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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33576. (Read 26715090 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
http://blog.bitpay.com/2012/09/bitpay-exceeds-1000-merchants-accepting.html

Quote
As a result of the secretary of the Central Bank of Finland publicizing that bitcoin is legal to use in Finland, many businesses have seized the opportunity to accept bitcoin. Some of the rather unique merchants in Finland include a dentist office, a veggieburger restaurant chain, and a funeral service.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
member
Activity: 84
Merit: 10
governments have already come out and said bitcoin was ok

No.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner

so far the US government team america world police has reacted well, I don't think they will outright outlaw bitcoin or else the news from FINCEN and Homeland security would have had a different tone. all they seem to care about is regulating the cash flow in and out of bitcoin, its more then likely this is all they will ever do. Other governments have reacted with much more open arms, a few months ago finland government said bitcoin is A OK and not subject to regulation, the canadian government recently came out and said the same thing.


Thinking that the Government is okay with Bitcoin is not very wise. The only reason that Bitcoin is a high risk investment, in my opinion, is the huge risk of getting black swaned by authorities at one point or another. As Bitcoin grows more and more popular it will attract more and more attention from lobbyists. Lobbyists pay politicians in exchange for laws in favour of their position being passed.

Dreams of $1,000/BTC coming to fruition are totally in vain if Bitcoin can't establish itself in the cultural mainstream. Those who control society will simply suffocate the exchange of fiat for BTC if that condition can't be met, and Bitcoin will never, ever become a standalone currency without going through a period wherein its value is established in relation to fiat for the simple reason that you can't live on BTC itself right now or any point in the short/medium future.

governments have already come out and said bitcoin was ok
legendary
Activity: 1106
Merit: 1001
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.



Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   

www.bitpremier.com

So , you would buy a 200k Mercedes from a website hosted on a shared hosting , with a domain purchased via Domainsbyproxy?



No, I'd buy a 200k Mercedes from someone who is selling a 200k Mercedes. How I find them and how they find me... that's almost incidental.
legendary
Activity: 1148
Merit: 1018
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.



Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.  

You need to understand that Bitcoin is a game changer. It's a challenge and possibly a threat for to the "status quo" of the most powerful people in the world: the ones controlling monetary supply.

Bitcoin being banned by Governments at some point is a possibility predicted from the very beginning. And that's why Satoshi is a pseudonym and he/they used Tor all the time,  working hard to totally conceal his/their real identity. And it's also one of the many reasons why you do not invest in it what you cannot afford to lose.

That said, we should assume clever people is advising government. And banning Bitcoin is bad advice, because it will very likely make it stronger on the long term - because it is designed with that in mind.

It may be most effective to them to regulate it as much as they can, trying to control it, even by owning as much hash rate as possible. And if they finally decide that it's a lethal threat to the current financial system, it may be more effective for their interests to pump and crash the market at will.

But at the end of the day, there is no easy or obvious way to get rid of Bitcoin, unless the whole Internet is taken down.

 Grin
legendary
Activity: 1414
Merit: 1000
Topping google news:

Bitcoin being amalgamated to Liberty Reserve story:

"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.

Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
 

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528



It is time to develop p2p exchange (shared order book) and using WebMoney or OKPay  for p2p fiat transfers. (maybe google wallet too)

OKPay?  You are kidding.  They won't do Bitcoin transactions and they are a nightmare to get money out of.

We need fiat escrow service (some confirmation than money was send. There is not problem with bitcoin because we have block chain and everybody can see if coins was send. And it is easy to build "open source escrow bot" watching block chain. ).
full member
Activity: 133
Merit: 100

So , you would buy a 200k Mercedes from a website hosted on a shared hosting , with a domain purchased via Domainsbyproxy?


It is probably as safe as craigslist Wink
hero member
Activity: 826
Merit: 501
in defi we trust
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.



Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   

www.bitpremier.com

So , you would buy a 200k Mercedes from a website hosted on a shared hosting , with a domain purchased via Domainsbyproxy?

legendary
Activity: 1218
Merit: 1001
Topping google news:

Bitcoin being amalgamated to Liberty Reserve story:

"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.

Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
 

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528



It is time to develop p2p exchange (shared order book) and using WebMoney or OKPay  for p2p fiat transfers. (maybe google wallet too)

OKPay?  You are kidding.  They won't do Bitcoin transactions and they are a nightmare to get money out of.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
come on guys, bring it down 10-15 dollars, I need some alts to rise  Grin
legendary
Activity: 1414
Merit: 1000
Topping google news:

Bitcoin being amalgamated to Liberty Reserve story:

"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.

Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
 

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528



It is time to develop p2p exchange (shared order book) and using WebMoney or OKPay  for p2p fiat transfers. (maybe google wallet too)
member
Activity: 84
Merit: 10

so far the US government team america world police has reacted well, I don't think they will outright outlaw bitcoin or else the news from FINCEN and Homeland security would have had a different tone. all they seem to care about is regulating the cash flow in and out of bitcoin, its more then likely this is all they will ever do. Other governments have reacted with much more open arms, a few months ago finland government said bitcoin is A OK and not subject to regulation, the canadian government recently came out and said the same thing.


Thinking that the Government is okay with Bitcoin is not very wise. The only reason that Bitcoin is a high risk investment, in my opinion, is the huge risk of getting black swaned by authorities at one point or another. As Bitcoin grows more and more popular it will attract more and more attention from lobbyists. Lobbyists pay politicians in exchange for laws in favour of their position being passed.

Dreams of $1,000/BTC coming to fruition are totally in vain if Bitcoin can't establish itself in the cultural mainstream. Those who control society will simply suffocate the exchange of fiat for BTC if that condition can't be met, and Bitcoin will never, ever become a standalone currency without going through a period wherein its value is established in relation to fiat for the simple reason that you can't live on BTC itself right now or any point in the short/medium future.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1106
Merit: 1001
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.



Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   

www.bitpremier.com
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.



Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   
there's a truck for sale right now, check out good subsection.  Tongue

so far the US government team america world police has reacted well, I don't think they will outright outlaw bitcoin or else the news from FINCEN and Homeland security would have had a different tone. all they seem to care about is regulating the cash flow in and out of bitcoin, its more then likely this is all they will ever do. Other governments have reacted with much more open arms, a few months ago finland government said bitcoin is A OK and not subject to regulation, the canadian government recently came out and said the same thing.
sr. member
Activity: 411
Merit: 250
Topping google news:

Bitcoin being amalgamated to Liberty Reserve story:

"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.

Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
 

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528



whats new? thats the dwolla story.. 
legendary
Activity: 1428
Merit: 1000
Topping google news:

Bitcoin being amalgamated to Liberty Reserve story:

"A top Bitcoin exchange, Tokyo-based Mt. Gox, failed to register with FinCEN earlier this month and had its U.S. dollar accounts seized by authorities.

Over the past week, a Bitcoin unit has traded at around $130, according to the website Bitcoincharts.com."
 

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528

newbie
Activity: 49
Merit: 0
US Government making a move on Bitcoin is inevitable. The telegraphing thereof has already begun. Bitcoin has to survive the tribulation if it wants global adoption. If it doesn't survive, it'll fall into obscurity or be marginalized.



Sadly, I belive this too. Bitcoin have to survive this and become accepted by the common man and the governments . Otherwise all you can do with it is buy weed. Iwant to be able to buy a car with my coins someday.   
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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