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What, exactly, is "happening"? I'm all for bitcoin, and I think it would be kind of a cool form of currency. Bitcoin is more elegant than standard currency, but
by gusgordon 14y ago
What, exactly, is "happening"? I'm all for bitcoin, and I think it would be kind of a cool form of currency. Bitcoin is more elegant than standard currency, but many of the interactions that happen with standard currency are not possible with bitcoin.
Right now, the value of bitcoin is in the increase of price in bitcoin. I assume that's what you mean by "happening". That doesn't mean anything. Store owners, starting with online store owners, have to at least start accepting the currency, which they have shown no signs of doing. So again what, exactly, is "happening"?
- intelliot 14y ago"Store owners, starting with online store owners, have to at least start accepting the currency, which they have shown no signs of doing." Actually, that is happening. Namecheap now accepts bitcoins.
- gusgordon 14y agoI realize some are, but there lack of pickup by pretty much everyone else is concerning. It makes bitcoin basically useless at this point. Maybe it will pick up, but it hasn't been happening.
- mattm 14y agoBitcoin is still a baby. I think many people who say stuff like this are missing the point and not seeing long term. This is like saying the internet will never be useful because it's just text and 14.4 kbps is the fastest modem.
- jl6 14y agoActually I believe the main driver of the recent price increase is several high-profile (in the tech world at least) organisations starting to accept it.
- hilko 14y agoAnd the cycle of media attention, adoption, and more media attention.