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Author Topic: is this bad or good news?  (Read 4115 times)
LordSonjai (OP)
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March 13, 2015, 06:23:31 PM
 #1

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?
albert11
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March 13, 2015, 06:40:17 PM
 #2


which quote are you refering to ?

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rapsaodan84
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March 13, 2015, 06:41:37 PM
 #3

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

No chance it will really replace bitcoin, any attention is good news.
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March 13, 2015, 06:49:25 PM
 #4

Good news that publicity for bitcoin is always good no matter what. And there are not really bad news here, nothing we already didn't know.
While it is natural that bitcoin idea is attractive and big companies and governments are carefully observing it. But they can't really do something to stop bitcoin now, at least not openly, if IBM create their own 'bitcoin' it would be just considered 'corporate coin' and people do not like things like that.


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March 13, 2015, 06:56:30 PM
 #5

Good news that publicity for bitcoin is always good no matter what. And there are not really bad news here, nothing we already didn't know.
While it is natural that bitcoin idea is attractive and big companies and governments are carefully observing it. But they can't really do something to stop bitcoin now, at least not openly, if IBM create their own 'bitcoin' it would be just considered 'corporate coin' and people do not like things like that.


Ypu miss one important fact and that is most people have no idea how the monetary system is set up and why Bitcoin is different to say a government backed coin that you can print/make more of. I can see the news reports now saying this is the new safe digital currency, safe because we can control it not like Bitcoin which is too unstable etc etc.


I started a thread some time back to discuss what the authorities would probably do as Bitcoin becomes a threat. One of the obvious ones was for the government to make a fiat type coin they can control.....and here we are.


What's the saying if you can't beat them join them. Well they just did. Sorry if this sounds insulting but your point that it has positive influence on the price is like saying I want to make a few bucks but I don't care about the life my future children and family will live in.
unamis76
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March 13, 2015, 07:03:30 PM
 #6

It's neither good or bad, it's whatever. If they're going to make a coin, somebody with time and coins is going to screw them over and turn it into a pump and dump scheme. At least I hope someone does if the feds create a coin. It would be worth 0 satoshi in no time Cheesy
rapsaodan84
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March 13, 2015, 07:05:27 PM
 #7

It's neither good or bad, it's whatever. If they're going to make a coin, somebody with time and coins is going to screw them over and turn it into a pump and dump scheme. At least I hope someone does if the feds create a coin. It would be worth 0 satoshi in no time Cheesy

With a strong support from the "creators" of this coin it would be harder to convert it into a pump & dump.
bri912678
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March 13, 2015, 07:36:56 PM
 #8

It's neither good or bad, it's whatever. If they're going to make a coin, somebody with time and coins is going to screw them over and turn it into a pump and dump scheme. At least I hope someone does if the feds create a coin. It would be worth 0 satoshi in no time Cheesy

With a strong support from the "creators" of this coin it would be harder to convert it into a pump & dump.


If they create a coin pegged to the USD it's not much different than using a debit card. What's the point of that when the big debit card companies have already cornered the market?

IBM was discussing cloning Ethereum, but people would put more trust in the original devs coin because they can maintain it.
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March 13, 2015, 07:43:55 PM
 #9

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

Don't worry about this upcoming altcoin by IBM. It's not going to be able to compete at all with bitcoin. It may explode for the first couple of weeks, then allowing IBM to make a profit.
Once they do, I suspect it's going to be a Pump and Dump from there onward. IBM is a company looking to make a profit wherever it can, just remember that.

Shocked BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES Shocked
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March 13, 2015, 07:50:32 PM
 #10

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

Don't worry about this upcoming altcoin by IBM. It's not going to be able to compete at all with bitcoin. It may explode for the first couple of weeks, then allowing IBM to make a profit.
Once they do, I suspect it's going to be a Pump and Dump from there onward. IBM is a company looking to make a profit wherever it can, just remember that.



People on here are being naive. bitcoin is a tiny little niche while the FED and central banks has the full backing to not only create a coin but to MAKE it legal tender alongside making Bitcoin illegal. The average person will not need much bought media propoganda to lap this new digital money up, in fact it might not even get to voice an opinion, it will be tender and that's that.
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March 13, 2015, 08:03:36 PM
 #11

Big government teaming up with big corporation!
Makes me want to run. Sorry Sir, I vote no and I'll stick to my BTC.

I used to be a citizen and a taxpayer. Those days are long gone.
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March 13, 2015, 08:33:07 PM
 #12

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?


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March 13, 2015, 08:48:46 PM
 #13

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

No chance it will really replace bitcoin, any attention is good news.


This is right the more they will try to knock and down grade bitcoin the more people will look and that is only good news because once they look i doubt they will be looking away back towards the government and its regulations. It is said a lot but i believe it all publicity is good publicity so let them do whatever they want and we just keep going Smiley

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March 13, 2015, 09:29:04 PM
Last edit: March 14, 2015, 12:20:26 AM by Snipe85
 #14

You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.

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March 13, 2015, 09:44:25 PM
 #15

You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other gant the "government's innovations" are not.

True, but there is a large number of people who don't belong to any particular crypto community at the moment. With enough resources and marketing, it's conceivable that a government or corporation with deep pockets will be able to amass a community equal to or greater in size than that of Bitcoin's or Dogecoin's. It could be the US Government or it could be IBM, or Facebook, or Apple, or an existing bank. Bitcoin has had a very early head start and is unlikely to be toppled anytime soon but with that being said, such a scenario is far from impossible.
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March 14, 2015, 02:27:09 AM
 #16

I think it's a good thing. It gives credibility to the technology and the idea. Even if the Fed creates a copycat coin, we know that most of those haven't been successful so far (not as much as BTC) and it would likely only apply as a US alternative to the dollar, still allowing BTC to serve as a world crypto currency.

Competition isn't really bitcoin's problem, the world ignoring it would be the worst.

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March 14, 2015, 02:29:40 AM
 #17

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

No chance it will really replace bitcoin, any attention is good news.

Agree 100%
btw to main author, don't use caps its very hard to read
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March 14, 2015, 04:43:04 AM
 #18

I think, it is a good because this could be a news which rise overal awarness of cryptocurrency and bitcoin itself.
I am not sure if IBM is able to do what it is mentioned here, but I think it will be very dificult for them to make it alive. With IBM there is usualy not direct target, as they are looking for new business they are open for every new ideas.
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March 14, 2015, 04:45:11 AM
 #19

You can't simply make something new and be sure it will replace the old thing. They are forgetting one important thing: the community.
Just like Dogecoin isn't anything innovative or groundbreaking, but it is supported and on the other hand the "government's innovations" are not.


The community. Hahahahaha sorry that's a good one. So you think .000001 % or less of the world population will drive a new global currency.

Look if the FED implement a digital currency they can overnight make it tender alongside the dollar, kind of a digital version of it. To almost the entire world it will look smell and act like Bitcoin...so why wouldn't they just use it? Bitcoin will be made to seem like a dodgy old tech that was only used for drugs and isn't stable in price.


Why can't people see how much power the FED has if they want to pull this off? they print trillions of dollars, of they decided to make a trillion digital dollars alongside them they could...and your mothers will be using them within a week whether they know it or not. Don't forget the FED controls the banks. They can just give it out to them and then the banks provide digital currency accounts for customers, real easy spoon feed set ups they can download in a second onto their phone and computers. People will instatly feel the freedom that comes with using a digital currency but they won't care that there won't be a limited supply like Bitcoin.

People need to wake the fuck up on this forum.
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March 14, 2015, 06:11:17 AM
 #20

If they manage their currency as well as they do healthcare and wars it should last all of 6 months. On the bright side if they do invest in blockchain infrastructure etc. bit coin could potentially piggy back on that.

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