is this bad or good news? | Bitcointalksearch.org

Hazir

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Quote from: oblivi on March 17, 2015, 02:14:51 PM

Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

Good news. Everything that can lead attention to Bitcoin itself is good news, for Bitcoin can not be defeated under any circumstances whatsoever.

Of course it can be defeated, people can do it very easily and there is dozen ways to bomb bitcoin functionality. First of all bitcoin itself is indeed quite safe as long as network operates but bitcoin without its satellite services are just and 'experiment' so if government really want to spoil bitcoin they simply need to 'regulate' bitcoin related business.

doggieTattoo

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Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

There are thousands of other crypto currencies and not one of them have overtaken Bitcoin in popularity, what makes you think another random one will. jsut because it is sponsered by IBM, doesn't mean that it will stick.

Eastwind

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Quote from: soowein on March 25, 2015, 05:19:53 PM

Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

It's neither good or bad, it's whatever. If they're going to make a coin, somebody with time and coins is going to screw them over
and turn it into a pump and dump scheme.

This already happened to bitcoin.

coinpr0n

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Quote from: maku on March 16, 2015, 08:15:42 PM

Quote from: rapsaodan84 on March 16, 2015, 07:25:41 PM

Quote from: SargeR33 on March 16, 2015, 01:48:42 AM

I really do believe that if Bitcoin was to die, it would have died a long time ago. Sure it might drop in price but this technology will be around a lot longer than you think.

I don't think it's possible for it to die completely but who knows it could go to $50k or $5.

Price like that won't happen, don't worry. Amount of assets invested in bitcoin is already too great to abandon this project just like that. Big players won't let it die like that, and with their help we could be able to push and pump price to reasonable value.

I agree it's not about to die. It's got enough momentum to be around for the foreseeable future. But it could see some changes in time if it were necessary. Many will copy or implement their own versions (read: blockchains) but they're not about to replace Bitcoin.

asuryan180

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Quote from: Snail2 on March 17, 2015, 10:12:59 AM

BTW this is pretty much a paved way for total financial control and surveillance, but on the other hand this initiative will definitely raise awareness and maybe acceptance of bitcoin. Perhaps we should rename BTC as "Freedom"

.

You are probably right about it paving the way to total financial control which they pretty much have now anyway in all honesty, this is also what i think the harder they try cut bitcoin out or copy it is just going to make it stronger. I like the name freedom and that suits the project an awful lot. Long live bitcoin/freedom Wink

It is time the old makes way for the new..

soowein

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Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

It's neither good or bad, it's whatever. If they're going to make a coin, somebody with time and coins is going to screw them over
and turn it into a pump and dump scheme.

oblivi

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Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

Good news. Everything that can lead attention to Bitcoin itself is good news, for Bitcoin can not be defeated under any circumstances whatsoever.

AtheistAKASaneBrain

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Quote from: albert11 on March 13, 2015, 01:40:17 PM

Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/
IT SAYS THIS WILL "REPLACE" BITCOIN,

which quote are you refering to ?

This. I've read the entire thing but I can't find that. I think OP is just over reacting and being paranoid.

Snail2

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BTW this is pretty much a paved way for total financial control and surveillance, but on the other hand this initiative will definitely raise awareness and maybe acceptance of bitcoin. Perhaps we should rename BTC as "Freedom"

.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

I believe this is a good thing, because no matter how hard they try to replicate bitcoin - they cant. Bitcoin is idea beyond the algorytm, its created to be without third party, and none of the fed issued clone-coin will ever do that. They dont want changes, they want to present the same thing we have today in a new light in hope to trick public again.

But its a good thing that theyre trying, because theyre triggering the bitcoin paradox (when you are trying to stop something, and by doing so, u actually create reality u wanted to avoid) that will make bitcoin even stronger. And the competition is always welcomed, like in any other business, it will provide better resource for public.
All thing considered, they actually boosted bitcoin, but that doesnt mean we are going to see "the moon" anytime soon, bitcoin has a lot of security issues it needs to take care of, if not by new idea of developers, then by regulations.

cheers

ChuckBuck

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better everyday ♥

What do they often say "Imitation is the sincerest form of flattery", well I think that applies here with the IBM news.

IBM, a multi billion dollar company, trying to copycat Bitcoin's blockchain can only be a win win.

Anytime, you have a competitor trying to copy your ideas, ultimately fail, and cause people to just focus on the original is just good news period.

foxkyu

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Quote from: maku on March 16, 2015, 08:15:42 PM

Quote from: rapsaodan84 on March 16, 2015, 07:25:41 PM

Quote from: SargeR33 on March 16, 2015, 01:48:42 AM

I really do believe that if Bitcoin was to die, it would have died a long time ago. Sure it might drop in price but this technology will be around a lot longer than you think.

I don't think it's possible for it to die completely but who knows it could go to $50k or $5.

Price like that won't happen, don't worry. Amount of assets invested in bitcoin is already too great to abandon this project just like that. Big players won't let it die like that, and with their help we could be able to push and pump price to reasonable value.

absolutely agree, that's not gonna happen
i think bitcoin will never fall to $5 or raise up to $50k
and i'm sure in the future there will be more big company accept bitcoin

GenieBTC

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Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

A company who considers cryptocurrency into their platforms are considered wise.
https://bitcointalksearch.org/topic/ibm-rumored-to-be-developing-bitcoin-alternative-987124

They should not fall behind the trend.

rapsaodan84

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Quote from: maku on March 16, 2015, 08:15:42 PM

Quote from: rapsaodan84 on March 16, 2015, 07:25:41 PM

Quote from: SargeR33 on March 16, 2015, 01:48:42 AM

I really do believe that if Bitcoin was to die, it would have died a long time ago. Sure it might drop in price but this technology will be around a lot longer than you think.

I don't think it's possible for it to die completely but who knows it could go to $50k or $5.

Price like that won't happen, don't worry. Amount of assets invested in bitcoin is already too great to abandon this project just like that. Big players won't let it die like that, and with their help we could be able to push and pump price to reasonable value.

Price like that won't happen. Do you mean $5? or $50k too?

duckydonald

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Pre-sale - March 18

This is scary because we all know that greed has been tied to mining of bitcoin, Im sure many miners will flock to mine, but fuck it, dump it for bitcoin right, we can hurt it by mining it and dumping it, right!!!!!

also another thing we can do is take coin names that they will use, and fuck its name up, so by time they release it, it will gain no traction

maku

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Quote from: rapsaodan84 on March 16, 2015, 07:25:41 PM

Quote from: SargeR33 on March 16, 2015, 01:48:42 AM

I really do believe that if Bitcoin was to die, it would have died a long time ago. Sure it might drop in price but this technology will be around a lot longer than you think.

I don't think it's possible for it to die completely but who knows it could go to $50k or $5.

Price like that won't happen, don't worry. Amount of assets invested in bitcoin is already too great to abandon this project just like that. Big players won't let it die like that, and with their help we could be able to push and pump price to reasonable value.

deluxeCITY

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Quote from: LordSonjai on March 13, 2015, 01:23:31 PM

https://www.cryptocoinsnews.com/bitcoin-value-gets-boost-fed/

IBM AND THE FEDERAL GOVERNMENT ARE NOW ON THE CRYPTO CURRENCY BANDWAGON AND IT SAYS THIS WILL "REPLACE" BITCOIN,NOT THAT THAT IS POSSIBLE BUT THIS IS BAD RIGHT?

No not in my opinion that is not bad but it is actually good

what i mean is they are paying attention they are no longer ignoring us we will have them start a fight with us soon enough, they will realize it is a waste of time and we will win when they join us, which i believe they will. Of course i can be wrong but i can't see them making anything close to the level bitcoin is at, even if they do where will be bitcoin be then with the free publicity. They will soon join us Grin

rapsaodan84

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Quote from: SargeR33 on March 16, 2015, 01:48:42 AM

I really do believe that if Bitcoin was to die, it would have died a long time ago. Sure it might drop in price but this technology will be around a lot longer than you think.

I don't think it's possible for it to die completely but who knows it could go to $50k or $5.

HarmonLi

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Honest 80s business!

Well, just go and try to replace something. It's still up to the people to actually decide what you want to use! It's funny how often someone tries to introduce a new standard or something and the only thing they do is just add another one - there's an XKCD about this, of course!

turvarya

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If I get the BNN article right(not the crappy Cryptocoin News-Article, which is mostly about the price),
they want to keep the old system, but add a blockchain, a public ledger. That means, nothing changes but all your transactions are public known.
Who is going to voluntarily use that? Where is the use case for that technology? Why not just use cash, which is not public known?
The blockchain for bitcoin makes sense, because we have to know, where the money comes from. If we use a fiat blockchain, you most likely just see, that a bank put new USD on the blockchain. That doesn't in any way change, that they can easily rig the system without you knowing.

I wonder, how the ads for that would look like. I can't think of a way to present it, to make people want to use it.

Topic: is this bad or good news? (Read 4134 times)