CNNMoney - Where did bitcoin go wrong?

[fathur01]

"Virtual currency is the future, there's no doubt about that"

Bitcoin is just a step along the way according to them.

They discuss where bitcoin may have gone wrong (quite interesting actually) :

http://www.youtube.com/watch?v=GYJdOiLqSxE

[rampage101]

Bitcoin is still over 90% of the market cap for all crypto-currencies... let's start the discussion again when it's below 80%.

Interesting that he is hyper bullish on crypto currencies.

The "get rich kids" are propping up the price he says lol.

[Elwar]

The "get rich kids" are propping up the price he says lol.

Damned kids and their getting rich...

[Elwar]

He is right about businesses not holding them on their books.

There is just not any software that makes it easy for a business to hold bitcoins unless it is a small business where one person can control the money.

We need multi sig software that allows a department to have funds which trickle down to an employee being able to pay for things that they currently pay for by writing a check or getting permission from their boss to pay for. It simply does not exist.

[cbeast]

"Get off my lawn you get rich quick kids!"

[Q7]

Can we take that as a buy signal?

[iTRADEbtc]

when big media starts fudding that means we are headed to the moon guys. Buckle up

[james martin]

Very interesting information.

"Virtual currency is the future, there's no doubt about that"

Bitcoin is just a step along the way according to them.

They discuss where bitcoin may have gone wrong (quite interesting actually) :

http://www.youtube.com/watch?v=GYJdOiLqSxE

[GailSan]

He is right about businesses not holding them on their books.

There is just not any software that makes it easy for a business to hold bitcoins unless it is a small business where one person can control the money.

We need multi sig software that allows a department to have funds which trickle down to an employee being able to pay for things that they currently pay for by writing a check or getting permission from their boss to pay for. It simply does not exist.

+1

Because right now BTC is almost useless for any mid to large sized business unless its automated payment for goods which is instantly
transferred to fiat.

[RappelzReborn]

Who are those twins that he is talking about them ? how the hell do they own 1% of bitcoins

[kanggoroo]

Real Richie Rich story in this World 
Ok Kids , buy again and alot please hahahaha.
I wonder how many BTC their parents have ? Like father like sons.

[Elwar]

Who are those twins that he is talking about them ? how the hell do they own 1% of bitcoins

Winklevii

[segvec]

Who are those twins that he is talking about them ? how the hell do they own 1% of bitcoins

Winklevii

LOL.
You crack me up...

The voss'...true businessman.
Cornered 1 percent of btc; amazing accomplishment.

[CIYAM]

We need multi sig software that allows a department to have funds which trickle down to an employee being able to pay for things that they currently pay for by writing a check or getting permission from their boss to pay for. It simply does not exist.

I think that we need an entire new way of working that fits in with the decentralised nature of Bitcoin - CIYAM Open is a vision for this (with Project Managers who pay Contributors to deliver Project Tasks and where there is no formal "job" at all).

I had read an article by a "futurist" around the same time I was learning about Bitcoin who thinks that "in the future people won't have jobs" but will contribute their skills to many different projects as small paid tasks.

[EvilPanda]

Can we take that as a buy signal?

I've been hearing about "buy signals" whole year.

Every day I read bitcoin news it feel like I should buy more, then I look at the charts and think "wtf is going on?!"

[jonald_fyookball]

Can we take that as a buy signal?

I've been hearing about "buy signals" whole year.

Every day I read bitcoin news it feel like I should buy more, then I look at the charts and think "wtf is going on?!"

People that understand Bitcoin are already "in".  We have to wait until the next big wave.
But when it comes, it might be huge and sudden.  That's why you just have to hold
and be patient. 

[bbit]

"Get off my lawn you get rich quick kids!"

hahaha so much this ^^ .

[madmadmax]

Bitcoin was in a bubble multiple times, mostly due to the ignorance of the masses.

[lordbaltimore]

The media said the same 25 yrs ago about the internet just a phase being used and hyped by speculaters

[sublime5447]

He is right... old man gets it, retards here dont

"it is not going to take over the world"   

"There is no there there" 

"more people in kuwait frequent fliers club"

Greedy tech kids.