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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    34.8%
  2. Passing Fad

    65.2%
  1. TheMystery008

    TheMystery008 Member

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    Bitcoin has a good amount of issues.

    But cryptocurrency as a whole is a great innovation.
     
  2. blindpet

    blindpet Member

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    A major bitcoin exchange has shut down today because they suspected a large wallet was compromised. They have assured customers that their funds are fine (they hold a lot of bitcoin in cold storage i.e. not connected to the internet) but it certainly doesn't help the public's perception of bitcoin.
     
  3. Commodore

    Commodore Member

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    good podcast with a sobering (and encouraging) recap of the past year

    <iframe width="50%" height="225" scrolling="no" frameborder="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/184351326&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false&amp;visual=true"></iframe>
     
  4. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

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    I just mean in terms of crytpocoin value continuing to decline versus the dollar. I don't see them sustaining a rally anytime soon.
     
  5. TheMystery008

    TheMystery008 Member

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    Not when hackers keeps attacking exchanges.

    Bitstamp just got compromised.

    Smh.
     
  6. GanjaRocket

    GanjaRocket Member

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    Yea that sucks.. I hope they offer recourse for lost funds
     
  7. GanjaRocket

    GanjaRocket Member

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    <img src = https://pbs.twimg.com/media/B6nLylfCYAEl17M.png:large>
     
  8. TheMystery008

    TheMystery008 Member

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    Hopefully it is not another insider hacking.
     
  9. GanjaRocket

    GanjaRocket Member

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    Tcp/ip was 6 yrs old in 1981..

    Bitcoin is 6 yrs old. There's nothing to worry about except buying more whenever it gets cheaper
     
  10. TheMystery008

    TheMystery008 Member

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    Bitstamp coming back up within 24 hours.
     
  11. GanjaRocket

    GanjaRocket Member

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    like the whitehat 'Johoe' that attacked BC.info ?

    personally I like that some people do that for the crypto ecosystem
     
  12. TheMystery008

    TheMystery008 Member

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    No, like the Mt. Gox insider hacking.

    Johoe hack was a trololol move.
     
  13. GanjaRocket

    GanjaRocket Member

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    no I belive user deposits were unharmed by this...

    with that said I'd love to see transparent audits of Circle and Coinbase to prove their solvency. I trust them with a decent amt of coin but I'm switching to Trezor soon to have complete control of my private keys
     
  14. GanjaRocket

    GanjaRocket Member

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    Mauldin Economics, supposedly a source for baby boomers and the like now suggests it's 1m+ subscribers pay close attention to bitcoin
     
  15. GanjaRocket

    GanjaRocket Member

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    a bunch of rich old white ppl will be reading this

    https://www.mauldineconomics.com/lg/bitcoin


    why would this guy with a traditional viewerbase risk his reputation unless there was a great chance there was something in it for everyone?
     
  16. GanjaRocket

    GanjaRocket Member

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    <iframe width="560" height="315" src="//www.youtube.com/embed/hrrF6Wz61HE" frameborder="0" allowfullscreen></iframe>
     
  17. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
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  18. Major

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    Marketing. He makes money by hawking his newsletter and books. And given their rabidness, it's easy to predict that if he posts about bitcoin, all the bitcoin supporters will spread the word about it, exposing him to a lot of people who had never heard about him and getting him a whole lot of new subscriptions. It was just an informational article and he didn't make any investment recommendations in regard to it - he even said it may not survive, so it's non-useful info for his subscribers as far as investment decisions. It's just to get more publicity.

    Here's some background on him:

    http://www.forbes.com/sites/jerrybowyer/2013/03/07/john-mauldins-muddled-stock-return-model/
     
  19. TheMystery008

    TheMystery008 Member

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    Bitcoin at $232.
     
  20. GanjaRocket

    GanjaRocket Member

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    Yeaaaa boyeeee

    200, 150? Bring it
     

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