What do people think about Bitcoin?

Well you see, you don't have the best rep in the board after pulling the wallet incident.

:grin:

Yeah, I read that a few days ago in Houston's business journal.

 

Waiting paitently to see how low it drops before hopping on.

 

It just makes it less valuable versus dollar. If you ever need to convert that money back to dollars or buy something with it then it is worth less.

 

Yes this is a problem right now bc demand isnt even a fraction of what it could be once this tech is massively adopted

Buy your things with dollars for the time being..

Buy BTC with the mindframe of buying equity in a decentralized autonomous startup..

 

Taiwanese will soon be able to walk into 5000 convenient stores and buy bitcoin


http://www.reddit.com/r/Bitcoin/comments/2qcb8j/bitcoins_will_be_supplied_in_more_than_5000/

 

What's the current demand for a bitcoin marketplace --- a place to exchange goods or services for bitcoins?

So far there are two main sites catering this space and three other somewhat related sites.

Would you want an eBay/Amazon for Bitcoin users?

 

Openbazaar will probably end up being what you're talking about

 

Thanks for the heads up.

That didn't even come up when I was doing market research.

 

I just bought an Xbox One and extras worth 540 for...

ONLY 260$


bitcoin is sooo useless

 

Just watched the "Bitcoin St Petersburg bowl" earlier tonight. I wished I made that up. How is Bitcoin sponsoring a bowl game? Is there a company or digital currency association backing this?

 

Bitpay the leading payment processor sponsored it.


But they chose to name the bowl after the open source protocol which nobody owns (like HTTP) instead of their own brand name


But they did do bitpay commercials. My favorite was the one with Russian thugs as the credit card guys collecting fees

 

How does bitpay make money? edit...found the answer. It seems like they live on thin margins.

 

Yep.. like most tech startups the margins are thin

 

Is it correct to say that bitcoin is going to revolutionize the finance industry.

Just like how the internet changed commerce and communication industries?

 

How did you do that?

 

<img src = http://replygif.net/i/163.gif>

Newegg.com but the deal is closed now

 

Is it also correct to say that a newer version of bitcoin is needed in order for it to reach its true potential as a revolutionary technology?

To truly make it the currency of the future instead of just being a digital gold.

 

I think it doesn't have to satisfy the characteristics of a fiat system.. being a digital gold is exactly what it's supposed to accomplish by offering a finite supply and so many use cases driving an increasing demand for bits. The fiat system will continue in its place but this tech will

 

Operate in a mutualistic manner alonguide

 

If it stays the way it is right now, Bitcoin is like James Harden as OKC's sixth man --- being limited to show his true potential, a superstar.

Why limit the potential of something so revolutionary?

Why not eradicate the fiat system once a better version of Bitcoin comes out?