Topic: my intuition says: we're sitting on a rocket about to be ignited - page 4. (Read 36884 times)
March 15, 2014, 09:34:14 AM
Yes. I feel the same. A familiar feeling. We have started building our base, and the pressure is just starting to grow. I think/feel we have a couple of months of boredom before the big movements. The pressure is just not strong enough yet. But it is there.
March 15, 2014, 06:28:49 AM
Austin Global Exchange is a solid start to the wave. https://agx.io/
Has been a pleasure working with them the past week. Excited for regular trading to start and for them to add Fiat trading pairs.
Has been a pleasure working with them the past week. Excited for regular trading to start and for them to add Fiat trading pairs.
March 15, 2014, 06:26:04 AM
Anybody think we're on a secret rocket now? I can't help but feel like that's the case now... by all metrics, the user base has more than doubled since last November... and it seems like a wave of US-based exchanges opening up is just around the corner...
I had the same feeling this morning as well. This feeling is very familiar.
March 15, 2014, 06:12:26 AM
Anybody think we're on a secret rocket now? I can't help but feel like that's the case now... by all metrics, the user base has more than doubled since last November... and it seems like a wave of US-based exchanges opening up is just around the corner...
This just popped up in my feed. These were the days, if only I had bought 50x more Bitcoin back then! lol! March 15, 2014, 05:59:13 AM
Anybody think we're on a secret rocket now? I can't help but feel like that's the case now... by all metrics, the user base has more than doubled since last November... and it seems like a wave of US-based exchanges opening up is just around the corner...
April 20, 2013, 03:05:16 PM
regarding WU and BTC.....
There is another aspect of the Western Union business that I haven't seen touched upon yet... That is their Bill Pay service. There are a LOT of companies that have bill pay agreements with WU.
For example.. Lets take a well known bank.. Citi .. If you are coming up on "late charge day" and you need to pay your mortgage NOW .. you can take cash down to your local WU office and pay your mortgage IN CASH and have the payment credited same day.
Same thing with my local electric company... if you need to pay your bill TODAY or have your electric shut off, you can pay cash at the local WU office.
A lot of other banks and utilities have this same agreement with WU.
So, for those of you who keep saying "When I can pay my mortgage in BTC then.. bla bla bla.." ... well get ready for the bla bla bla.. cuz if WU starts dealing in BTC, you can do exactly that.. PAY YOUR MORTGAGE WITH BTC.
Sigg
There is another aspect of the Western Union business that I haven't seen touched upon yet... That is their Bill Pay service. There are a LOT of companies that have bill pay agreements with WU.
For example.. Lets take a well known bank.. Citi .. If you are coming up on "late charge day" and you need to pay your mortgage NOW .. you can take cash down to your local WU office and pay your mortgage IN CASH and have the payment credited same day.
Same thing with my local electric company... if you need to pay your bill TODAY or have your electric shut off, you can pay cash at the local WU office.
A lot of other banks and utilities have this same agreement with WU.
So, for those of you who keep saying "When I can pay my mortgage in BTC then.. bla bla bla.." ... well get ready for the bla bla bla.. cuz if WU starts dealing in BTC, you can do exactly that.. PAY YOUR MORTGAGE WITH BTC.
Sigg
April 20, 2013, 02:38:06 PM
Regarding WU and their ilk... I find it hilarious that Bitcoin is forcing them into Prisoner's dilemma AKA "a bunch of blindfolded guys are being tortured in a helicopter" scenario.
Invest into popcorn. Let's see who will chose to stay in the helicopter.
P.S. We are about to embark onto watching a new spectator sport called competitive adoption of Bitcoin.
I don't think they feel threatened. If so they would have start a FUD campain or ignore btc as a first stance. Btc is still VERY anecdotic.Invest into popcorn. Let's see who will chose to stay in the helicopter.
P.S. We are about to embark onto watching a new spectator sport called competitive adoption of Bitcoin.
I think they have some clever guy up in the company ( the boss?) and also consider that they have already did some drastic changes. They use to be a telegraph company.
So i think they are just considering an opportunity.
Now if they accept bitcoin all the competitors will rush into it that is for sure because the others will be at risk of being left behind.
They would have to be extremely naive to not be threatened by bitcoin. If they are not naive, they know what would happen by trying to put it down (how well did that go for the music industry?). The absolute best thing they can do is to modify their business model to incorporate developing technologies like this (as they have done many times in the past) and as they can make a good buck from it, they are doing so. Kudos to them if they create the first worldwide physical exchange infrastructure for bitcoin. Both bitcoin and WU will win big from this.
April 20, 2013, 01:15:09 PM
P.S. We are about to embark onto watching a new spectator sport called competitive adoption of Bitcoin.
It is exciting to watch, no?It is already exciting. I even came up with the name for it Competitive ADOption Of Bitcoin -> cadoob.
glub0x@ the helicopter is just starting, the blades are just beginning to spin, those guys do not know yet that they are going to have to ride it and that they will be blindfolded when in the air.
Vladimir, you're a bright fellow, so we'll forgive you the cadoob faux pas... It's CADO, man! How could you miss that?
April 20, 2013, 12:04:00 PM
P.S. We are about to embark onto watching a new spectator sport called competitive adoption of Bitcoin.
It is exciting to watch, no? 
April 20, 2013, 11:48:26 AM
Regarding WU and their ilk... I find it hilarious that Bitcoin is forcing them into Prisoner's dilemma AKA "a bunch of blindfolded guys are being tortured in a helicopter" scenario.
Invest into popcorn. Let's see who will chose to stay in the helicopter.
P.S. We are about to embark onto watching a new spectator sport called competitive adoption of Bitcoin.
I don't think they feel threatened. If so they would have start a FUD campain or ignore btc as a first stance. Btc is still VERY anecdotic.Invest into popcorn. Let's see who will chose to stay in the helicopter.
P.S. We are about to embark onto watching a new spectator sport called competitive adoption of Bitcoin.
I think they have some clever guy up in the company ( the boss?) and also consider that they have already did some drastic changes. They use to be a telegraph company.
So i think they are just considering an opportunity.
Now if they accept bitcoin all the competitors will rush into it that is for sure because the others will be at risk of being left behind.
April 20, 2013, 07:01:16 AM
bitcoin already transfers quite easily by itself.
They can and should do the last mile. Like:
BTC-> WU website -----> WU Agent -> local currency
and
BTC ->WU Agent -----> WU Agent -> local currency
and
local currency->WU Agent -> BTC
They, however, probably simply want to buy bitpay, based on the article.
I agree.
If they did BTC/Fiat exchange in their numerous branches they could probably charge a pretty high fee and people would still use it. However, they'd cut into their current bussiness model. It'd be a far-sighted move and probably save them in the long run, but I doubt they're capable of doing it.
At any rate, they've seen the writing on the wall, and instead of moving to crush it they're moving to work with it. Their business model is one of the most fundamentally threatened of all finance related, and BTC still needs a reliable mass way to convert cash -> BTC and back. Western Union might be able to help and still draw some profit out of it. Win-Win!
April 20, 2013, 02:03:20 AM
bitcoin already transfers quite easily by itself.
They can and should do the last mile. Like:
BTC-> WU website -----> WU Agent -> local currency
and
BTC ->WU Agent -----> WU Agent -> local currency
and
local currency->WU Agent -> BTC
They, however, probably simply want to buy bitpay, based on the article.
I agree.
If they did BTC/Fiat exchange in their numerous branches they could probably charge a pretty high fee and people would still use it. However, they'd cut into their current bussiness model. It'd be a far-sighted move and probably save them in the long run, but I doubt they're capable of doing it.
April 18, 2013, 07:24:38 PM
Not going to happen.
BTC will only take off once there is a killer use for it. Either mobile payments or electronic payment on the Internet. Before that, it will remain somewhat of a curiosity.
BTC will only take off once there is a killer use for it. Either mobile payments or electronic payment on the Internet. Before that, it will remain somewhat of a curiosity.
Admittedly I'm answering a 5 month old question but:
My business is using it right now. Tens of thousands of others are too.
From an investment point of view if you wait until the killer app appears you've waited too long.
But good call
April 18, 2013, 06:35:49 PM
BOOOOOMMM goes the dinomite!! 
April 18, 2013, 06:29:41 PM
Here comes the ignition!
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
Quote
Western Union Co. (WU) and MoneyGram International Inc. (MGI) are studying ways their customers could use their services to send and receive money transfers denominated in bitcoins, the companies' executives say.
Read more: http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/#ixzz2Qr9MohMK
Read more: http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/#ixzz2Qr9MohMK
wtf. If anything makes sense for these guys is to become local BTC/Fiat exchangers.
bitcoin already transfers quite easily by itself.
wait my friends.
present: i need to send money from my bank account around the globe and wait my ass off before the frickin fiat is finally on my goxaccount. half the exchanges don´t make it. the biggest one has "too much success" -- in short: it´s only for enthusiasts, early adopters, fans, nerds, and other lucky bastards right now.
with western union: you can just walk over to the wu in your city and get your btc right "over the counter". instantly. the entire business day. if you don´t see how that would change things... everyone could get involved. get ready for the MASSES. good news.
+1
April 18, 2013, 05:32:25 PM
Here comes the ignition!
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
Quote
Western Union Co. (WU) and MoneyGram International Inc. (MGI) are studying ways their customers could use their services to send and receive money transfers denominated in bitcoins, the companies' executives say.
Read more: http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/#ixzz2Qr9MohMK
Read more: http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/#ixzz2Qr9MohMK
wtf. If anything makes sense for these guys is to become local BTC/Fiat exchangers.
bitcoin already transfers quite easily by itself.
+1
April 18, 2013, 05:20:46 PM
Here comes the ignition!
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
Quote
Western Union Co. (WU) and MoneyGram International Inc. (MGI) are studying ways their customers could use their services to send and receive money transfers denominated in bitcoins, the companies' executives say.
Read more: http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/#ixzz2Qr9MohMK
Read more: http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/#ixzz2Qr9MohMK
wtf. If anything makes sense for these guys is to become local BTC/Fiat exchangers.
bitcoin already transfers quite easily by itself.
April 18, 2013, 04:11:33 PM
Here comes the ignition!
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
http://www.foxbusiness.com/news/2013/04/18/bitcoin-buzz-draws-western-union-moneygram/
April 18, 2013, 03:47:36 PM
They want cheap coins.
It's not really bullish, nor is it manipulative.
It's not really bullish, nor is it manipulative.
April 18, 2013, 03:32:00 PM
Rocket Refuel - Check
All systems prepare for liftoff
All systems prepare for liftoff
Exactly. Insane amounts of fiat popping up on Gox's orderbook, far more than the amount of fiat when we were > 200 per coin, and still going up fast.
Fiat available is not the driving factor behind the price, though. BTC available is much more reliable as an inverse indicator.
Nevertheless, it's nice to see about 21 mil on the orderbook.
Jump to: