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Bitcoin's use in retail transactions has been steadily growing, and now accounts for around half of the coins mined each day. Need a link?

jbmorgado 11y ago
Yes please because even the CEOs of payment systems using bitcoin have come out stating that no one is using bitcoin as a payment system: Taavet Hinrikus, CEO of international-payments app TransferWise, “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.” [http://finance.yahoo.com/news/bitcoin-is-dead-says-prominent-fintech-executive-taavet-hinrikus-transferwise-bitcoin-experiment-failed-191800988.html http://finance.yahoo.com/news/bitcoin-is-dead-says-prominent...]
- brighton36 11y ago
  Yeah I don't know where Taavet's numbers are coming from. There's a lot of these studies, here's one of many: http://www.coindesk.com/dark-web-markets-processed-more-bitcoin-than-bitpay-in-2014/ http://www.coindesk.com/dark-web-markets-processed-more-bitc... For as long as the federal government wants to subsidize mining, bitcoin is probably here to stay. I don't see any of the competitors capturing these subsidies.
  - emodendroket 11y ago
    Probably from his payment service? If the sole use of Bitcoin is buying illegal goods on the "dark Web" I think we can say that the various currencies of the world are not facing a serious threat.
    - brighton36 11y ago
      Bitcoin is for the underserved. Further, it's subsidized by the premium on fungible value. So it's necessarily not posing a threat to incumbent currencies. Taavet Hinrikus certainly drew from his own failed endeavor. But I don't know how he didn't extrapolate the state of the wider market.
    - pg_is_a_butt 11y ago
      tell that to the traces of cocaine on every $100 bill in circulation. you're an idiot.
- btcprint 11y ago
  Yep..I didn't buy anything from newegg with bitcoin today..oh wait. Bitcoin dead for the 130th time. No conflict of interest with Hinrikus making that statement..his motives are purely altruistic - he's looking out for the people. Very intelligent post sir. You seem to be an expert on the fraud that is bitcoin.
- codehalo 10y ago
  Transferwise competes directly with bitcoin. Were you really expecting him to say otherwise?

jbmorgado 11y ago

Yes please because even the CEOs of payment systems using bitcoin have come out stating that no one is using bitcoin as a payment system: Taavet Hinrikus, CEO of international-payments app TransferWise, “Bitcoin, I think we can say, is dead. There is no traction, no one is using bitcoin. The bitcoin experiment, I think we can say, is over.” [http://finance.yahoo.com/news/bitcoin-is-dead-says-prominent-fintech-executive-taavet-hinrikus-transferwise-bitcoin-experiment-failed-191800988.html http://finance.yahoo.com/news/bitcoin-is-dead-says-prominent...]

brighton36 11y ago
Yeah I don't know where Taavet's numbers are coming from. There's a lot of these studies, here's one of many: http://www.coindesk.com/dark-web-markets-processed-more-bitcoin-than-bitpay-in-2014/ http://www.coindesk.com/dark-web-markets-processed-more-bitc... For as long as the federal government wants to subsidize mining, bitcoin is probably here to stay. I don't see any of the competitors capturing these subsidies.
- emodendroket 11y ago
  Probably from his payment service? If the sole use of Bitcoin is buying illegal goods on the "dark Web" I think we can say that the various currencies of the world are not facing a serious threat.
  - brighton36 11y ago
    Bitcoin is for the underserved. Further, it's subsidized by the premium on fungible value. So it's necessarily not posing a threat to incumbent currencies. Taavet Hinrikus certainly drew from his own failed endeavor. But I don't know how he didn't extrapolate the state of the wider market.
  - pg_is_a_butt 11y ago
    tell that to the traces of cocaine on every $100 bill in circulation. you're an idiot.
btcprint 11y ago
Yep..I didn't buy anything from newegg with bitcoin today..oh wait. Bitcoin dead for the 130th time. No conflict of interest with Hinrikus making that statement..his motives are purely altruistic - he's looking out for the people. Very intelligent post sir. You seem to be an expert on the fraud that is bitcoin.
codehalo 10y ago
Transferwise competes directly with bitcoin. Were you really expecting him to say otherwise?