Got to find a way to get BTC in to the hands of the average Joe on the street, with zero knowledge of how mine or invest in it. Target people with no credit or bank accounts and sell to them for cash and recharge a BTC card of sorts, or (flash drive etc.) at time of transfer. (via coffee shops, malls etc. or from guys like me lol) Then those types can go online and shop, pay bills etc., like anyone that has a real credit/debit card, as now they don't have that option easily in front of them.
Hmmm... sounds like you are describing paybase... and the "visa" card.
Now you may not agree with GAW or more in particular... Josh... but the vision has merit. And with the correct weight behind it... it could be something.
Unlike stocks, the very purpose of BTC is to be used ( to transfer a value) AND be invested in.
Currency is meant to be used yes. But thinking of BTC like a commodity like gold to "invest in" is not going to get new blood. Joe Sixpack couldn't care less. They'd like to own gold... sure... but they'd rather spend their paycheck on their bills and necessities.
The actual price of BTC is arbitrary somewhat by nature lol, its just depends on demand and a lot of street use, and is always going to be speculation only for investing I feel. There is just no good way to predict BTC, its still to early in growth. Plus, big mining has kind of screwed with price as well, save that for another day
And that makes it a poor substitute for fiat in my opinion. I'm not saying paycoin is any better, but the ideas behind it (maybe not the execution) should lead to some new ideas and coins.
Whereas stocks pump up the corporation listing them, and investors should get a steady low risk return, as that corporation profits. But ya I am very surprised right now to see it so low, was hoping and half way expecting a tick upwards leading to Christmas... hmmmm
k, just my feelings right now about it all, a little bummed out right now about the falling price.
lol
Stocks have slumps too. Are you in it for the "idea" behind bitcoin or for the quick buck?
Both
The visa card subject has been in play for some time way before "Josh" makes it out to be. I have ideas how it could become reality too, a card, but I don't sit on the board of directors for coinbase, and alike lol
ok, about to rent some scrypt mining hashes from west hash and mine on my own p2pool server overnight