Topic: The future of Bitcoin is illegal - page 12. (Read 20070 times)

From positive side of view, a pension fund will be interested in BTC, since it will hedge the risk of high inflation rate that the current monetary policy bring, and do not put any profit pressure on government bonds. Today's pension fund have big difficulties since the return of government bonds has fall below the inflation rate, and there is high risk for government default for those high return bonds of those debt laiden country

Of course they can also hedge that risk by buying commodities and golds, but these products also have an unstable demand, BTC is much more convenient to work with

If money flow in, the price will rise, if there is a trend that all the pension funds allocate part of their portfolio into BTC, the BTC will have a constant demand and the price will rise

That is a bold assumption. It's like saying the only reason to enrich uranium is to build nuclear weapons.
Bitcoin has no intrinsic purpose - just properties. It's up to the people to use it for different things.

I think it's wrong to promote illegal activities to increase the value of bitcoin. The only exception is when the illegal is ethically pleasing.

Thus I am fixing this for you:

It does have the potential to be a leapfrog technology in places which lack a financial infrastructure but nobody's going to get rich off that.  I find it utterly ironic that what users have been demanding are the same kind of dodgy financial products which lead to real world economic problems.  Many of them will never be able to generate wealth in conventional financial markets, so they try to create those same type of markets here - with much the same result.

I'd rather spend my bitcoins than change it to EUR. I only buy EUR and USD so I can get more bitcoins when the price fluctuate.

One time note: We simply want to make the weak stronger; not dependent on the strong.

Anyways, illicit activities are the future.

Like many of you, I hold a substantial number of Bitcoins. I am interested in seeing the value of those coins go up vs. the USD so that I can sell my coins for USD in future. For me, there's no other reason to have them.

I actually think that the more able members of our society have a duty to help the weaker members, so I don't have any weird libertarian fantasies. I'm just in it for the money. The actual, folding, bank account, Visa card money.

So how can we push the price of Bitcoin up so that we can sell our coins for more? As everyone knows, in order to increase prices we need to spike demand. So why would anyone want a Bitcoin?

When Silk Road became popular last year, everyone saw how it pushed up the price of Bitcoin. I haven't actually seen many people on this forum acknowledge the fact that Silk Road is driving the Bitcoin economy. There's simply not much else to buy with Bitcoins, and unless you are a currency speculator or a Bitcoin devotee there is no other reason to turn your government backed cash into Bitcoins.

I sold a lot of coins last summer, and I made over $100,000 clear profit from an initial $1000 investment, and that was from only about half of the coins I bought for that $1000. I still have the rest. I am sure a lot of you cashed out too, for even bigger profits.

I am sure that the increase in price that I profited so much from is down, mostly, to demand spurred on by Silk Road.

There is only one reason for a normal person to want a Bitcoin - to break rules, laws, and regulations. This is the future of Bitcoin, this is what will drive the price up, and I think this is what we should all be focusing on.

I'd be interested to hear people's thoughts and ideas about this. I think that gambling in the USA is an untapped market but there may be other laws that we can help people break with Bitcoin too.