  I know I don't sleep any easier knowing that so many not really impressive people cyber squat such a large percent, but part of it!

You seem to be kind of scared of the free market.

I'm not. Bitcoin is either superior money or it's not. The rest of the story will unfold over time and there is little you or I can do to change that.

I'm what you would call a "Bitcoin squatter". It's about the only asset on the planet that gives me complete control. I don't know why I should give that up so you can sleep easier.

Free markets make me cum my pants tbh.

I'm trying to plan on how these government dick weeds are going to handle this for consumers because I saw the issue with it back during Silk Road 1 and I could see it developing with a more legit company potentially.

I've been fucking with domains a little bit over the past month and hear about "cyber squatters" all the time. Then I was thinking what if everyone in the world uses Bitcoin (or as many as on the internet.)

[jonald_fyookball]

well, there is , I think, going to be a different dynamic with a scarce
asset.  That's the whole deflationary currency thing.  People will be
encouraged to save and only buy what is necessary.  Of course,
the flip side could be that there's too much saving and not
enough spending, so we don't know whether its the right
monetary policy.  Time will tell.

[cuddaloreappu]

its called hoarding!!!

[cbeast]

its called hoarding!!!

erm you mean Hodling.

[BayAreaCoins]

its called hoarding!!!

erm you mean Hodling.

Squatting

[jonald_fyookball]

its called hoarding!!!

erm you mean Hodling.

Squatting

Squatting really has an undeserved negative connotation, IMO.
What's wrong with registering a domain as an investment?

Squatting in the real world is wrong only because it was
never your house to begin with , but if you are paying
the domain registration fees, then I dont see a problem.

[Elwar]

Like dollar squatters. People who buy dollars and hold them for a long time.

The usual responses of...a whole country could run their economy on 1 bitcoin.

And this:

[Buffer Overflow]

Define how it would apply to Bitcoin.

Buying bitcoins to sell to someone at a later date for a higher price due to artificially drying up the supply (isn't that squatting too?)

Ignoring the drying up supply part, do you class any fiat you have in a bank account, "fiat squatting"?

I call it "saving".

But are you saving fiat because you think it will go to the moon or are you saving it because you are actively using it in your day to day life?

I'm saving it because I have nothing I particularly want to buy at the moment. I'm not going to just spend it for the sake of it.
This applys to both my fiat and bitcoin savings.

[lilin321]

Anyone thing this will be a big word in the future?

 I see people cry about Cyber Squatters all the time, but could we see governments try to enforce laws to prevent "Bitcoin Squatters".

yes  we see  the goverments try to cnforce the BTC like China \ Russia etc.

[pattu1]

People who buy and hold bitcoins are not squatters.
They are true believers.