This way Paypal will damage the brand of bitcoin.
Topic: Post Paypal announcement price - page 3. (Read 3589 times)
What do you think?
I'm assuming you mean a hypothetical future announcement, since they have only said they are "looking at it".
"following an announcement" implies a hypothetical future announcement in this context
Let’s say that merchants and big company like steady price growth or stable price, if they don’t have that they will leave or they will never come into Bitcoin world.
This extreme volatility will turn off merchants. High volatility could only attract your friends and neighbors when you tell them, you know price growth is 100% a week and they will hurry to buy some coins.
What you did not tell them that they are just a small fish which feeds the huge sharks that swim in these seas… Every rally makes big fish, bigger and small fish, well… fish food. Maybe, there are a few of lucky ones, which follow the big sharks and feed with the small chunks that fall out of shark mouth, but they will be small forever.
Long term, how would it look like if we fail to attract merchants into bitcoin, well, something like this:
http://www.youtube.com/watch?v=mfLnLwFcSBc
Think about that…
This extreme volatility will turn off merchants. High volatility could only attract your friends and neighbors when you tell them, you know price growth is 100% a week and they will hurry to buy some coins.
What you did not tell them that they are just a small fish which feeds the huge sharks that swim in these seas… Every rally makes big fish, bigger and small fish, well… fish food. Maybe, there are a few of lucky ones, which follow the big sharks and feed with the small chunks that fall out of shark mouth, but they will be small forever.
Long term, how would it look like if we fail to attract merchants into bitcoin, well, something like this:
http://www.youtube.com/watch?v=mfLnLwFcSBc
Think about that…
What do you think?
I'm assuming you mean a hypothetical future announcement, since they have only said they are "looking at it".
I will see this as the first step in the "can't beat 'em, lets join 'em" cascade. But in the long run, paypal will die because Bitcoin obviates its function.
What do you think?
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