okay maybe hoarding is not the right word.
i know people who got paid in btc over 2 yrs ago (so you can imagine how many figures that would be) who have never bothered to spend it or move it
Topic: 2013-09-12 SFGate - Two Guys Just Started A Site That's Like A Bitcoin-Only Amaz - page 2. (Read 2023 times)
September 12, 2013, 07:17:36 PM
September 12, 2013, 07:03:06 PM
problem is some people are hording them... look at the damn volume on gox, it is super low
That is certainly NOT the problem, getting money into the exchanges is. A low volume just means that the price will increase to accomidate the level of commerce in the system.
Getting money into exchanges will get easier and faster. All in good time
September 12, 2013, 07:01:30 PM
YESSSSS. Now if obtaining bitcoins wasn't so cumbersome, sites like this and the bitcoin store would see much higher volume. As an enthusiast, I try to spend BTC whenever I have the opportunity. But in all honesty as the infrastructure for obtaining coins currently stands, it's not worth the hassle of acquiring more to spend. If I made a few coins from arbitrage or tips, sure I would spend them, but when that spare coin wallet is empty, it's back to the plastic in my leather wallet.
As more people generate income in BTC, sites like this will take off. And as sites like this take off, more people will generate income in BTC.
As more people generate income in BTC, sites like this will take off. And as sites like this take off, more people will generate income in BTC.
problem is some people are hording them... look at the damn volume on gox, it is super low
True, but Gox is dying, AND exchange volume isn't necessarily a good measure of coins being used for commerce. Especially if the business accepting the coins turns around and spends them or pays in employees with them. Hoarding can be a problem, but only if that's the sole reason people have bitcoins. It's ok to keep some as a store of value as long as you make a point to spend some too. Otherwise, what's the point of hoarding them? Just hoping that other people will make use of theirs?
September 12, 2013, 06:54:24 PM
problem is some people are hording them... look at the damn volume on gox, it is super low
That is certainly NOT the problem, getting money into the exchanges is. A low volume just means that the price will increase to accommodate the level of commerce in the system.
September 12, 2013, 06:46:25 PM
YESSSSS. Now if obtaining bitcoins wasn't so cumbersome, sites like this and the bitcoin store would see much higher volume. As an enthusiast, I try to spend BTC whenever I have the opportunity. But in all honesty as the infrastructure for obtaining coins currently stands, it's not worth the hassle of acquiring more to spend. If I made a few coins from arbitrage or tips, sure I would spend them, but when that spare coin wallet is empty, it's back to the plastic in my leather wallet.
As more people generate income in BTC, sites like this will take off. And as sites like this take off, more people will generate income in BTC.
As more people generate income in BTC, sites like this will take off. And as sites like this take off, more people will generate income in BTC.
problem is some people are hording them... look at the damn volume on gox, it is super low
September 12, 2013, 06:34:58 PM
YESSSSS. Now if obtaining bitcoins wasn't so cumbersome, sites like this and the bitcoin store would see much higher volume. As an enthusiast, I try to spend BTC whenever I have the opportunity. But in all honesty as the infrastructure for obtaining coins currently stands, it's not worth the hassle of acquiring more to spend. If I made a few coins from arbitrage or tips, sure I would spend them, but when that spare coin wallet is empty, it's back to the plastic in my leather wallet.
As more people generate income in BTC, sites like this will take off. And as sites like this take off, more people will generate income in BTC.
As more people generate income in BTC, sites like this will take off. And as sites like this take off, more people will generate income in BTC.
September 12, 2013, 03:45:41 PM
September 12, 2013, 02:55:48 PM
http://www.sfgate.com/technology/businessinsider/article/Two-Guys-Just-Started-A-Site-That-s-Like-A-4808998.php
^Literally the whole article.
Quote
One of the most common complaints about Bitcoin, the encrypted, digital currency that isn't controlled by any bank or country, is that you can't use it to buy anything practical. Alpaca wool socks? Come on, now.
Entrepreneurs Michal Handerhan and Tim Sidie have started BitcoinShop.us in order to solve this problem. Their site is probably best described as "Amazon, but with Bitcoin."
There's 55,000 items for sale across all categories – books, electronics, sporting goods, even toys. It's all available here for purchase, via Bitcoin.
Entrepreneurs Michal Handerhan and Tim Sidie have started BitcoinShop.us in order to solve this problem. Their site is probably best described as "Amazon, but with Bitcoin."
There's 55,000 items for sale across all categories – books, electronics, sporting goods, even toys. It's all available here for purchase, via Bitcoin.
^Literally the whole article.
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