The euro is not too far behind. The world will give up on the ECB and the debt dollar when there are alternatives readily accessible and available Don't think for a second entrepreneurs won't make that happen because we will
No it doesnt. But inflationary, fiat enforced monetary systems which reward liars, cronies and war mongers right from the top and screw the honest working man only serve to exacerbate those natural tendencies in people. Bitcoin can bring a balance to that situation
Maybe.... Or maybe in the next version. As long as humans are in the loop, I don't see that happening. It's very interesting, but I think we are still ways from it.
The NYSE BTC Index starting up is a big boost for the prospects and legitimacy of BTC. I've been watching the BTC charts for a couple of months, and volume (on the European side) is so low it makes it difficult for any institutional traders to come in and make it part of their regular trading book. The upside for BTC enthusiasts is that one can become an expert at trading this new product and might be one of the fastest ways to make an non traditional pathway to Wall Street or Canary Wharf.
There are bank runs in Greece, Greek banks and stock markets are announcing closures tomorrow, world stock markets look to open a mess tomorrow, and ... bitcoin hasn't moved.
When they started raiding bank accounts in Cyprus, Bitcoin skyrocketed. Could happen again here if they do it in Greece.
If you had no money invested with bitcoin would you still feel the same about it and the prospects of bitcoin skyrocketing?
Biitcoin is nowhere near mature enough to use as a safe haven from inflation, but it could perhaps be used to hide wealth from state actors that want to take it.
economic inclusion will give power to previously unheard people and their views/voices.. but bitcoin satisfies everyones needs... it doesn't care if you are kind-hearted and altruistic, or greedy and selfish... it makes life easier for everyone. its fundamentally the best money tech the world has ever seen. for a second I was convinced that events in the real world take time to develop, particularly those involving billions of dollars flowing into an unfairly maligned entity such as bitcoin... but are you saying otherwise? yes... but then I would own bitcoin.. no point to your logic This brings up something I've been meaning to have more logical discussion about.. raising the blocksize.. there are many proposed solutions, but the developer community is still engaged in a messy debate... I know they will come to terms, because money talks and BS walks, but what are they waiting for? And why isn't it mature enough? I do say and agree that its not mature enough right now as a full fledged payment system... but simply to serve as a gold 2.0 hedging instrument, its very good as is.. state actors that want to take your money = inflation bitcoin is perfect for that *as is* right now... but you're better off paying with a cc for now. companies will make the bridge that allows you to spend stored btc as fiat.. many are already trying this now.. but once that happens, then its very likely paying with btc directly is right around the corner. Its just a matter of time and coming to some critical improvements to the scale of the system
