31–40 of 83 posts
That's a lot of money. What is this $1 billion being used for? Is this money just circulating for the sake of making more money, or is it being used to buy goods and services?
Does anyone know if there's a good way to determine the fraction of bitcoin transaction that are food good and services rather than just other money?
Bitcoin definitely has potential. I doubt if it's in a bubble. Its a right mix of need and want for the global economy. It is also getting a lot of traction. As more enterprises adopt, the more its potential for disruption. [Disclaimer: I have bitcoins in my wallet]
The exchange rate in USD has quintupled since mid January. I can't see how this is not a bubble.
Holy cow. It was worth $60 last time I checked (last time a story was discussed on HN). I'm not one usually to play Chicken Little, but doesn't a 50% rise in a matter of a week or two seem a bit unsettling? Unless adoption has risen similarly, which I doubt -- it's not like Amazon just announced they'll be accepting BTC. Enjoy the run, speculators. But don't get greedy -- remember the tulips...
Cyprus just announced they would be taxing peoples bank accounts, the EU said that was a fair resolution for the banking crisis and other nations (greece, ireland, spain and italy) could see similar action to cope with the bank problems. Adoption as a currency has been ocurring for a while, reddit, mega, bitmit etc, adoption for investment has been ongoing, adoption out of fear of state controlled banks is another vi…
Come on Bitcoin-Central (or whoever) - hurry up and implement IBAN numbers so I can buy some in Europe!
This will be a fun ride until governments ban it.
That's a lot of money. What is this $1 billion being used for? Is this money just circulating for the sake of making more money, or is it being used to buy goods and services?
But, bitcoins are being used in commerce too. New merchants added every day. I know of at least 6 brick and mortar businesses in Las Vegas alone that have sprung up recently.
Bitcoin definitely has potential. I doubt if it's in a bubble. Its a right mix of need and want for the global economy. It is also getting a lot of traction. As more enterprises adopt, the more its potential for disruption. [Disclaimer: I have bitcoins in my wallet]
The thing that makes me apprehensive about Bitcoin is that the majority of people that are buying in are buying in as speculators (edit: the people I've seen discuss Bitcoin), they're buying in because they think in a year or so the coins will be worth $1,000 each and they'll get to cash out, reddit is full of people labelling themselves Bitcoin millionaires. There's a disincentive to spend Bitcoins at the moment whi…
Come on Bitcoin-Central (or whoever) - hurry up and implement IBAN numbers so I can buy some in Europe!
http://howdoyoubuybitcoins.com/
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