Dell buys Windows images from MS. Microsoft buys servers from Dell. Both buy ads from Google. The three CEO's throw a housewares party with swag from Overstock. All within six months... all using BTC... who's giving odds? [Bonus: Dotcom's buy and shutter MasterCard by 2020.]
http://blogs.microsoft.com/firehose/2014/12/11/now-you-can-exchange-bitcoins... http://blog.bitpay.com/2014/12/11/microsoft-chooses-bitpay-to-power-bitcoin-... http://www.coindesk.com/bitpay-microsoft-aggressive-global-vision-bitcoin/ http://imgur.com/NuSIA8O https://www.youtube.com/watch?v=E5lf5S_zJWk https://www.youtube.com/watch?v=fZfg1Gtcg08
I think Bitcoin going big like this was inevitable and not actually a good thing. The distribution of Bitcoin is horrible. Really, really, really horrible. Its also what drives and makes inevitable the adoption of Bitcoin: simply put, there is a marketing budget. Sadly the alternatives lack adoptation and technical merit. Basically the future of finance is less humane (Bitcoin is hard currency) and more unfair (Bitcoin is unfairly distributed). It is also not, in practice, distributed. There is far too few parties in control of the miners that work on the blockchain, and there's no reason for that to change. Bitcoin policy hell is also real, very little will ever be able to change in Bitcoin world. If it does it will make business sense and not reduce "early investor advantage". I'd like to add that Bitcoin is not as interesting as advertised. Blockchains are a clever hack to achieve global consensus, but in order to achieve a security level that takes X currency units to reverse around X currency units have to be burned. Burning currency is undesirable. Only currency successfully burned by trusted/not-untrusted/uncollaborating parties counts towards the security level. So: * Distribution is terrible, which causes unstoppable success * Is less humane and more capable, causing assorted dangers but also being more pure (in a currency sense) * Can be substituted very easily by something else I don't really mind Bitcoin becoming successful even though it's imperfect; it's still an entirely higher/better league than banks. I do mind there being no talk of why Bitcoin sucks. Because no matter how awesome it is, it really does suck.
On Fri, 12 Dec 2014 14:28:21 +0100 Lodewijk andré de la porte <l@odewijk.nl> wrote:
So: * Distribution is terrible, which causes unstoppable success
distribution is bad because bitcoin isn't really free-market. It's a patch for a corrupt system - at best.
* Is less humane and more capable, causing assorted dangers but also being more pure (in a currency sense)
Humane? What the hell are you talking about? The fact that bitcoin can't be counterfeited, at least in theory, is one of its main advantages. But I imagine that 'humanism' for you means : the totalitarian government I favor should be able to print money out of thin air in order to fund whatever 'free' and compulsory social plan I like. Obey or die.
* Can be substituted very easily by something else
I don't really mind Bitcoin becoming successful even though it's imperfect; it's still an entirely higher/better league than banks.
But apparently can't be manipulated by governments! The horror.
do mind there being no talk of why Bitcoin sucks. Because no matter how awesome it is, it really does suck.
Of course bitcoin pushers won't talk about why it sucks. Wait. If I recally correctly, you as a pusher used to whine about bitcoin being used in black markets because of the bad press? And now you changed your tune? lol
On Thu, 11 Dec 2014 07:41:05 -0500 grarpamp <grarpamp@gmail.com> wrote:
https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_Bitcoi...
BTC price jumps 6%
you forgot to mention that correlation does not imply causation =)
On 12/12/14 10:58, Juan wrote:
On Thu, 11 Dec 2014 07:41:05 -0500 grarpamp <grarpamp@gmail.com> wrote:
https://commerce.microsoft.com/PaymentHub/Help/Right?helppagename=CSV_Bitcoi...
BTC price jumps 6%
you forgot to mention that correlation does not imply causation =)
Indeed: http://www.tylervigen.com/
participants (4)
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Christian Gagneraud
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grarpamp
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Juan
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Lodewijk andré de la porte