Bitcoin is at a turning point, evolving much more quickly than some observers re

Gleb Gamow

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Quote from: S4VV4S on July 14, 2015, 05:17:17 AM

Quote from: LakeBTC on July 13, 2015, 10:47:19 PM

How Future Bitcoin Can Prevent a Future Greece?

Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in currency crises to come.

For the average Greek, getting one’s hands on bitcoin requires buying it with euros—the last thing any sane Greek would give up. That’s why the bitcoin of today has no bearing on what could easily become a humanitarian crisis.

But Bitcoin is at an inflection point, and it’s evolving much more quickly than all but its most dedicated observers realize. Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange.

[...]

http://www.wsj.com/articles/how-future-bitcoin-can-prevent-a-future-greece-1436744064

Bitcoin cannot stop fractional reserve or the way the banks work.
And if Bitcoin continues at a steady pace to be more and more adopted, then it is only a matter of time that banks join in and find ways to exploit it.

That, or all bankers worldwide will come to their senses and only accept the average wage of their region for services rendered.

titulng

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HubrisOne

Quote from: LiteCoinGuy on July 14, 2015, 11:28:00 AM

Quote from: Abiky on July 14, 2015, 08:49:41 AM

Maybe Bitcoin will be worth $1000 in the future...I hope so Roll Eyes

that will never happen! ......oh wait....it did happen Lips sealed

why is it impossible? Future is just like a box of chocolate, and you never know what comes the next.

cellard

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Quote from: Possum577 on July 14, 2015, 02:49:39 AM

Lake, this article can't be read unless someone has a subscription to WSJ. Would be better if you could copy the text into the post.

I agree that there's been a lot of positive news lately, likely the driver behind the quick price run up too! It's an exciting time to be involved and watching and aware of what's going on. Let's up the future continues to provide steady but safe and sound growth (e.g., the Fork, etc.)

Hopefully in the future, WSJ accepts Bitcoin so you can pay them a small quantity of BTC to unlock only the article you want to read instead of having to pay annoying monthly subscriptions. I mean imagine how much money they would get from doing that, and for free, they don't need to invest any infrastructure because its all there already. BTC saves the day once again.

Amph

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Quote from: Daniel91 on July 15, 2015, 03:44:23 AM

Quote from: Alley on July 14, 2015, 06:33:40 PM

There are thousands of millionaires in the world. At some point they will dip there toe in bitcoin and open a small position. Even if they bought just 10 coins the price will explode. It's probably already started really...

I'm not sure about this.
Yes, there are a lot reach people in the world, with a thousands of millions but they invest mostly in the real marketplace, stocks, real estate, forex etc.
I don't think they will consider to invest in bitcoin now when they can cash out bitcoin only through some exchangers or bitcoin ATM.
In my viewpoint, turning point for bitcoin will be when some country in great financial difficulties, as Greece now, that has nothing to lose and is facing bankruptcy, decide to try to introduce a bitcoin as the main currency.

everyone is waiting for the next one to make the first move, if even only one of those rich guy that normally is playing with stocks/forex, shift to bitcoin, and start a good wave, i'm sure many other rich people will follow

when they will strat play between themlseves the marketcap of bitcoin will look like nothing you have ever dreamed about, eve 10k would look like a tiny drop in the pacific

p.s. i don't see the problem in cashing out, for them, through exchange only, it work the same as cashing their money when playing with forex market

Daniel91

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Quote from: Alley on July 14, 2015, 06:33:40 PM

There are thousands of millionaires in the world. At some point they will dip there toe in bitcoin and open a small position. Even if they bought just 10 coins the price will explode. It's probably already started really...

I'm not sure about this.
Yes, there are a lot reach people in the world, with a thousands of millions but they invest mostly in the real marketplace, stocks, real estate, forex etc.
I don't think they will consider to invest in bitcoin now when they can cash out bitcoin only through some exchangers or bitcoin ATM.
In my viewpoint, turning point for bitcoin will be when some country in great financial difficulties, as Greece now, that has nothing to lose and is facing bankruptcy, decide to try to introduce a bitcoin as the main currency.

Amph

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Quote from: Honeybooboo on July 14, 2015, 11:57:44 AM

Quote from: LiteCoinGuy on July 14, 2015, 11:28:00 AM

Quote from: Abiky on July 14, 2015, 08:49:41 AM

Maybe Bitcoin will be worth $1000 in the future...I hope so Roll Eyes

that will never happen! ......oh wait....it did happen Lips sealed

But the question is it going to happen again and if so when? Bitcoin seems to be a common value people want ti to go back to and I admit it would be nice. I don't think we've got enough demand/adoption currently but hopefully we'll get there eventually. I just hope we don't have to wait too long for it.

not only it did happen but we also managed to surpass it by a lot more than 20%, until now every ATH was surpassed so it is safe to assume that we will do it again with 1200 or with any other value

without doing fancy prediction, i can tell you that we should wait and see because the potential is there and this is the only thing that everyone need to know

pooya87

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Quote from: ?? on ??

Quote from: spazzdla on July 14, 2015, 11:09:08 AM

NOW it can help the greeks.. but will they be smart enough to move wealth into or keep it in their doomed to fail banks.

Nobody can feel sorry for those who had a choice.

Now, if the generous Greeks want to donate all their money to their troubled banks out of charitable goodwill, then fine, go ahead and let them.

I choose BitcoinDebitCards over ______________(fill in the blank with the name of your favorite bank)__________ debit cards

BitcoinDebitCards - Whats in YOUR wallet?

i will probably never use any bitcoin debit cards, they are good and have a lot of benefits but i find it in contrast with bitcoin.
bitcoin was created to let you do your own transactions and don't rely on anybody else for what you want to do with your money (BTC) . besides there is always a lot of different fees involved when using debit cards which makes me think twice before considering using them.

Alley

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I look At bitcoin as more of a commodity that you can easily transfer and spend, unlike gold.

Hopalong

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Quote from: Abiky on July 14, 2015, 08:49:41 AM

Maybe Bitcoin will be worth $1000 in the future...I hope so Roll Eyes

As long as everybody is refering to bitcoins value in dollar you know its not a real currency. A real currency stand on its own legs.

newb4now

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Quote from: LakeBTC on July 13, 2015, 10:47:19 PM

How Future Bitcoin Can Prevent a Future Greece?

Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in currency crises to come.

For the average Greek, getting one’s hands on bitcoin requires buying it with euros—the last thing any sane Greek would give up. That’s why the bitcoin of today has no bearing on what could easily become a humanitarian crisis.

But Bitcoin is at an inflection point, and it’s evolving much more quickly than all but its most dedicated observers realize. Whatever happens to bitcoin itself, the technology underlying it opens up previously unimagined possibilities for the future of just about anything humans exchange.

[...]

http://www.wsj.com/articles/how-future-bitcoin-can-prevent-a-future-greece-1436744064

Most press has been negative about bitcoin. It is nice to see a well written article that is well balanced and talks about what Bitcoin can offer

Alley

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There are thousands of millionaires in the world. At some point they will dip there toe in bitcoin and open a small position. Even if they bought just 10 coins the price will explode. It's probably already started really...

scarsbergholden

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to see that 1,000 usd Most likely if one of worlds billionaires would like to put some of their richness on bitcoin it could strike a panic buy pump if it does happen at some point and they are public about it.

Honeybooboo

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Quote from: LiteCoinGuy on July 14, 2015, 11:28:00 AM

Quote from: Abiky on July 14, 2015, 08:49:41 AM

Maybe Bitcoin will be worth $1000 in the future...I hope so Roll Eyes

that will never happen! ......oh wait....it did happen Lips sealed

But the question is it going to happen again and if so when? Bitcoin seems to be a common value people want ti to go back to and I admit it would be nice. I don't think we've got enough demand/adoption currently but hopefully we'll get there eventually. I just hope we don't have to wait too long for it.

LiteCoinGuy

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In Satoshi I Trust

Quote from: Abiky on July 14, 2015, 08:49:41 AM

Maybe Bitcoin will be worth $1000 in the future...I hope so Roll Eyes

that will never happen! ......oh wait....it did happen Lips sealed

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: ?? on ??

Quote from: Abiky on July 14, 2015, 11:16:59 AM

I choose BitcoinDebitCards over ______________USAA__________ debit cards. I will be switching to BTC cards soon. All my mining earnings will be used to fund the debit card.

You greedy bastard! Where's the generosity and charity gift economy that all you blockchain lovers were supposedly born with? There's absolutely no Greek in you.

Lol..Just joking...I'm still going to use my bank debit card but I will get a BTC card as well.

Abiky

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Quote from: ?? on ??

Quote from: spazzdla on July 14, 2015, 11:09:08 AM

NOW it can help the greeks.. but will they be smart enough to move wealth into or keep it in their doomed to fail banks.

Nobody can feel sorry for those who had a choice.

If the Greeks want to donate money to their troubled banks, then fine, go ahead and let them.

I choose BitcoinDebitCards over ______________(fill in the blank with the name of your favorite bank)__________ debit cards

I choose BitcoinDebitCards over ______________USAA__________ debit cards. I will be switching to BTC cards soon. All my mining earnings will be used to fund the debit card.

spazzdla

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NOW it can help the greeks.. but will they be smart enough to move wealth into or keep it in their doomed to fail banks.

Rampton

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Quote from: LakeBTC on July 13, 2015, 10:47:19 PM

Bitcoin, the volatile digital currency, cannot help the Greeks of today. But it could mean a great deal to those caught up in currency crises to come.

http://www.wsj.com/articles/how-future-bitcoin-can-prevent-a-future-greece-1436744064

There are obviously pros and cons to bitcoin and the volatility is a major and risky issue to most, but the key to the success of it lies in adoption. If an entire country or industry adopted it whether out of desperation or voluntarily I think that would have a significant impact on the price. If people and businesses kept getting involved with bitcoin at a steady rate I think the currency would only continue to rise and that's what we need rather than a currency that loses value over time.

Abiky

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Quote from: ?? on ??

It's not awesome....

Well, considering the fact that it is a Bitcoin Debit Card, I think that makes it awesome, I dunno

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: ?? on ??

The turning point is here! Greece is saved! Now the Greeks can use their debit cards to access their accounts 24-7

Their Bitcoin accounts that is. Bitcoin never has a bank holiday. The blockchain never closes, unlike your current bank/plastic card. The next time you are in Greece, this is what you will see:

Bitcoin now accepted everywhere like Mastercard.
And with this evolution, millions of new merchants now accept bitcoin

just click on the card

The Bitcoin Nanocard looks awesome! Cool

Topic: Bitcoin is at a turning point, evolving much more quickly than some observers re (Read 1751 times)