XBT market cap exceeds 400 million | Bitcointalksearch.org

Xendrios

full member

Activity: 212

Merit: 100

Quote from: Bit_Happy on March 05, 2013, 12:05:50 AM

Quote from: Melbustus on March 04, 2013, 11:48:30 PM

Why are you so stuck...

I just read this whole thread:
Official Gox / CoinLab Integration and Transition FAQ
https://bitcointalk.org/index.php?topic=148147.0;all

Bitcoin will need a real economy, especially after the USSA Gov shuts down CoinLab/USA MtGox and all that money/BTC is confiscated.

Would the USA boycot itself from bitcoin while the world adopts it? Seems like a dumb thing to do, at least in the long term. Basically becoming poor while all other countries run from fiat into bitcoin...

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Melbustus on March 04, 2013, 11:48:30 PM

Why are you so stuck...

I just read this whole thread:
Official Gox / CoinLab Integration and Transition FAQ
https://bitcointalk.org/index.php?topic=148147.0;all

Bitcoin will need a real economy, especially after the USSA Gov shuts down CoinLab/USA MtGox and all that money/BTC is confiscated.

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: Bit_Happy on March 04, 2013, 10:45:06 PM

Almost exciting:
Too much speculation with only some real economy.

Why are you so stuck on transactions? Bitcoin replaces gold's purpose. It can serve the same long-term store and settlements utility with almost no consumer day-to-day transaction economy....and it would be quite successful and valuable.

calian

sr. member

Activity: 354

Merit: 250

How'd we get this XBT thing? Shouldn't it be INB for (INternet/INternational Bitcoin) to follow the ISO convention?

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Almost exciting:
Too much speculation with only some real economy.

Lorem ipsum dolor sit amet the bubble, consectetur adipisicing elit, sed do you see the bubble? Eiusmod tempor incididunt ut labore et dolore magna aliqua bubbles burst. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat look at the happy bubble. Cheesy

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore bubble eu fugiat nulla pariatur.

cypherdoc

legendary

Activity: 1764

Merit: 1002

not so brief now. Cheesy

Chalkbot

legendary

Activity: 896

Merit: 1001

This is the kicker I use to blow people's minds when explaining bitcoins for the first time. After they get an understanding of what it is, how it works, and why it's useful, I point out that the higher bitcoin value goes, the more useful it becomes as a protocol for transfering money.

zoinky

hero member

Activity: 811

Merit: 1000

Web Developer

Until tomorrow, when Mr. 350,000 BTC decides he wants to see what happens.

dree12

legendary

Activity: 1246

Merit: 1077

Briefly, the Bitcoin market cap exceeded $400 million USD. The market capitalization is an upper bound for the monetary base, as many coins are not in circulation. This is the first time Bitcoin's market cap exceeded $400 million USD.

This excess allows the Bitcoin system to transfer more money without impacting the market significantly. Only 0.1% of the market capitalization needs to be moved to purchase a house, for example. A higher market capitalization allows Bitcoin's economy to strengthen.

Topic: XBT market cap exceeds 400 million (Read 998 times)