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Bitcoin Boon
- mrb 13y ago"Richard Branson announced that Virgin Galactic will accept bitcoin" Everybody missed another big news about another company... you can buy plane tickets with Bitcoin! Online air travel agency, cheapair.com, announced today they accept Bitcoin: https://news.ycombinator.com/item?id=6784265 https://news.ycombinator.com/item?id=6784265
- aosmith 13y agoThis is also cool, and probably a lot more practical!
- vecinu 13y agoI personally feel this is another BTC holder trying to raise the value of his investment by attracting more attention to Bitcoin and crypto currencies.
- aosmith 13y agoI don't hold that much BTC (<100 BTC). Honestly think the best uses are in the third world where "bad" money is more prevalent.
- cheesylard 13y agoSince you said <100 BTC and not <10 BTC I'm gonna assume you have at least 10. Which is a lot.
- aosmith 13y agoIt's much closer to 10 BTC right now than 100. I am a miner who liquidates frequently.
- asperous 13y agoDoesn't that show your Bias? If you are a miner you have huge amounts of money invested in sha-256 specific ASICs. Perhaps ten of thousands of dollars worth. Also by inflating the value of btc you hope to gain more money per liquidation.
- aosmith 13y agoMost of my hardware is already paid off. My effective cost per BTC has been well below market prices. Sure I have continued revenue to gain, but I'm only in this position because I believe in bitcoin and want to see the world become a better place.
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- Aqueous 13y agoAt this point I really don't think a single blogger has all that much effect. What's going on here is being driven by forces much larger than this blog post.
- aosmith 13y agoNope, and that's not my intention here. I want market prices to stabilize. Trying to artificially inflate the rate is counter-intuitive.
- the_cat_kittles 13y agothe ~1,000,000,000 usd worth of bitcoin transactions (https://blockchain.info/charts/estimated-transaction-volume-usd https://blockchain.info/charts/estimated-transaction-volume-...) that happened today alone should be evidence enough that you would have to be stupid or ignorant to think you can move the price of bitcoin with a blog post like that
- psbp 13y agoThe bitcoin mania is starting to freak me out. Maybe it feels fleeting and manic because it's truly indicative of a powerful change, but it also seems so desperate.
- aosmith 13y agoI felt the same way for a long time. I first became interested in bitcoin about a year ago. Eventually you will accept it. This is the future, it just makes too much sense.
- deleted 13y ago[deleted]
- aosmith 13y agoI agree, banks have their place in the world but should I use bitcoin to buy a coffee and a paper, maybe.
- etherael 13y agoAnd how many naysayers are recycling the same tired old objections right now and for the entire history of bitcoin and probably well into the future of either bitcoin or fiat currency proper? Bearish sentiment in the run up to a massive surge is no evidence that there are not hurdles to overcome, Bullish sentiment in the run up to a massive crash is no evidence that everything bitcoin has to accomplish has already been accomplished.
- aosmith 13y ago+1
- e1l1 13y agoHow could anyone actually use bitcoins to buy anything? With this volatility, how can you settle on a price for actual merchandise or services?
- aosmith 13y agoReal time exchangers [sic: merchants] will settle on slightly less than normal exchange rates. This will ultimately help to close spreads and decrease volatility.
- the_cat_kittles 13y agowhat is this use of sic, i thought sic was for when you are knowingly mispelling / misusing something?
- aosmith 13y ago"Sic" generally means thus or therefore: http://en.wikipedia.org/wiki/Sic http://en.wikipedia.org/wiki/Sic If wikipedia is wrong here please correct me!
- maxerickson 13y agoThe meaning in modern English is not the same as the Latin. It is well explained at your link! To be clear, it does not simply mean 'thus' when it is used in English text.
- aosmith 13y agoIt's fixed, thanks for pointing this out.
- Jtsummers 13y agoAs maxerickson said, the common English use is not the literal Latin translation. "The man came crauling [sic] down the hallway." The [sic] means that the misspelling or error has been left in for some reason. Other ways to express what you intended: Original: Real time exchangers [sic: merchants] will settle on slightly less than normal exchange rates. Alternative: Real time exchangers (e.g., merchants) will settle on slightly less than normal exchange rates. Alternative: Real time exchangers, such as merchants, will settle on slightly less than normal exchange rates.
- advisedwang 13y ago> Recent volatility is almost entirely related to external market factors [sic: externalaties] and not underlying changes in valuation You can't separate out causes of volatility like that. A crash because of a massive bitcoin theft is no different than a crash for any other reason. The long term success of bitcoin depends on the perception of value, and if people believe bitcoin is liable to crash for any reason it will hurt it's chances. Moreover it's not even true that the bitcoin market is just reacting to trading-related issues. For example the congressional hearing had substantial effect.
- aosmith 13y agoThis is true. That is a gross over-simplification. I'll work in some edits here, thanks!
- aosmith 13y agoMade an edit here, perhaps not the best but... Please let me know if you would like credit and I'll toss a back link in!
- advisedwang 13y agoNo need. Like most people I just post on hn to make myself feel smarter. ahem I mean to make the world better.
- Qantourisc 13y agoIMO it's not a real currency until the value gets a bit stable. Currently it's all over the place.
- aosmith 13y agoAre Sudanese Pounds and Iranian Rials real currencies in your mind? Agree 100% that bitcoin is not currently comparable to any first world currency.
- Qantourisc 13y agoCould not find your pounds. http://www.xe.com/currencycharts/?from=USD&to=IRR&view=5Y http://www.xe.com/currencycharts/?from=USD&to=IRR&view=5Y they did do something nasty in 2013... But it's just double. With bitcoin we are talking factor 10 and atm is increasing in value exponentially. But all of them are currencies really, I'm just scared :)
- aosmith 13y agohttp://www.xe.com/currency/sdg-sudanese-pound http://www.xe.com/currency/sdg-sudanese-pound Bitcoin isn't perfect yet, just saying it is getting close to becoming a suitable replacement for the "worst" money in the world.
- buster 13y agoI am really not convinced of the argument that bitcoin will help in third world countries. There are so many places in the world that neither have internet nor computers, how should they use bitcoins? I'm also convinced that those people will not just "believe" in some "invisible" money. They will always prefer real money or goods to trade, not some virtual number on the internets.
- aosmith 13y agoBitcoin isn't "invisible" money. It's money that is secured by cryptography. A printed bitcoin wallet, a $1 bill and a $100 bill all have the same inherent value. Almost a third of the "developing world" has internet access [http://en.wikipedia.org/wiki/Global_Internet_usage http://en.wikipedia.org/wiki/Global_Internet_usage]. Even if individuals lack access there's no reason bitcoin can't be made accessible to them through public access points.
- kopsed 13y agotHIS is the true money some ancient text inform about other very different culture before we are in slavery
- kopsed 13y agoTHERE ARE NOW in this moment many bankers thinking in bunkers mmm some thing very big is going