While playing this simple to setup ( and play ) gambling site :
http://www.bitcoincrown.com/
( yes, I know what u think - the answer is: I already exited from the crwon owner's place )
I thought to myself - its kinda shameful that gambling propells this world saving new thing BTC...
So alongside gambling and moeny l..ndering what are the major other factors that pump capital into btc ?
What do u think?
Can u give a list in importance descending order ?
http://www.bitcoincrown.com/
( yes, I know what u think - the answer is: I already exited from the crwon owner's place )
I thought to myself - its kinda shameful that gambling propells this world saving new thing BTC...
So alongside gambling and moeny l..ndering what are the major other factors that pump capital into btc ?
What do u think?
Can u give a list in importance descending order ?
If you haven't seen it already, Falkvinge identifies three major drivers of Bitcoin economy besides gambling/unlawful trade (I don't take this to be an exhaustive list).
http://falkvinge.net/2011/06/16/bitcoins-four-drivers-part-one-unlawful-trade/
http://falkvinge.net/2011/06/18/bitcoins-four-drivers-part-two-international-trade/
http://falkvinge.net/2011/07/03/bitcoins-four-drivers-part-3-merchant-trade/
http://falkvinge.net/2011/07/05/bitcoins-four-drivers-part-4-investment/
As for what's driving demand for coins now in terms of these four, I think the order is something like:
1) Speculative investment (but institutional/retail investing hasn't really kicked in yet).
2) Gambling/unlawful trade.
3) Lawful trade (merchant and P2P).
4) International commercial trade (given the transaction sizes involved here, this probably won't kick in significantly till BTC price gets much higher, and we see escrow services on a much larger scale).
