a few pages back someone was comparing bitcoin to OKC James Harden.. cute but get outta here with that ****
Not in the areas of fraud protection (irreversible transactions), transaction processing time (10 minutes between mining of blocks), and ease of purchase, storage, and use (average John Doe has no idea how to buy bitcoin), and Bitcoin needs to be a more stable store of wealth (volatility is a terrible trait for a currency to have). Those need to be solved first. Anyways. Bitcoin just hit a slight upsurge from 179~ to 196.
fraud protection - there will be 3rd party ID verifiers, and payments processors will guarantee fraud protection. already happening sort of with insured deposits at circle and coinbase block time/scalability- see invertible bloom filters, greenaddresses, and transaction health calculators that mycellium and bitpay utilize. very safe for instant transactions. ease- when john doe is using the tech, he won't even know. volatility- this is how it is for now. speculation is what
What prevents someone from cornering the BTC market similar to what the Hunt Brothers attempted in silver decades ago?
The silver crash happened bc of comex manipulating the rules for silver trading.. people were not happy with the hunt brothers owning so much of the silver. They owned half the supply at one point. BTC exchanges can be global and don't rely on the legacy financial system. The commodity has obvious liquidity and transferability advantages over silver. Therefore a similar situation for btc would be improbable
I was hoping that by the time I got paid today I'd see under 200... but Idk if I should wait or just settle for these 220s **** it I'm buying more now.. price is 220 atm
Circle has been giving me ID verification issues so they haven't been able to do my last two bank deposits.. still works with my CC tho Ended up going to coinbase and the price dropped in that time
Why do we have to do anything? Just stating the facts. The fact that you are getting defensive about reality is weird. PR hack/salesman-like behavior. There are real (albeit illicit) factors driving the sale of BTC. It is more than just speculation. There are even a couple of retailers selling legal goods/services, though they are much less significant in terms of total volume. Bitcoin doesn't need you to "defend" it as it's protector. It will succeed or fail with or without you.
