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lots on news this week n accpeting bitocoin! reddit is looking into this too! the world is shifting to bitcoin!! if it is indeed less inflationary/deflationary

by alenam 14y ago

lots on news this week n accpeting bitocoin! reddit is looking into this too! the world is shifting to bitcoin!! if it is indeed less inflationary/deflationary than we can just transfer USD into bitcoin on www.coinbase.com (which is pretty much paypal for bitcoin) - S12 YC company

jacquesm 14y ago
> the world is shifting to bitcoin!! I think that wins the prize for the most hyped remark on HN, ever. Really, the world has not shifted to bitcoin, it won't shift to bitcoin in the near future and possibly never. Bitcoins are interesting, a very nice implementation of the idea of a digital currency with some thought provoking possible consequences. (See: http://en.wikipedia.org/wiki/Assassination_market http://en.wikipedia.org/wiki/Assassination_market), but it isn't a general currency at all, let alone that the world is switching to it. What you are seeing is that a few companies have caught on to using bitcoin as a way to promote themselves because 'accepting bitcoin' is a way to get free press. Can you get by for a month just spending bitcoin without any other resources than bitcoins at the beginning of the month, sufficient for a normal months' worth expenses? When you can go to your local greengrocer and buy an apple with bitcoin I'll cede to you that the world has indeed switched to bitcoin. Until then, it's neat but not quite there yet.
- BladeMcCool 14y ago
  give it 20 years. bitcoin will be the worlds reserve currency.
  - jacques_chester 14y ago
    I'll take that bet. I'll accept payment of US$250 or €250, whichever is the higher value.
    - jacquesm 14y ago
      Will you take bitcoin ;) ?
      - jacques_chester 14y ago
        thatsthejoke.jpg
      - deleted 14y ago
        [deleted]
- bbit 14y ago
  I think you are in for a rude awakening. This is a whole different animal - alpaca perhaps! ?
- Jach 14y ago
  There's nothing "thought-provoking" about assassination markets, especially in the context of bitcoins. Maybe that's just because it's 2012. The guys at https://www.bitinstant.com/ https://www.bitinstant.com/ are in the process of making a debit card backed by bitcoins, so when that's out, you will indeed be able to buy everything you currently buy with a card. However, at that point I still wouldn't agree with the assessment that the world is shifting to bitcoin. For that I'd need to see at least a few billion dollars market-cap, I'd be much more comfortable with a trillion dollar market-cap.
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by alenam 14y ago

jacquesm 14y ago

> the world is shifting to bitcoin!! I think that wins the prize for the most hyped remark on HN, ever. Really, the world has not shifted to bitcoin, it won't shift to bitcoin in the near future and possibly never. Bitcoins are interesting, a very nice implementation of the idea of a digital currency with some thought provoking possible consequences. (See: http://en.wikipedia.org/wiki/Assassination_market http://en.wikipedia.org/wiki/Assassination_market), but it isn't a general currency at all, let alone that the world is switching to it. What you are seeing is that a few companies have caught on to using bitcoin as a way to promote themselves because 'accepting bitcoin' is a way to get free press. Can you get by for a month just spending bitcoin without any other resources than bitcoins at the beginning of the month, sufficient for a normal months' worth expenses? When you can go to your local greengrocer and buy an apple with bitcoin I'll cede to you that the world has indeed switched to bitcoin. Until then, it's neat but not quite there yet.

BladeMcCool 14y ago
give it 20 years. bitcoin will be the worlds reserve currency.
- jacques_chester 14y ago
  I'll take that bet. I'll accept payment of US$250 or €250, whichever is the higher value.
  - jacquesm 14y ago
    Will you take bitcoin ;) ?
    - jacques_chester 14y ago
      thatsthejoke.jpg
    - deleted 14y ago
      [deleted]
bbit 14y ago
I think you are in for a rude awakening. This is a whole different animal - alpaca perhaps! ?
Jach 14y ago
There's nothing "thought-provoking" about assassination markets, especially in the context of bitcoins. Maybe that's just because it's 2012. The guys at https://www.bitinstant.com/ https://www.bitinstant.com/ are in the process of making a debit card backed by bitcoins, so when that's out, you will indeed be able to buy everything you currently buy with a card. However, at that point I still wouldn't agree with the assessment that the world is shifting to bitcoin. For that I'd need to see at least a few billion dollars market-cap, I'd be much more comfortable with a trillion dollar market-cap.

deleted 14y ago

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