psionl0
Skeptical about skeptics
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Belz...
Fiend God
Another good reason to preferraw seweragebitcoins over hot dogs.
I don't know. Often times we speculatory things like BTC you end up sticking with them, hoping they reach some mythical value at some point, only to see them crash and become valueless, much like calories.
TeapotCavalry
Master Poster
Well, if you're into resistance training, calories reach almost a mythical value for they are necessary to maintain your awesome beachbro sixpack and biceps. If you just sit on them, then they sure become less useful.
Octavo
Illuminator
The bet is that Coinbase.com will be hacked (and bitcoins stolen) somewhere between September 2014 and 1 January 2015. The breech must be significant enough to be covered by major media outlets.
If you agree to those terms, I'll take that bet.
jhunter1163
beer-swilling semiliterate
Since any breach would probably make the news, I'll agree. I'll sport the avatar of your choice for a week should that not happen.
Octavo
Illuminator
Belz...
Fiend God
Down to 421 right now.
jhunter1163
beer-swilling semiliterate
More news about the "death of Bitcoin:"
In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables its customers to accept credit card, mobile carrier payments and other payment methods through a single integration.
Ellison lauded BitPay, Coinbase and GoCoin for their commitment to ensuring consumer protections on their platforms, while suggesting that the offering will appeal to a number of its key customer groups, writing:
“We believe digital goods merchants will be excited to work with these industry-leading companies to sell ringtones, games and music and get paid with bitcoin.”
And...
...Credit card companies and other traditional payment providers usually charge nonprofits the same as commercial organisations, about 3–4% per transaction.
Bitcoin, though, offers significant savings for charities by doing away with these fees.
Bitcoin’s cost benefit
BitPay and other payment providers like Coinbase do not charge fees for nonprofits, meaning the entire donation is delivered to the charity.
BitPay non-profit account manager Elizabeth Ploshay said the company strives to bring bitcoin to nonprofits like Greenpeace.
“For each bitcoin donation, Greenpeace gets 100% of what is being donated, increasing the amount of each donation received,” she said.
...and this does not mean that your behavior or what you and others have said won't be brought up again if you try to handwave this away or not answer.
In a blog post penned by senior director of corporate strategy Scott Ellison, PayPal revealed that online merchants will now be able to accept bitcoin via all three companies through its PayPal Payments Hub, its product that enables its customers to accept credit card, mobile carrier payments and other payment methods through a single integration.
Ellison lauded BitPay, Coinbase and GoCoin for their commitment to ensuring consumer protections on their platforms, while suggesting that the offering will appeal to a number of its key customer groups, writing:
“We believe digital goods merchants will be excited to work with these industry-leading companies to sell ringtones, games and music and get paid with bitcoin.”
And...
...Credit card companies and other traditional payment providers usually charge nonprofits the same as commercial organisations, about 3–4% per transaction.
Bitcoin, though, offers significant savings for charities by doing away with these fees.
Bitcoin’s cost benefit
BitPay and other payment providers like Coinbase do not charge fees for nonprofits, meaning the entire donation is delivered to the charity.
BitPay non-profit account manager Elizabeth Ploshay said the company strives to bring bitcoin to nonprofits like Greenpeace.
“For each bitcoin donation, Greenpeace gets 100% of what is being donated, increasing the amount of each donation received,” she said.
Are you accountable for your past behavior and your provably wrong predictions? Yes or no?
...and this does not mean that your behavior or what you and others have said won't be brought up again if you try to handwave this away or not answer.
He appears to be the only Bitcoin-Doom-Prognosticator left in this topic over time. In the last few years, the others, nearly to a man, have embarrassed themselves and disappeared completely. Look at the person in my sig.Excellent - my very first avatar bet!
Jhunter is only sticking around by trying to ignore his own past claims. I wouldn't take any bet with someone who has a selective memory like that.
jhunter1163
beer-swilling semiliterate
As I've said, I stand by every statement I've made in this thread. I'm not sure how much more "accountable" I can be. If I've made "provably wrong" predictions, then I've been wrong; it wouldn't be the first time and won't be the last. However, I still think that BTC is destined for the memory hole over the long term; the only real question is how long it will take for it to die.
And, as an aside, I would suggest that you moderate your tone a bit. Just sayin'.
Octavo
Illuminator
The scrut quote is particularly amusing I have to say
I hear your frustration, but you're being uncharitable here.
That's kind of weaselly though. If I claimed the telegraph was destined for the memory hole in 1837 I'd be right eventually too.
Almo
Masterblazer
Bitcoin doesn't work well as a currency, as has been explained. Perhaps it will eventually, but it doesn't now.
Brian-M
Daydreamer
- Joined
- Jul 22, 2008
- Messages
- 8,044
If some central banking institution were behind it there would be no point in having a cryptocurrency at all. Encrypted transactions of funds between accounts containing non-cryptographic currencies would be a far more efficient way to do thing.
The entire point of cryptocurrencies is that they're decentralized and function independently of governments, corporations, banks and financial institutions.
But I agree that Bitcoin is far from ideal as a practical currency, which is why some other cryptocurrencies, such as Litecoin, were invented. Eventually some non-Bitcoin cryptocurrency will become more ubiquitous than Bitcoin, or maybe the Bitcoin protocols will gradually change.
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Or, you could just have a free market in money, without the theft masquerading as central planning. I know. Perish the thought.
Belz...
Fiend God
How free do you see this market, exactly ?
psionl0
Skeptical about skeptics
Why?
Well, at least as things stand, there's still an awful lot of people who view it with suspicion and more who see it as a novelty. Neither of which help it as a currency.
Even the companies that accept bitcoins seem to only be doing so with a view to having it turned into "real" money ASAP, hence not risking losing out.
Not that a currency needs the backing of a large institution, but I do think (and this thread has plenty of examples in the form of posters) that it's the current perception of the public in general that bitcoin and the like are a bit too Wild West for their comfort.
It'll be interesting to see how it develops and whether the perception of the general population changes towards it.
I mean, after last years roller coaster I'm quite surprised by the relative stability its shown recently. I was expecting more of the same...so I'm not going to make any predictions, that's for sure.
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