Topic: The real bitcoin killer app is already here - page 3. (Read 3085 times)
They are all in diffrenct country i don think they will crash .
More industry regulations are required in order for this to be a reality. Too easy to pack up and leave. We would need an agency protecting the funds.
That's totally understandable. That's why bitcoiners ought to work together to pressure those entities to OK third party accounting and other checks. Which will make them stronger and enable more mass adoption...
With the blockchain and a concerted effort, there ought to be a way to do this.
The alternative, I suppose, is to wait for the heavy hitters like coinbase, bit pay, and bitstamp to offer interest. You would think the former two could find a market-effiecient way to pull it off. Maybe inventory advances, peer to peer lending or something else...
The ability to earn interest is a very attractive feature...
With the blockchain and a concerted effort, there ought to be a way to do this.
The alternative, I suppose, is to wait for the heavy hitters like coinbase, bit pay, and bitstamp to offer interest. You would think the former two could find a market-effiecient way to pull it off. Maybe inventory advances, peer to peer lending or something else...
The ability to earn interest is a very attractive feature...
Agreed. If they go ahead with the independent audits I would feel safer for sure.
That's totally understandable. That's why bitcoiners ought to work together to pressure those entities to OK third party accounting and other checks. Which will make them stronger and enable more mass adoption...
With the blockchain and a concerted effort, there ought to be a way to do this.
The alternative, I suppose, is to wait for the heavy hitters like coinbase, bit pay, and bitstamp to offer interest. You would think the former two could find a market-effiecient way to pull it off. Maybe inventory advances, peer to peer lending or something else...
The ability to earn interest is a very attractive feature...
With the blockchain and a concerted effort, there ought to be a way to do this.
The alternative, I suppose, is to wait for the heavy hitters like coinbase, bit pay, and bitstamp to offer interest. You would think the former two could find a market-effiecient way to pull it off. Maybe inventory advances, peer to peer lending or something else...
The ability to earn interest is a very attractive feature...
I like the idea but I am quite hesitant to put anything on the line to try it until they have been around a while. I made the mistake once of being the guinea pig and will not do that again.
And it is sitting right under everyone's nose...
It is the finite supply and thus the power for bitcoin holders to earn interest.
Bitfinex, Huobi, and Delta Financial are already offering interest bearing bitcoin accounts. They lend the bitcoin out to margin traders. Adoption of this model could revolutionize Wall Street, commodity trading, and many other financial platforms. Apply it to a currency that is a lot less inflationary than the US dollar and most US currencies and you have legitimate interest rates with real returns.
I am not saying all three of the above will survive. One or all could possibly crash and burn. But the idea of doing what is tantamount to peer to peer lending for margin trading is really avant garde and is an incredible feature that only works with bitcoin due to its finite supply.
Combine that with the ability to earn interest on a scarce supply currency and you have a killer app!
What we ought to be doing as a community now is helping to vet the platforms on which BTC holders can earn interest, ask for rigorous audits, and for those platforms that deserve it, spread the word that there is a currency out there with a limited supply that pays a real, dependable rate of interest.
Now a few on this site will probably bust my chops for calling bitcoin a currency and put me down on semantics. Some more will say all three sites offering interest are a scam. For the head in the sand skeptics and tin foil nuts, please don't waste your time, I'm already anticipating your nonsense, as this site is not exactly known for level headed clear thinking.
What would instead be fruitful would be a discussion of how we can refine this killer app. for which there is a real need in a world of central bank manipulation of the money supply and 0% interest rates. Refine, verify, and publicize and watch bitcoin adoption grow.
It is the finite supply and thus the power for bitcoin holders to earn interest.
Bitfinex, Huobi, and Delta Financial are already offering interest bearing bitcoin accounts. They lend the bitcoin out to margin traders. Adoption of this model could revolutionize Wall Street, commodity trading, and many other financial platforms. Apply it to a currency that is a lot less inflationary than the US dollar and most US currencies and you have legitimate interest rates with real returns.
I am not saying all three of the above will survive. One or all could possibly crash and burn. But the idea of doing what is tantamount to peer to peer lending for margin trading is really avant garde and is an incredible feature that only works with bitcoin due to its finite supply.
Combine that with the ability to earn interest on a scarce supply currency and you have a killer app!
What we ought to be doing as a community now is helping to vet the platforms on which BTC holders can earn interest, ask for rigorous audits, and for those platforms that deserve it, spread the word that there is a currency out there with a limited supply that pays a real, dependable rate of interest.
Now a few on this site will probably bust my chops for calling bitcoin a currency and put me down on semantics. Some more will say all three sites offering interest are a scam. For the head in the sand skeptics and tin foil nuts, please don't waste your time, I'm already anticipating your nonsense, as this site is not exactly known for level headed clear thinking.
What would instead be fruitful would be a discussion of how we can refine this killer app. for which there is a real need in a world of central bank manipulation of the money supply and 0% interest rates. Refine, verify, and publicize and watch bitcoin adoption grow.
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