Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22969. (Read 26709845 times)

hahaha i smell BULSHIT  

http://bitforum.info/t/a-50-drop-in-cryptocurrency-transactions-this-year-is-imminent/226?u=angelo/

"Juniper Research's recent report said that volume of the transactions made by cryptocurrency will be decreasing by 50% as we approach the end of 2015.

Dr. Windsor Holden who authored the study, gave different factors as proof why he reached that conclusion. The study mentioned Dogecoin, Litecoin and Auroracoin for their strong 2014 start, but also cited a 5% value drop in dollars in the transactions they made on the same year. It was implied that these drops might reach 50% by the end of this year.

Although big companies and leading retailers are now considers Bitcoin as a payment option, the report is still not on our side. According to the study, they believe that the cryptocurrency technology does not appeal to the "not-so-tech-savvy" people. This means, although big merchants and businesses are now accepting bitcoin, that will not solve the problem. To solve it, user adoption should increase as well.

Dr. Holden further added more factors about the result of their research. For example, he doesn't believe that cryptocurrency regulation and licensed exchanges will not be of help in cryptocurrency's stabilize its economy because of the fact that people stay away from dealing with it because they feel unsecured, a result of the incidents that happened in Mt. Gox and Bitstamp...."

 

9:45AM EST

Fonsie is a permabull. Fonzie talks his book. You're welcome.

Oh yeah?  Then how do you explain this undeniable exponential growth over the last half hour, huh?

fun fact...we call them frankfurter sausages

'
Ah, I see.  Sorry for my ignorance, don't know much about Australia, just the usual stuff--Fin de siecle/Vienna Secession, Vienna sausages, Crocodile Dundee, Nazis, Kangaroos--that sort of thing.

Don't talk in absolutes. You cannot know that.

i am not a doctor...but that was one of the 101 programs

To claim that the (continuing) impact of the internet, which is now intertwined with society and with business, education, media, news, shopping..... is minor, or even as "insignificant" as the fax machine is nothing short of daft. Krugman was plainly wrong, plainly, plus, the internet as we know it was just the start, internet of things next, couple that with big data analytics,  automation and robotics, decentralised and blockchain technologies, etc  and we are literally only just at the start of what the internet can do, make no mistake the world is on the cusp of more huge changes. The internet is playing its role.  Krugman was suggesting that by 2005 internet would have reached its peak of usefulness.. well he was wrong, and it is now 2015, and the internet is just getting its boots on, there was no final whistle blown in 2005, Krugman was wrong, and the internet is still here, and what is more it is about to grow at an exponential rate (as the remaining population are brought online and as the internet of things becomes a reality)

Krugman is a numpty.

Besides the impact of the fax machine was nothing to be sniffed at.

Sometimes people get it wrong-

"I think there is a world market for maybe five computers." Thomas Watson, president of IBM, 1943

 "Television won't be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night." Darryl Zanuck, executive at 20th Century Fox, 1946

 "There is no reason anyone would want a computer in their home." Ken Olsen, founder of Digital Equipment Corporation, 1977

 "Almost all of the many predictions now being made about 1996 hinge on the Internet's continuing exponential growth. But I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995

"Two years from now, spam will be solved." - Bill Gates, founder of Microsoft, 2004

It is not always obvious what will and what will not happen.... though, personally and without doubt, the second I heard of the internet in the 90's.. I knew that it was a hugely significant event for humans, for society... and it is.

It may not all have happened quite as fast as some predicted, but the effects of the internet, on every aspect of society are going to grow more and more profound, and they are going to accelerate.  It was the case 20 - 30 years ago, that when futurists made tech predictions, the good ones at least were right, but optimistic on the timescales. Nowadays it seems to be the other way around, there are leaps being made in technology, that a few years ago, we were told, would take 10-15 years to become reality, and in fact they are starting to occur already.

Fax machines were great.

The internet is far superior and more useful.

It is safe to say that "the future IS already here... it is just not evenly distributed"    is becoming closer to being true on a daily basis.

Does anyone really think that the internet is not going to continue to be hugely significant going into the future?

No.

Which doctorate program?

11h31m left. This mofo is going To Da Moon and Beyond!

http://new.livestream.com/spacex/events/3783845

ok...this feels like talking to that old bartender that told me no one needs the internet...he never used it so there is no use in it

is this part of your computer science 101 lesson you punish your students with?
at my alma mater (Technical University Vienna) our prof was more creative than that...i guess he is a much more interesting prof at all (he is also really affine with pop culture or things that are moving the tech world while your pop reference was talk shows and homer simpson...that is kind of lame)

but we had a similar exercise....make a photograph of everything that is software broken (like atm's or tv showscreens)...i made a lot of bluescreen pictures or stuck windows booting screens back then

Beware the beast Bitcoiner, for he is the Devil's pawn. Alone among God's primates, he scams for sport or lust or greed. Yea, he will betray his brother to possess his brother's land. Let him not breed in great numbers, for he will make a desert of his home and yours. Shun him; drive him back into his jungle lair, for he is the harbinger of death.

was curious the other day as to what the global illicit drug trafficking statistics were ... yknow ... since that's probably the only better real world use for bitcoin vs other transaction methods ... and wiki puts it at between 400 billion usd and 4000 billion usd (it being somewhat difficult to estimate such things) ... per year ... putting it in the same league as the oil/petrochemical industry , food supply industry , arms industry ,  etc ... yeah i was shocked at how huge a number it is too ... global economy total production is what? ... 72 trillion a year and illicit drugs make up perhaps as much as 4 trillion of the 72 ... so if you folks want to know what will save bitcoin ... it'll be when major multinational drug cartels decide to adopt bitcoin instead of ... yknow ... duffel bags of cash and crates of guns ... a couple trillion dollars a year of trafficking trade volume would probably push the price up huh ? ... at this point i'm pretty sure that's what can do it , not mass adoption ...

Ha, thanks for the heads-up! Yeah well, I'm quite resilient when it comes to people telling me when to buy or to sell But I love taking bitcointalk members as indicators. Remember when Shroomskit traded his 2 BTC down to 1 BTC within days last summer?

Coin
Explanation