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Topic: We need only 1 big company of USA to start accepting Bitcoin - page 2. (Read 6108 times)

legendary
Activity: 2674
Merit: 2965
Terminated.
Lets go Ebay  Grin Ebay will be the first to except BTC.
I highly doubt that it will even be among the first.
hero member
Activity: 560
Merit: 500
StayFocus and LIVE
Lets go Ebay  Grin Ebay will be the first to except BTC.
legendary
Activity: 1400
Merit: 1013
Well I guess there is a chance, pretty much similar to the chance of I'm generating a new address that already contains 111,111 BTC
They said that about the USSR too, right up until the day before it no longer existed.
legendary
Activity: 2674
Merit: 2965
Terminated.
well that can't actually happen, since that would be roughly equal to money supply of the entire world, meaning every single country has to adopt Bitcoin as the sole currency.
Why do you take it as a given that this can't happen?

Well I guess there is a chance, pretty much similar to the chance of I'm generating a new address that already contains 111,111 BTC
Make a bot that keeps generating addresses. When you achieve speeds of 10,000 addresses a second you might get that one day.  Cheesy
legendary
Activity: 1806
Merit: 1003
well that can't actually happen, since that would be roughly equal to money supply of the entire world, meaning every single country has to adopt Bitcoin as the sole currency.
Why do you take it as a given that this can't happen?

Well I guess there is a chance, pretty much similar to the chance of I'm generating a new address that already contains 111,111 BTC
legendary
Activity: 2674
Merit: 2965
Terminated.
Im seeing some new news articles from reputable agencies saying BTC can legitimately hit $37k or even $1 million.... sounds far fetched I know, but look at where it is now.... how nice would it be to have 1 BTC at 1 million..... droooool

well that can't actually happen, since that would be roughly equal to money supply of the entire world, meaning every single country has to adopt Bitcoin as the sole currency.
Total bitcoin cap would be 21,000,000,000,000
Quote
In 1990, total currency in circulation passed 1 trillion USD. After 12 years, in 2002 this total money supply in the world was 2 trillion USD. And just after 6 years, in 2008, this money supply increased to 4 trillion USD.
1 trillion = 1,000,000,000,000

Bitcoin can't reach $1 million, unless the dollar is losses its value by a factor of 100 or more.
legendary
Activity: 1400
Merit: 1013
well that can't actually happen, since that would be roughly equal to money supply of the entire world, meaning every single country has to adopt Bitcoin as the sole currency.
Why do you take it as a given that this can't happen?
legendary
Activity: 1806
Merit: 1003
Im seeing some new news articles from reputable agencies saying BTC can legitimately hit $37k or even $1 million.... sounds far fetched I know, but look at where it is now.... how nice would it be to have 1 BTC at 1 million..... droooool

well that can't actually happen, since that would be roughly equal to money supply of the entire world, meaning every single country has to adopt Bitcoin as the sole currency.
legendary
Activity: 2674
Merit: 2965
Terminated.
Guys the chines are rushing on Bitcoin because Baidu started accepting it.. and gives Bitcoin HUGE exposure in china.
we only need 1 big company to start accepting Bitcoins and we can take back reins from China i'm afraid if this wont happen soon most of BTC will be in china.. ;(

https://blockchain.info/address/1NtbQKVFxAPc8mmBoWwRzhg7o3EMCBsxNg

Quote
Total Received   1.37549469 BTC

Good luck with taking back the reins from China. From the looks of Baidu's transactions, no country will be able to catch up.


Baidu accepting BTC has caused it to get attention in China.
This should happen in the USA if a company that's ranked high accepts it.
global moderator
Activity: 3794
Merit: 2612
In a world of peaches, don't ask for apple sauce
Im seeing some new news articles from reputable agencies saying BTC can legitimately hit $37k or even $1 million.... sounds far fetched I know, but look at where it is now.... how nice would it be to have 1 BTC at 1 million..... droooool
Man, I would be freaking rich if that happens. However if Bitcoin doesn't become popular, as in mainstream, this is very unlikely to happen.
newbie
Activity: 56
Merit: 0
Im seeing some new news articles from reputable agencies saying BTC can legitimately hit $37k or even $1 million.... sounds far fetched I know, but look at where it is now.... how nice would it be to have 1 BTC at 1 million..... droooool
legendary
Activity: 1400
Merit: 1013
The first thing that's going to happen is Chinese exporters demanding (or offering discounts for) bitcoins instead of dollars.

Then the US importers will need to buy bitcoins, and will have an incentive to accept them from their customers.
legendary
Activity: 1096
Merit: 1067
Thought Bitcoin was a border-less currency ? China taking up crypto is a good thing  Grin
legendary
Activity: 1330
Merit: 1000
Max Keiser hinted at something today:
https://twitter.com/maxkeiser/status/399173865026224128
It got me wondering about Bitmits sudden closure

Indeed.  Interesting happenings afoot.  Could it be eBay?  Amazon?  Google?  Do any of these have a lot of money in China that could be pushing up the price?  Popcorn at the ready, regardless.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
come down brother. at the begin of the year nearly nobody thought, that we a can reach this stage with bitcoin. so be patient ;-)
full member
Activity: 238
Merit: 100
ASIC Myth Buster
Chinese have lots of Gray Money in Billions.  They do have the grate needs.  They can't leave China with the Gray Money, they need to convert it to something then collect it elsewhere after they are in Chinatown in Vancouver, Canada, or Chinatown in San Fransisco, USA or somewhere in EU.''

sr. member
Activity: 462
Merit: 250
Guys the chines are rushing on Bitcoin because Baidu started accepting it.. and gives Bitcoin HUGE exposure in china.
we only need 1 big company to start accepting Bitcoins and we can take back reins from China i'm afraid if this wont happen soon most of BTC will be in china.. ;(

The main reason for btc skyrocket are because of baidu ? they are sure to hold a lot btc before they announce
full member
Activity: 238
Merit: 100
ASIC Myth Buster
IMHO...

Let the Bitcoin trading companies being regulated and comply with wherever they do business and pay taxes on all.

Problem is US Gov wants all the bank to give up american's money matters even who lives outside USA.  That would scare off many non-american banks.  Already many americans lost their bank accounts this year due to the new law passed in the USA.

don't know good or bad, but just open the company in the USA, meet all the requirements and pay taxes, then all would be good with the Gov at least rather than keep fighting.

many who don't want the Gov how much BTC they have will continue to trade elsewhere and outside the USA, so they will continue to evade, but as long as the Gov can tax the majority of average users, they will back off!

newbie
Activity: 42
Merit: 0
or be popular in europe this not know
member
Activity: 86
Merit: 10
Bitpay is in USA Market
Bitstamp is I thought headed to USA as well

Sad part is Mt Gox lost the US Market.  Now they are in the legal problems in USA and the court case is against them.  US Gov seized their US Bank Accounts.


US Market is a tough one to get into.  So many financial regulations and it will cost at least $2,000,000 to register as the Financial Service Company + regulatory filing cost with USA Hourly Lawyer fees that would be another $250,000 USD + a few financial professionals to hammer out the compliance things + a publicly accessible offices.

It seems to be at least $5,000,000 USD just to get into the market with 6-12 month waiting period.



Bitstamp is based in Slovenia.

Stupid idea for anyone to start up in the USSA these days with the hostile government and excessive regulations, much better to setup somewhere like Hong Kong, Singapore etc. 

You hit the nail on the head, good sir.

Land of the free
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