Earlier quoted context omitted.
Is it succeeding or are people gambling on the value of it?
> or are people gambling on the value of it? Welcome to investing. Adoption is success.
Is this a currency or just a (totally speculative) stock then?
Bitcoin Price Tops $1,000 in First Day of 2017 Trading
11–20 of 77 posts
Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#12Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#13Earlier quoted context omitted.
Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.
Is it succeeding or are people gambling on the value of it?
It's used every day in some legitimate ways. For example, Premise Data Corporation pays their data collectors in almost entirely bitcoin.
https://medium.com/@premisedata/premise-payouts-get-easier-w...
Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#14Earlier quoted context omitted.
Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.
Is it succeeding or are people gambling on the value of it?
Both although it's hard to tell how much is success and how much is speculation.
Bitcoin's dirty little secret: Illegal drugs/services.
Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#15Bitcoin is living up to it's reputation as digital gold. The Chinese are running away from RMB and buying bitcoin, Venezuelans are running away from Bolivares into Bitcoin. And to a lesser extent some Indians are escaping the Rupee. It'll be really interesting to see how governments try to deal with decentralized currencies if they really take off. Governments lose a lot of control when they can't control money.
Makes me wonder what other essential functions of society can be digitized, decentralized, and put out of reach of irresponsible government entities.
Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#16OK, I'll be that guy. Is this actually intellectually stimulating to hackers? Should I start posting stock tickers for karma?
Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.
It's been out for years. Price reports are not novel or interesting anymore. Might as well post USD reports.
Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#17Earlier quoted context omitted.
Just the world's first digital, decentralized currency succeeding. Hackers can and will use it to create new and fascinating projects.
Skyrocketing value is not a desirable trait for a would be currency.
That's true, but it's also the only thing you can expect if Bitcoin succeeds. Eventually the volatility should subside somewhat, as the market grows. It already has, although obviously it's still a roller coaster ride. How much volatility an uncontrolled currency exhibits should be interesting to see if Bitcoin sticks around for good.
Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#18To the moon!!!
Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#19Re: Bitcoin Price Tops $1,000 in First Day of 2017 Trading
#20Earlier quoted context omitted.
Is it succeeding or are people gambling on the value of it?
Both although it's hard to tell how much is success and how much is speculation. Bitcoin's dirty little secret: Illegal drugs/services.
It's hardly a secret. It was designed to be a tool for circumventing states' financial control. Illicit transactions are an obvious application.