Author

Topic: [2014-06-04] CNBC: 3 Reasons Wall Street can't Stay Away from Bitcoin (Read 778 times)

sr. member
Activity: 406
Merit: 250
thats true. but we need these guys for mainstream adoption.

That is, if these people favor mainstream adoption for Bitcoin. I am a bit more skeptical about this whole thing. Let's not depend anything on anyone. If the Wall Street guys are supporting us, then it is good. But overall, let's not depend too much on them.

This thing will take off with or without them. The thing that could be powerful is the amount of fiat they would melt into bit coin. It would be just a tremendous transfer of government power to the people.
legendary
Activity: 3766
Merit: 1217
thats true. but we need these guys for mainstream adoption.

That is, if these people favor mainstream adoption for Bitcoin. I am a bit more skeptical about this whole thing. Let's not depend anything on anyone. If the Wall Street guys are supporting us, then it is good. But overall, let's not depend too much on them.
newbie
Activity: 1
Merit: 0
I like the paper that was written http://arxiv.org/pdf/1406.0268v1.pdf about the bitcoin, the author used wavelet analysis here http://www.mathworks.com/help/wavelet/ref/wcoher.html is that a common form of analysis on wallstreet for currencies?
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
Great to have the money magicians coming on board. As they dip their toes into the pools they can pass along the tips to their CNBC viewers and they can bring up the rear on the next wave. Yep, I'm having one of those days today.

Having the Wall Street people interested in Bitcoin will have its own advantages (ease of adoption, lobbying.etc) as well as its own disadvantages (such as market manipulation).  Grin


thats true. but we need these guys for mainstream adoption.
sr. member
Activity: 406
Merit: 250
Great to have the money magicians coming on board. As they dip their toes into the pools they can pass along the tips to their CNBC viewers and they can bring up the rear on the next wave. Yep, I'm having one of those days today.

Having the Wall Street people interested in Bitcoin will have its own advantages (ease of adoption, lobbying.etc) as well as its own disadvantages (such as market manipulation).  Grin

If it gets them talking about it I will take it. I am hearing more and more bit coin talk on financial shows.
legendary
Activity: 3766
Merit: 1217
Great to have the money magicians coming on board. As they dip their toes into the pools they can pass along the tips to their CNBC viewers and they can bring up the rear on the next wave. Yep, I'm having one of those days today.

Having the Wall Street people interested in Bitcoin will have its own advantages (ease of adoption, lobbying.etc) as well as its own disadvantages (such as market manipulation).  Grin
hero member
Activity: 715
Merit: 500
Ripple is a scam. The coins are centrally controlled. It is NO different than fiat. Ripple is an attempt by Google, a few other companies and large banks to slow the adoption of p2p digital currencies like bitcoin. It's also an attempt to muddy the water for average consumers.

Ah, the tinfoil hat is heavy on this one. Regardless of what Ripple is, it doesn't seem to be working out so well...

http://blogs.wsj.com/moneybeat/2014/05/22/ripple-alternative-digital-currency-plunges-as-mccaleb-liquidates/
member
Activity: 140
Merit: 10
Quote
The Ripple currency, known as XRP, can be used to represent any form of asset, such as dollars, pesos and even bitcoin itself.


This is actually incorrect.

The Ripple protocol can be used to settle EUR to USD directly, without touching XRP. Ripple is a currency agnostic, decentralized settlement protocol.


Ripple is a scam. The coins are centrally controlled. It is NO different than fiat. Ripple is an attempt by Google, a few other companies and large banks to slow the adoption of p2p digital currencies like bitcoin. It's also an attempt to muddy the water for average consumers.
newbie
Activity: 25
Merit: 0
Quote
The Ripple currency, known as XRP, can be used to represent any form of asset, such as dollars, pesos and even bitcoin itself.


This is actually incorrect.

The Ripple protocol can be used to settle EUR to USD directly, without touching XRP. Ripple is a currency agnostic, decentralized settlement protocol.
newbie
Activity: 54
Merit: 0
Quote
"Bitcoin can be used for alternative investments ... and to represent other types of assets, such as stock or gold."

ITA! IMO, Investing in Bitcoin is the best way to multiply your assets


Why do you think the function of Bitcoin "means of accumulation" is more important than function of Bitcoin "means of payment"?
legendary
Activity: 1568
Merit: 1001
Great to have the money magicians coming on board. As they dip their toes into the pools they can pass along the tips to their CNBC viewers and they can bring up the rear on the next wave. Yep, I'm having one of those days today.
newbie
Activity: 42
Merit: 0
Quote
"Bitcoin can be used for alternative investments ... and to represent other types of assets, such as stock or gold."

ITA! IMO, Investing in Bitcoin is the best way to multiply your assets
legendary
Activity: 2114
Merit: 1031
hero member
Activity: 715
Merit: 500
http://www.cnbc.com/id/101711220

Author Bill Barhydt is an advisor to Vaurum, which just secured $4MM in venture funding. Very well written, as he actually has a grasp on his subject. "Vaurum runs an exchange that facilitates over-the-counter bitcoin trading for institutional traders."
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