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Topic: 20 calls a day from large asset managers looking to invest up to $100m. - page 6. (Read 10493 times)

hero member
Activity: 728
Merit: 500
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.


personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Add up the power for all office buildings of visa, mastercard, swift, the banks, etc. I don't know what this number is but bitcoin has to be tiny compared to that.
full member
Activity: 121
Merit: 100
If 150 is broken to the upside, prepare yourselves for a very very wild ride. It is already vertical.
sr. member
Activity: 252
Merit: 250
what did you expect?
I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.
personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive
Is there another currency that doesn't?
USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive
I don't know about that, those presses are running non-stop, that shit has to be hauled around every day. Banks are converting it to 1s and 0s, then sending that back and forth until they magically have MORE 1s and 0s. Credit card companies are pumping out plastic, mailing them all over, paper transaction records are printed for EVERYONE, every month, and then *those* have to be hauled over the place. The government has to constantly find something to buy to inject money back into the system, be that toxic assets, or funding the "war on terror" which is also a huge waste of resources, etc. etc.

Meanwhile, BTC are created, transferred and maintained all under the same network. As technology advances, the network uses VASTLY less power (relative to work) CPU>GPU>ASIC, and in the future, services emerge which enable users to send bitcoins to each other without a network transaction ever taking place (think of an exchange or payment processor simply changing the balance of two user's accounts, no coins need to move until someone requests payouts).

most USD is created on a bank and is nothing more than a number on a database

now I hope I don't have to explain to you that costs near-zero energy to keepup

BTW Asics are actually going to make the Energy sink of Bitcoin higher, not lower
but keep saying yourself otherwise

also, a payment processor like PayPal for bitcoin defeats the core purpose of bitcoin and will kill it completely
legendary
Activity: 1148
Merit: 1018
Big money finally waking up little by little. Now it is time to buy as fast as possible.

It's always been the time to buy as fast as possible
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
It only needs just a bit more energy than that which would be able to attack it.
My comment has nothing to do with attacking it

I'm saying is that Energy must be input into the Bitcoin system at all times (and in ever-increasing as it grows because people can make a profit mining).

Because of this, someone must pay (Energy, or USD to pay for Energy) this somehow, just to keep Bitcoin blockchain viable

I'm just wondering who's gonna pay for it

Online USD banking doesn't have an Energy sink like Bitcoin does (neither does as any other form of centralized online currency based on whatever)

Thousands of mesh solar mining rigs placed all over the country will become commonplace.
legendary
Activity: 896
Merit: 1001
what did you expect?
I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.
personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive
Is there another currency that doesn't?
USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive
I don't know about that, those presses are running non-stop, that shit has to be hauled around every day. Banks are converting it to 1s and 0s, then sending that back and forth until they magically have MORE 1s and 0s. Credit card companies are pumping out plastic, mailing them all over, paper transaction records are printed for EVERYONE, every month, and then *those* have to be hauled over the place. The government has to constantly find something to buy to inject money back into the system, be that toxic assets, or funding the "war on terror" which is also a huge waste of resources, etc. etc.

Meanwhile, BTC are created, transferred and maintained all under the same network. As technology advances, the network uses VASTLY less power (relative to work) CPU>GPU>ASIC, and in the future, services emerge which enable users to send bitcoins to each other without a network transaction ever taking place (think of an exchange or payment processor simply changing the balance of two user's accounts, no coins need to move until someone requests payouts).
legendary
Activity: 1400
Merit: 1005
Financial Times is reporting:

"Exante predicted that public and media interest would take off when Bitcoins were trading at $100. Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m."

http://www.ft.com/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqI

Hope mtgox solves its ddos attacks first.

Good grief.

20 x $5M (nice sounding average?) x 22 (working days in a month) = $2.2 BILLION looking to make its way into the BTC market per MONTH!

$2.2B x 12 = $26.4B

At $90 (ish), we're at a $1B market cap.

Prepare for 1 BTC = $2,376.00 within 12 months.  And this is just with current demand - as the price continues to rise, more and more asset managers with even larger balances will be calling and requesting to invest in BTC.  $2,376 is just the bottom end.  O.O
sr. member
Activity: 252
Merit: 250
It only needs just a bit more energy than that which would be able to attack it.
My comment has nothing to do with attacking it

I'm saying is that Energy must be input into the Bitcoin system at all times (and in ever-increasing as it grows because people can make a profit mining).

Because of this, someone must pay (Energy, or USD to pay for Energy) this somehow, just to keep Bitcoin blockchain viable

I'm just wondering who's gonna pay for it

Online USD banking doesn't have an Energy sink like Bitcoin does (neither does as any other form of centralized online currency based on whatever)
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
It only needs just a bit more energy than that which would be able to attack it.
sr. member
Activity: 252
Merit: 250
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.


personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?
USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive

Yes it does, but that energy is exerted in the form of military spending. "How dare you say our money isn't worth anything! Die!"

lol*
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.


personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?
USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive

Yes it does, but that energy is exerted in the form of military spending. "How dare you say our money isn't worth anything! Die!"
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
sr. member
Activity: 392
Merit: 250
Big money finally waking up little by little. Now it is time to buy as fast as possible.
sr. member
Activity: 252
Merit: 250
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.


personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?
USD doesnt need a permanent inflow of ever increasing Energy to keep it's perceived value alive
member
Activity: 224
Merit: 10
Also, a currency without  a high level of inflation would do wonders for the enviroment and global warming if accepted globally.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.


personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?

http://en.wikipedia.org/wiki/Rai_stones
legendary
Activity: 896
Merit: 1001
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.


personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive

Is there another currency that doesn't?
sr. member
Activity: 252
Merit: 250
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.


personally I'm starting to doubt bitcoin abit because it requires someone to pay for Energy forever and in increasing amounts to keep it alive
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
what did you expect?

I kind of expected this, because I know that even skeptics will come to appreciate how brilliant Bitcoin is when they bother to learn in detail about it.
legendary
Activity: 1764
Merit: 1002
what did you expect?
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