the useless bitcoin mainstream efforts - page 2.

kjj

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Quote from: mobodick on December 25, 2012, 01:19:02 PM

Finite resource is finite.
Oil (like all non-renewable resources) stands no chance as a future source of energy.
Oil consumption is (nessesarily) going down, it will never be cheap again.

What will be left of the market will not be enough to give OPEC a serious means of power.

OPEC is a stupid goal for bitcoin...

Heh. You do know that cars don't operate by tipping gasoline into a black hole, right? All of the atoms are still here, so we can create as much gasoline and other hydrocarbon products as we want, at will. However, right now, it is cheaper to pump it out of the ground than it is to sieve carbon and hydrogen out of the atmosphere and crack up so they can form long chains.

Oil is totally 100% renewable. It is only "cheap oil" that is non-renewable.

At any rate, the "unit of account for oil sales gives dollars value" theory repeated by the OP is nonsense, and has been nonsense for decades now. No one is holding dollars against their will for oil purchases or oil sales, at least not for more than a couple hundred milliseconds. Google FOREX.

johnyj

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Beyond Imagination

Better still, Russia (And I guess they have already hacked many BTC exchanges, which showed their great interest...)

giszmo

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Quote from: Carlton Banks on December 25, 2012, 02:20:12 PM

Quote from: evoorhees on December 23, 2012, 10:28:04 AM

Quote from: klaus on December 23, 2012, 03:17:29 AM

but the really only way bring bitcoin to worldwide mainstream is to persuade (or to force) the OPEC to accept bitcoin instead of the US$ for the oil.

Hehehehe I like your ambition... but honestly the announcement from OPEC that they're switching to BTC will be waaayyy past the time when Bitcoin has already revolutionized global finance.

With any luck, we won't be using oil by that stage, either.

With any luck, bitcoin reaches mainstream before we run out of oil (aka before the majority of cars runs on other fuels).

Raoul Duke

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Quote from: greyhawk on December 25, 2012, 01:15:37 PM

Quote from: giszmo on December 25, 2012, 01:10:00 PM

Quote from: cedivad on December 23, 2012, 04:01:15 AM

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

Wired begs to differ.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/?pid=4182&viewall=true

Quote

EXPIRED: Bitcoin

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock.

Who?

Carlton Banks

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Quote from: evoorhees on December 23, 2012, 10:28:04 AM

Quote from: klaus on December 23, 2012, 03:17:29 AM

but the really only way bring bitcoin to worldwide mainstream is to persuade (or to force) the OPEC to accept bitcoin instead of the US$ for the oil.

Hehehehe I like your ambition... but honestly the announcement from OPEC that they're switching to BTC will be waaayyy past the time when Bitcoin has already revolutionized global finance.

With any luck, we won't be using oil by that stage, either.

greyhawk

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Quote from: mobodick on December 25, 2012, 01:32:40 PM

And you form an opinion based on what Wired tells you?

I don't. The mainstream does.

mobodick

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Quote from: greyhawk on December 25, 2012, 01:15:37 PM

Quote from: giszmo on December 25, 2012, 01:10:00 PM

Quote from: cedivad on December 23, 2012, 04:01:15 AM

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

Wired begs to differ.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/?pid=4182&viewall=true

Quote

EXPIRED: Bitcoin

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock.

And you form an opinion based on what Wired tells you?
I mean, these people have found out that you can search the internet for music in 2012. Are you kidding me? I've been doing that for nore than a decade now.

mobodick

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Quote from: klaus on December 23, 2012, 03:17:29 AM

i just wanna say the said truth to all the really straight guys (1) out here wasting time by their, sorry, useless bitcoin mainstream efforts.

i mean

- spreading good news
- enabling (big) online/offline merchant to accept bitcoin
- accept bitcoin as a merchant
- use bitcoin in daily life as much as possible

is all sweet & easy. thank you!

but the really only way bring bitcoin to worldwide mainstream is to persuade (or to force) the OPEC to accept bitcoin instead of the US$ for the oil.

if that ever happens were in the 'mahatma gandhi *then we win* phase'
amazon, ebay, facebook etc.; break paypal; .. are all minor or just small steps on the road. OPEC is the goal.

do you have thoughts or ideas how to come so far or other useful comments?

(1) no shorttime interested bitcoin or us$ hoarders/traiders

Finite resource is finite.
Oil (like all non-renewable resources) stands no chance as a future source of energy.
Oil consumption is (nessesarily) going down, it will never be cheap again.

What will be left of the market will not be enough to give OPEC a serious means of power.

OPEC is a stupid goal for bitcoin...

greyhawk

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Quote from: giszmo on December 25, 2012, 01:10:00 PM

Quote from: cedivad on December 23, 2012, 04:01:15 AM

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

Wired begs to differ.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/?pid=4182&viewall=true

Quote

EXPIRED: Bitcoin

At the height of its popularity, Bitcoin was trumpeted as a viable alternative currency for the internet age, a monetary system engineered to prevent theft, gaming, and criminalization. Then came the malware, the black market, the legal ambiguities and The Man. Today, you can't even use it to buy Facebook stock.

giszmo

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Quote from: cedivad on December 23, 2012, 04:01:15 AM

Secondly, we don't need a super super billion dollar economy crashing in the 100M dollar economy of bitcoin, thank you.

Or to put in perspective, if the average deal size far exceeds the market cap of BTC, even the most courageous oil dealers wouldn't touch BTC with a 100 feet pole. If you settle a 1million dollar deal, you move the market by 100%. How on earth would you settle an 1 billion dollar deal?

We are still at a point where nobody expecting daily turnover of more than $100k would feel comfortable using BTC. Exchanges are an exception as they are 100% independent of the volatility. In fact volatility brings them business.

This is the reason why we have to go from low turnover to higher turnover gradually.

Quote from: cedivad on December 23, 2012, 04:01:15 AM

Btw: bitcoin will begin to go mainstream in 50 days from now. I will bet my money on that.

Huh? It's going mainstream since almost 4 years and will continue to do so for a long while before any serious news outlet will ask "Is BTC mainstream?".

ShadowOfHarbringer

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Bringing Legendary Har® to you since 1952

OMG, OPEC LOL ? I hope OP is seriously not serious. This better be trolling.

paraipan

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Quote from: Lethn on December 23, 2012, 12:19:32 PM

If you guys stop acting like evangelicals then we won't even need to say anything to get people to accept Bitcoin, taxes and government debt will bring them to us all by itself and it's already working because people are looking for alternatives.

+1, I've seen it happen too many times already, because bitcoin IS an alternative

Lethn

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If you guys stop acting like evangelicals then we won't even need to say anything to get people to accept Bitcoin, taxes and government debt will bring them to us all by itself and it's already working because people are looking for alternatives.

mjc

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Available on Kindle

OPEC takes BTC

The next move would be for the US to build a 1,000 PH mining rig. :-)

BlackBison

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OPEC lol. Yea cos the middle east is at the cutting edge of world innovation right..

John (John K.)

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Away on an extended break

Quote from: cedivad on December 23, 2012, 11:32:21 AM

Quote from: malevolent on December 23, 2012, 10:58:32 AM

China is too big and powerful for the US to attack them. Not to mention that US depends financially on China buying US debts and US buying Chinese goods.

US could simply print as much money as needed to repay their own debt.

Isn't that funny?

US uses its military to 'repay' its debt. It's like the analogy of debt collectors avoiding the mafia bosses.

cedivad

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Quote from: malevolent on December 23, 2012, 10:58:32 AM

China is too big and powerful for the US to attack them. Not to mention that US depends financially on China buying US debts and US buying Chinese goods.

US could simply print as much money as needed to repay their own debt.

Isn't that funny?

laughingbear

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Quote from: Gabi on December 23, 2012, 10:53:19 AM

China started trading oil in yuan. America did not attack them and nothing happened.

That you know of. You are nuts if you don't think Iran factors into this. I think this is HUGE WWIII type of stuff playing out.
http://etfdailynews.com/2012/10/09/china-russia-and-the-end-of-the-petrodollar/

malevolent

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China is too big and powerful for the US to attack them. Not to mention that US depends financially on China buying US debts and US buying Chinese goods.

Gabi

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If you want to walk on water, get out of the boat

China started trading oil in yuan. America did not attack them and nothing happened.

Topic: the useless bitcoin mainstream efforts - page 2. (Read 5264 times)