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Bitcoin is about to hit $30. Here are comments from 200 days ago
http://news.ycombinator.com/item?id=4330932
- RachelF 14y agoWhat's this, like a stock pump and dump attempt?
- deleted 14y ago[deleted]
- threedaymonk 14y agoAnd I still haven't managed to buy any. I thought I'd have a go, solely in the spirit of exploration, but after about six hours the closest I came was finding that sending a load of personal documents to the Japanese website formerly known as Magic The Gathering Online Exchange would perhaps enable me to transfer in some "fiat" money from somewhere. I understand that acquiring BitCoins might actually be practical for US residents, but it seems pretty difficult here in the UK.
- cobrabyte 14y agoLink to various Bitcoin markets: http://bitcoincharts.com/markets/ http://bitcoincharts.com/markets/
- Coinabul1 14y agoI enjoy http://bitcoin.clarkmoody.com http://bitcoin.clarkmoody.com
- jordan_clark 14y agoI really don't understand the whole Bitcoin thing and I'm not sure why people keep posting how much they're trading for. Is the government going to drop the USD in favor of bitcoin or something?
- Coinabul1 14y agoWhat if I told you that Bitcoin SOLVES counterfeiting? What if I then told you that the US government spends billions of dollars fighting counterfeiting and governments like North Korea profit by printing USD. Cheaper on the budget. Safer on the homefront. How could they say no? (That being said, them actually accepting Bitcoin is insane, using the technologies Bitcoin has pioneered though... That could happen.)
- Steko 14y agoBitcoin doesn't solve counterfeiting, it just moves the goalpost from printing to hacking.
- gizmo686 14y agoBitcoin has cryptographic assurances against counterfeiting. Stealing money is still a problem.
- Steko 14y agoYou can hijack the entire currency with enough processing. Very hard? Yes. Still counts as counterfeiting.
- Coinabul1 14y agoShow me one example of the Bitcoin protocol being hacked. The hacking you speak of is more akin to bank robbery.
- jbackus 14y agoA lot of bitcoin's value comes from being decentralized by design and therefore out of the government's reach.
- russellallen 14y agoIt doesn't matter if bitcoin is high or low against USD. All that matters is stability. It's supposed to be a currency not an investment.
- Finster 14y agoOne has to wonder if this is a statement of bitcoin's instability, or a symptom of instability in the USD.
- Coinabul1 14y agoI think it's all about the throughput. How much money can I put in, move, then successfully take out. The market cap is bigger than it ever has been.
- oleganza 14y agoIt is not supposed to be anything. If you understand why it's useful more in the future than it is today, you can treat it as an investment. If you see how it helps sending EUR to USD without paying 30 EUR conversion fees, you can use it as a payment channel (bitcoin-central.net - BTC - coinbase.com). Or use blockchain to register your bets, contracts or play in a provably fair casino. If it's not yet very good as a currency, all that matters is what it is good at already. http://blog.oleganza.com/post/43384713336/philosophy-of-bitcoin http://blog.oleganza.com/post/43384713336/philosophy-of-bitc...
- Steko 14y ago"It is not supposed to be anything." It's supposed to be a currency, arguments to the contrary are hand waving. Maybe Bitcoin's primary role in history will be as a placebo treatment for mild cases of paranoia. That certainly wasn't the intention though.
- saucetenuto 14y agoI don't want to be That Guy, but this isn't the first time Bitcoin hit $30.
- rthomas6 14y agoLooks like the price is rising faster than its relative value, in my opinion. This looks like a bubble to me. Unless Bitcoin's value has somehow almost doubled in the past two months. I think I might buy some bitcoins after the bubble pops.