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I love the concept of Bitcoin but I don't think it'll

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I love the concept of Bitcoin but I don't think it'll be the new world currency. The powers that be would lose control and they killed presidents over it. I have 5 BTC in case I'm wrong.

21 companies band together to form their own distributed ledger that is better. Digital Assest Holdings, IBM, JP Morgan just to name a few.

Bitcoin fucked up. It went no where fast.
>>
>>1005709
I forgot to post the article.
http://www.bizjournals.com/newyork/news/2015/12/17/ibm-jp-morgan-join-forces-with-wildy-diverse.html
>>
>>1005709
Ok so bitcoin is going to be the new world currency, got it.
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>>1005709
I don't think you understand the point of Bitcoin: it works best when the most people are using it. An alternative blockchain wouldn't have the same level of security that Bitcoin does because the hash rate would be lower and a "better" design won't change that.

Bitcoin HAS won and the use of non-bitcoin based blockchain technology won't damage the main network which already powers a shit load of things.
>>
Multi-party/coalition ventures have NEVER worked. I saw hundreds of mobile network operators signup with Intel to develop an iOS/Android competior. Guess where that went, and who's still driving the market.

Also, ever worked in a large corporate like those mentioned in the article? Getting internal tactical projects to work is a clusterfuck. External strategic project? Bet against it.
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>>1005709
>>1005710
>>1005737
try harder shill
>>
>>1005717
>>1005737
Bitcoiner cope
>>
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Bitcoin can not be destroyed. It operates too similarly to the torrent networks.

Bitcoin is antifragile. Any new competition, any online buttcoiner trolling, any harsh regulations or warning from governments only makes it stronger as it routes around any obsticles.

Bitcoin can not be inflated away for short term political or personal gain. The set cap in number of bitcoins to be created along with the gradual decline in production of coins means that all other things being equal, even if it never updated again, it would be worth more next year than this year. It is the best performing currency of the last 6 of 7 years.

Bitcoin represents the most pure form of money as information. It is literally a protocal that can be updated at any time for almost any reason so long as it is in the best interest of Bitcoin. This money can and has been getting upgrades.

Nothing on this planet has more potential than bitcoin. If you can't see that by now I'm sorry for whoever failed trying to educate you.

Nothing has ever bootstrapped a global currency as fast as Bitcoin. The last notable currency to do what bitcoin is doing was silver and it took 6 months just to cross the Atlantic.
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>>1005879
Is this how you cope with the fact that banks just BTFO Bitcoin?
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>>1005885
>cope
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>>1005710
>private blockchains
cope
>>
>>1005888
>trying to cope with Bitcoin being BTFO
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>>1005883
Banks have no power in the free market. Kind of why they have to hide behind walls of regulation and crush competition with the government ban hammer. Goodluck shutting down the internet.
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>>1005892
>cope
>>
>>1005891
>In an interview with CoinJournal, Jon Downing of Visa Europe Collab and Edan Yago of Epiphyte said that while they are interested in other systems, Bitcoin will likely play a role in the future and other blockchains have to be considered “at this point vapourware.” Seemingly a departure from the tone of other institutions that preferred to hype their own blockchain technologies over Bitcoin itself.

>even VISA starting to get private blockchains are a cope

cope
>>
>>1005897
>no arguments
Goodluck with that denial, I would suggest you see someone but we both know you won't leave the basement.
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>>1005901
>thinks Visa is going to use Bitcoin from a biased Bitcoin source
Lol
>>
>>1005902
>>1005857

Just like banks, they are trying to steal the original phrase which is nocoiner cope, and just like banks, failing misserably at it.
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>>1005902
>cant cope
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>>1005906
>Bitcoiner cope
>>
BTC is only up 50% on the year....
>>
wtf is this 'cope' maymay?
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>>1005911
>down 70% from 2013
>can't cope
>>
BTC autists have trouble understanding normal human psychology, your memecoin wont become anything because its a threat to profits of many people way more alpha than you who can convince masses not to use it.
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>>1005904
>denying evidence
>even the founder of VISA is involved in a Bitcoin startup

>In a Xapo statement, Visa founder Dee Hock, former Treasury Secretary and President Emeritus of Harvard University Lawrence H. Summers and former Citibank CEO and Chairman John Reed, said they joined the company because of the potential of Bitcoin’s technology and currency to advance financial services.

https://bitcoinmagazine.com/articles/xapo-adds-visa-founder-former-citibank-ceo-advisory-board-1432678868

>Dee Hock is the founder of Visa, and is responsible for effectively creating payment systems as we know them today. “Bitcoin represents not only the future of payments but also the future of governance,” Mr. Hock said. “We live in the 21st century but are still using command and control organizational structures from the 16th century. Bitcoin is one of the best examples of how a decentralized, peer-to-peer organization can solve problems that these dated organizations cannot. Like the Internet, Bitcoin is not owned or controlled by any one entity, so it presents incredible opportunities for new levels of efficiency and transparency in financial transactions.”

https://blog.xapo.com/announcing-xapos-advisory-board/
>>
>>1005912
I'm not too sure. I got the meme from Bitcoiners. I must say that I'm beginning to love it now though.
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>>1005912
Buttcoiner coping mechanism when they have run out of all fluffy nonsense. You can tell because they can't even dispute one of the many reasons above as to why everyone should be doing more research on Bitcoin. A usual tactic would be to latch onto the wakes argument and spin it and try to ignore the others but they can't even do that now. I appreciate all the hard work they do, it made it easier to get out from under the last bear market with less weak hands holding coins we can move up sooner than if they were not scaring away some of the people tat might of been on the fence.
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>>1005912
I started it making of nocoiners. "nocoiner cope" is the original. Nocoiners are using it now as damage control.
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>>1005917
>advisory board of xapo
Lel
>>
>>1005921
Good job with the "cope" may may. It's so brain dead retarded that I like it.
>cope that I stole your cope
>>
>>1005921
>Nocoiners are using it now as damage control.

See replies to:
>>1005917
>>
>>1005922
>>1005926
cope
>>
>>1005914
Up 50% from 2014
Up 4500% from 2012
Up > 9000% from 2011

Ohhh 70% decline one year. Shoulda bought the dip dude. It's real easy, just buy the dip.
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>>1005927
>replies to his own post
What kind of copefoolery is this?
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>>1005933
Bump bump bump, thanks for the free advertising btw
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>>1005933
cope
>>
>>1005934
Advertising? You see OPs post right? Lmao
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>>1005930
>implying more than a handful of people bought before 2013
Coooope
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>>1005944
You understand OP and you have not presented any evidence to back up claims right? I don't want the sheep that look to a false authority buying bitcoins. Only those with enough common sense to get interested and do their own research. Once they do I'm confident they will begin to see what I see.

Keep bumping tho, I'm sure your convincing someone too :^)
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>>1005949
>Bitcoiner cope
Who needs an argument when I can just post cope a lot? Cope.
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>>1005952
Exactly! Keep up the good work old buddy. I can't tell you how much I have enjoyed watching these threads turn from propoganda nonesense, into an actually debated and now here we are with you nocoiners just saying cope over and over again. To be honest a few years ago it was a challenge and now it's just hysterical.
>>
>>1005956
No problem! Just coming down to your level since the only thing that connects with you is pure retardation.
>cope
>>
>>1005958
Interesting theory concidering your the one making the repetitive actions and hoping for different results.
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>>1005961
>because I'm the one posting "nocoiner cope" as a response to every argument for months
Cope.
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>>1005966
So we all know why bitcoiners come to defend bitcoin. As someone with bitcoins I have an incentive to educate others, the more people that join our little group the stronger we all get. But what so you get out of this? Spending hours a day online just copeing?
>>
>>1005968
>"educate"
You mean shill right? Well besides coping of course.
>>
>>1005971
But to shill you would have to have an incentive. You can't honestly believe tat monopoly money in your wallet will be better off without bitcoins. There will always be another government cartel to make more monopoly monies. Are you gettin g b paid to do this? Cause now that would be some funny shit.
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>>1005973
Not really. I'm here of my own volition. I actually don't mind hearing about new Bitcoin developments. But after a couple months of hearing "nocoiner cope" over and over and over and over I decide I hate Bitcoiners. So I'm here because I'm happy to hear news that banks now have a competitor. What you don't understand is that if you idiots just piped down with the shitposting then many of us wouldn't feel the need to respond and you can shill in peace. I don't think it's possible though because you don't get it and you never will.
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>>1005978
That's cute. Nice too see your argument for hate has been entirely based on something someone said in an online anonymous imageboard. When I said I don't care about sheep, I was definetly talking about people like you.
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>>1005981
>Bitcoiner cope
>>
Now time for an edition of this or that

>sponsored by my bitcoins
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>>1005987
Except that Bitcoin isn't moving money. It's moving bitcoins. The process to convert bitcoins back into money is a long, drawn out one with fees and you need a medium like a bank to do a transfer to. Another brain dead infographic from a coping Bitcoiner.
>>
Freedom is a glorious thing.
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>>1005990
What are the requirements for something to be money? Basically what do you define as money?
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bitcoin is like linux, theoretically a great thing and the worst fear of jews but masses will never adopt it and its cringey fedora tipping fanboys will make that sure
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>>1005991
Another dumb ass infographic. If you use a Bitcoin exchange you throw the first 2 points out the window. Exchanges have both strict limits and high fees. The lack of ability to do a chargeback is a bad thing. Not only that but credit cards reward you and give cash back for using them. I don't know any Bitcoin exchange that does this.
>>
Automation will kill the bank profit margins. Down is the only direction they will be going untill they start competing and stop trying to stifle competition.
>>
Dont let that autism spiral out of control guys
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>>1005991
>this whole chart

How can you use credit cards for illegal goods?

My nigga go to a drug dealer and ask him if he accepts mastercard

WTF?
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>>1005995
Wrong. Bitcoin transaction volume is stagnating. They have trouble even competing with PayPal, let alone the banking conglomerates. Even PayPal is 100% unaffected by Bitcoin. Bitcoin is a non-threat in every way.
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>>1005993
>services
>>1005999
Comparing a regional credit service to a bootstrapped global currency


You guys are funny, glad to see a ew more of you tho :)
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>>1006005
>thinks Bitcoin is a currency
Cope.
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>>1006008
See >>1005981
It's not just currency, it's the best form of money ever invented. It even gets periodic updates, what was the last updates to fiat? ATMs? Lol
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>>1006009
>all these infographics
You're like a little faggy propaganda machine. You do realize people hate this type of bullshit right? You may convince a few retards that have also fallen for MLM scams though.
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>>1006012
Don't try and time the market silly.
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>>1006012
Can confirm. I can't stand infographics. I reject anyone that uses them almost immediately.
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>>1006017
>cope
>>
>>1006022
The velocity is much higher than I thought it would be
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>>1006025
No one who accepts bitcoins as payment holds them for very long

They almost always exchange them for fiat immediately

hmmm...
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>>1006029
Now this was a fun ride. Scared a lot of the kids but with openbazzar coming online next month. Global free trade may finaly be a reality. No more centralized servers or single point of failure for some thugs with guns to shut down. Just an unstoppable bot net market.
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>>1006025
Ok bud, that's enough retardation for one day for me. Keep posting the same maymays for another few months. I'm sure that you will eventually get Bitcoin to rise from $460 to $460.01 from spamming here day in and day out to the same 20 people. I may pop in from time to time just to post "cope" and fuck with you though, if you don't mind.
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>>1006033
Bumping is always appreciated, maybe next time you'll be able to form an argument or two and we can talk it out. Or buttfuck, whatever floats your boat copefag
>>
>>1006035
Why would I post an actual argument when you never do? You're silly. No I'm over the whole "let's debate" and have you spam me with infographics and "nocoiner cope". I'd rather just fuck with you from here on out.
>>
>>1006037
I like the info sorry it disturbed you. I posted my arguments as my first post above. Wich you never countered a single point to.
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>>1006040
>cope
Naw I'm over that. It's too late now for me to respond to whatever trivial little argument you think you made. You have been spamming threads for months.
>>
Just the fastest growing industry on the global stage. Probably not worth your time tho, posting cope cope cope to strangers and getting upset at images on an image board seems to be more up your ally than anything like learning something.
>>
If you need some coins fast don't forget about localbitcoins they have a pretty good network of sellers all around the globe. ATMs and Exchanges will need to comply with the rules and regulations big banks enforce upon them so 3 day wait and all that fun KYC, AML crap
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It will take the banks awhile to play catch up to the new level of service Bitcoin can provide today.
>>
>>1006046
Yup. Sometimes you just have to fight fire with fire. We already tried the civil approach of real conversations and what we got was "fuck off nocoiner grandpa, you don't understand technology" and "if you don't buy bitcoins you're a faggot who doesn't like money". Naw, I'm over all that. I'm just going to shitpost when you shitpost until the whole thread is just one big shitpost. Looks like I've already accomplished that and my job is done here.
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>>1006048
Don't buy on localbitcoins. This faggot right here is trying to sell you his overpriced bitcoins at a markup.
>>
The banks rule the world. They have money, power, and the customer base to make sure their coin will be accepted rather than Bitcoin.

People don't care what system is used as long as their money is safe and it can be used quickly and cheaply. Banks are for the most part safe, that's why they've been used for hundred of years and blockchain will streamline them.

How will Bitcoin compete?
>>
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>>1005999
>Bitcoin transaction volume is stagnating
Dafuq are you on?
https://blockchain.info/charts/n-transactions
>>
>>1006074
They haven't had honest competition in over half a decade. They use government regulations to smash competition. Furthermore the banking system is anything but safe, if 2008 didn't teach you that you can just wait for the next liquidity crisis only this time printing more money will be even less effective at stopping the domino effect than it was the last 3 times they have tried using that strategy. Overall bitcoin just has to survive, the race to the bottom garentees hard assets like bitcoin should do well. Property and gold too probably, but neither have the same growth potential in the long haul.
>>
>>1006053
Ok bye
>>
>>1006053
You shall be missed poorsportbummper
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>>1006055
Why would you provide a service for free? I'm not running a charity if you want me to take the time to come meet you in person so you can buy anonymously with cash you pay a markup. Economy 101
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>>1006076
>thinks number of transactions is the same as volume
>>
>>1005709

I think big banks will eventually introducing their own version of bitcoin and bitcoin will fade into oblivion.
>>
As someone who doesn't understand much about the bitcoin process, what is the most efficient way to purchase bitcoins with the intent of using them for darknet purchases?
>>
>>1006086
I'm still here, bud. I told you I would pop in from time to time. That time is now.
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>>1006090
Oh I don't care. I'm not buying bitcoins. I'm just telling everyone else not to put money in your pocket because localbitcoins is ridiculously over priced.
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>>1006097
Localbitcoins. Any exchange will link to your name unless fraud
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>>1006101
Don't do this. Just go through an exchange. It will take an extra few days but you won't be paying a huge markup.
>>
>>1006096
AOL intranet, vs internet. One was open to anyone, one was centralized and only allowed certain users.
>>
nocoiners are so cute ;)
>>
>>1006105
This guy will get you in trouble. Exchanges have to comply with regulations. They will track the transactions to darkmarkets. Buy in cash or forget about it.
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>>1006113
Just buy on an exchange and use a coinmixer. Don't buy on localbitcoins unless you like throwing money down the drain.
>>
>>1006112
Bitcoiners aren't.
>>
>>1006113
I would tumble it before using it to purchase anything. I don't know how to tumble but I'm familiar with the term itself.
>>
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>>1006095
>thinks transactions and volume don't correlate with each other.
https://blockchain.info/charts/trade-volume
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>>1006130
They don't. Your chart also only goes back to the beginning of the year. The volume was much higher in 2013/2014. A little pump and dump doesn't mean more adoption. Where is the steady growth?
>>
>>1006136
For someone who was leaving this thread 5 times your persistence is admireable.
>>
>>1006125
Thinks coin mixers won't be outlawed Toplel this guy is awesome. I have never seen such a nocoiner
>>
>>1006155
I was leaving once. Then I came back.
>>
>>1005879
>Bitcoin can not be destroyed. It operates too similarly to the torrent networks.

>Bitcoin is antifragile. Any new competition, any online buttcoiner trolling, any harsh regulations or warning from governments only makes it stronger as it routes around any obsticles.

>Bitcoin can not be inflated away for short term political or personal gain. The set cap in number of bitcoins to be created along with the gradual decline in production of coins means that all other things being equal, even if it never updated again, it would be worth more next year than this year. It is the best performing currency of the last 6 of 7 years.

>Bitcoin represents the most pure form of money as information. It is literally a protocal that can be updated at any time for almost any reason so long as it is in the best interest of Bitcoin. This money can and has been getting upgrades.

>Nothing on this planet has more potential than bitcoin. If you can't see that by now I'm sorry for whoever failed trying to educate you.
>Nothing has ever bootstrapped a global currency as fast as Bitcoin. The last notable currency to do what bitcoin is doing was silver and it took 6 months just to cross the Atlantic.

Don't forget immutable, uncensorable, global ledger. No more fraud in charities or banks that operate out in the open on bitcoins network when anyone can audit them anytime.
>>
>>1006157
The guy was asking the best way to do it now. Coin mixers are available now. Who cares if they get banned later. It's a much better idea than paying extra to buy buttcoins on localbitcoins and having to meet up with some autistic neckbeard like you in person.
>>
>>1006169
Whole 3 minutes huh? Had to take a shit? Don't have one of those cool shitters in your chair yet huh? I'm sorry for your loss.
>>
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Yo nocoiner cope it hard.
https://www.youtube.com/watch?v=_mLIjpkEHsE
>>
>>1006170
Don't forget copied and used by banks now. So much for first mover advantage.
>>
>>1006173
Yea I had to take a shit. In this thread.
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>>1006177
Altcoins tried that too. It worked out decently enough for some of them but none can match bitcoin and neither will the banks fedcoin. Closed vs open source. I'm not say I ng it won't be an upgrade from there current setup, just that in the long run they are limited to jurisdiction and regulation bitcoin will just route around. Like how the internet killed most intranets.
>>
>>1006183
Using your analogy, Bitcoin isn't the Internet. It's just another intranet. One used by a small minority of libertarians and drug buyers and hoarded by a bunch of wanna be day traders and speculators.
>>
>>1006188
>>1006188
Lmao it's open source, anyone can join, not limited by jurisdiction or regulation. It is the internet of money. Those are the qualities that were important when the internet started, it's why we all use it today.
>>
>>1006186
What damage control? The whole thread is about how Bitcoin got BTFO. What damage is there to people who don't own bitcoins? You're an idiot lol.
>>
>>1006194
>BTFO
>over $400 per coin
I don't think you know what that means
>>
>>1006192
Ok I guess there is a few internets of money now and the major one will have unlimited resources behind it. I put my money on JP Morgan, SWIFT, IBM, and other major companies and banks over a few NEET speculators and drug buyers any day.
>>
>>1006201
That's dair, it'll be wrong but your more than welcome to bet against Bitcoin. You could be shorting it right now. Again I wouldn't advise such a reckless thing but if you believe so strongly maybe you should. Either way you spend a lot of time here to not have some skin in this game.
>>
>>1006199
>a market that can collapse at any point
>that's even assuming that every coin is worth $400 and if people start selling the price doesn't drop to virtually nothing
>>
>>1006204
Newsflash, every market can crash at any time. If you think the fed has 100% reserves then you need to go back to school. The beauty of bitcoin is that it makes no false promises. It's a protocal that works because math is useful and encyption is safe. When the fed goes belly up everyone depending on it will be out in the cold. If bitcoin goes belly up we all lose a little money then relaunch the next one with everything we learned from the first one. Pretty doubtful tho as you would have to sell 4 times the amount of bitcoins in circulation to crash the price below 100.
>>
>>1006211
>likelihood of the dollar collapsing: doomsday like scenario. Whole world crumbling. People returning to cannibalism in suburban neighborhoods

>likelihood of the Bitcoin market collapsing: eh, not too unlikely

See the difference?
>>
>>1006220
One trend is up, the other is down. Place your bets but I have no faith in polititans.
>>
>>1006211
>no false promises
Lol you guys promise price raises all the time. I can't even browse this board for a day without someone saying that Bitcoin is going up to $500 or $550 or $600 or $2300 or whatever the fuck. Then you have the people who are promising it will reach mainstream use. It's all bullshit.
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>>1006227
We share our opinion that price will increase with utility. This has been backed up with over 9000% gains sense it's creation just a few years ago. Fiat is down 99% sense it's creation and they flat out say it's better for you if your money is worth less tomorrow toplel
>>
>>1006211
>Pretty doubtful tho as you would have to sell 4 times the amount of bitcoins in circulation to crash the price below 100.

maybe you need to go back to school. there don't have to be any trades for a market price to go to zero
>>
>>1006232
.... that's funny lol where did you learn that?
>>
>>1006230
>Bitcoin was once worthless now it's not
>100000000% gains!
Lmao. That's not how it works.
>>
>>1006236
Actually that's exactly how it works when you go from a penny to hundreds of dollars per coin/stock
>>
>>1006234
thin liquidity and a massive drop in demand can cause a market to tank without very many trades being filled

this is simple stuff
>>
>>1006236

How does it work then?
Its only gains if your royal decree says so?
>>
>>1006240
What is it very few trades or none? Your being very inconsistent here
>>
>>1006234
He's right. The only thing that changes price is demand or lack thereof. That can change overnight.
>>
>>1006244
Price is determined where supply meets demand. If it doesnt meet at all then it stays where it last traded untill a new trade is made. This is simple stuff guys common the ponzi arguments where better than this.
>>
>>1006242
it is theoretically possible for no trades to happen and the price to go to zero... I took it to the logical extreme so that you would understand that your silly assertion made no sense
>>
>>1006250
No your statement is false. A trade has to be made to change the price. The bids right now accross just the top 5 exchanges out number the amount of bitcoins in circulation therfore you can not crash the price to zero because you would need more bitcoins than exsist.
>>
>>1006239
No. It's not. Only a few people realized those type of gains. And even then I'm sure most of them sold at 100% ROI. You are implying that people can buy Bitcoin today and have the same type of gains that Bitcoin had when it went from totally worthless to worth something. Youre right. Bitcoin is EXACTLY like a penny stock.
>>
>>1006255
That depends entirely on the utility of bitcoin in the future. All things being equal, even if it got no updates and user base did not expand the price would continue up for the simple reason that supply is contracting. Supply and demand economics, it's rather simple.
>>
>>1006252
bids can be dropped. if demand drops, that's exactly what would happen
>>
>>1006245
You're dense. You just repeated almost exactly what I was saying, that price has to do with demand.
>>
>>1006265
True and asks can be dropped as well wich is exactly what happens when the price starts to increase rapidly as it has done many times. See I can talk about abstract future events too.
>>
>>1006259
>supply is contracting
And demand with it. Which is the reason that the transaction volume hasn't been steadily increasing over time.
>>
>>1006270
you've already been doing that

>Pretty doubtful tho as you would have to sell 4 times the amount of bitcoins in circulation to crash the price below 100.
>>
>>1006268
The trend is still against you. Demand has been increasing and as Bitcoin becomes used for more than the private nasdaq trades or the visa-docusign auto loan program it will grow in utility adding to demand. That's visa and nasdaq using the bitcoin blockchain as a notery, just a simple notery. If you think that's all programable money is capable of then I would bet against Bitcoin too but I think it's just the tip of the iceberg.
>>
>>1006270
You have sidestepped the original point which is that the Bitcoin market can collapse at any time without even many trades to facilitate it. If the demand falters and dies, so does your whole economy. There are many events that can cause this to happen.
>>
>>1006278
>>1006278
That's actually current statistics from the markets right now. Go check bitcoinwisdom if you don't believe me. There are 15 Million coins, It would take more than 45 million to crash the price bellow $100 accross all exchanges. That means people have parked a ton of cash on the sidelines waiting for a crash like that just to get what they think is a good price.
>>
>>1006259
Bitcoins aren't a physical consumable product like oil, which is consumed and therefore changes in value depending on supply and demand. Bitcoins are more like the dollar, which can has a completely made up value assigned to it irregardless of supply and demand. All that changes is how many/fractions of a bitcoin or dollar it takes to buy something.
>>
>>1006281
>>1006281
And there are many events that could cause the same thing in any market. Take the usd for example. Over the last 3 months foreigners have sold treasuries at a record pace. They have never unloaded so much US debt so fast as they are right now. I would say the $ has a crisis of faith on its hands.
>>
>>1006289
Actually they are used for things other than money. Nasdaq needs them to secure private trades between private parties right now for example. They use the bitcoin ledger as a notary. So does visa with its new auto loan program in partnership with docusign.
>>
>>1006285
Wrong. I don't think you understand basic economics enough to get what we are saying, and I don't feel like repeating myself more than once.
>>
>>1006298
Your giving hypotheticals, I gave you the real number you would need to crash the price without everyone magically doing exactly as you predict they MIGHT.
>>
>>1006295
There is so much bullshit in this post that you should be ashamed for even typing it. You have no idea what the fuck you are talking about. Seriously.
>>
>>1006304
Yet you make no specific clarifications. Like most of the silly things you say.
>>
>>1006285
lol, you aren't understanding what I'm saying. that order book changes on a whim. you give bitcoiners a bad name m8
>>
>>1006301
And you are completely and totally wrong. You pulled the number from your ass. The price can crash tomorrow just by everyone panic selling. All that would need to happen is for people to remove thier buy walls and other people move the sell walls. Again, you have no clue what the fuck you are talking about.
>>
http://www.bloomberg.com/news/articles/2015-07-23/nasdaq-expects-to-be-first-exchange-to-use-bitcoin-technology

The stock market operator ispartneringwith infrastructure provider Chain to use blockchain to issue and transfer the shares of privately held companies. Blockchain is the ledger that drives the bitcoin digital currency.

https://www.docusign.com/blog/the-future-of-car-leasing-is-as-easy-as-click-sign-drive/

To begin the process, a prospective customer chooses the car they want to lease after test-driving, evaluating their options, and completing any pre-approvals. That car’s identity is then registered on the Bitcoin Blockchain – the secure ledger database used to record transactions over broadly-distributed computer networks.
>>
>>1006311
>>1006309
Again hypotheticals. And no go check if you don't believe me, there are more than 50 million bids for coins right now.
>>
>>1006313
This is a lot different than Nasdaq and Visa "needing" Bitcoin. Just because they have R&D projects down the pipeline that may include Bitcoin blockchain is it a far cry from what you implied previously. If Bitcoin crashes to a dollar per coin, I'm sure that they would still be able to use the technology, maybe. If not they can just integrate into a new blockchain. The fact that Overstock wants to issue its stock with the blockchain is nothing new. The CEO is a nutcase and has already caused irreparable damage to his company. Regardless, they can technically issue thier own company stock however they want.
>>
>>1006315
We are talking in hypotheticals, dude. Did you think we were implying it's already happened? The whole point is that it CAN happen fairly easily.
>>
>>1006323
Nasdaq project went online 4 quater of this year but thanks for not reading the articles. They use bitcoins right now.
>>
>>1006325
My point is its technically impossible with the current bids and asks. Your spouting hypotheticals like they will happen any day now. Goodluck with that.
>>
>>1006329
Nope. That's an old article and that project never went live.
>>
>>1006330
The fact that you think it is impossible for bids to dry up almost instantaneously means you don't have a clear idea of how markets even operate. I don't even know how to respond to someone with so little knowledge that they can't comprehend basic concepts.
>>
>>1006335
Nice try fudboy
http://www.forbes.com/sites/laurashin/2015/10/27/nasdaq-unveils-blockchain-enabled-platform-linq-announces-6-inaugural-clients/

On Tuesday, at the Money 20/20 conference in Las Vegas, Nasdaq CEO Robert Greifeld will conduct the first-ever demonstration of Linq, a platform formanagingshares of private companies using technology derived from that which powers Bitcoin, which was announced earlier this year.


It's called linq now, they like it cause it saves them money. Which is why it will become a standard in the financial industry.

Like most of your claims in this thread, you are incorrect again with your baseless fud.
>>
>>1006340
OH boy you're not going to like this, lmao. I thought you were talking about the other initiative. You're talking about Linq? You just got BTFO again. Linq doesn't use the bitcoin blockchain dummy.

>To develop Linq, Nasdaq’s own technologists collaborated with Chain.com and global design firm IDEO to create a user-friendly platform that takes advantage of its own blockchain, instead of logging the transactions on the public Bitcoin blockchain.

Yikes. Sorry to break the bad news to you, bro.
>>
>>1006186
>damage control
>>>51945765
>>
>>1006350
You have zero understanding of how this works but I'll try and hold your hand. The "private blockchain" more of a database really is what they use internally. They still need to stamp it with Proof of Work into the Bitcoin blockchain at least once a day. I know technicalities arnt your thing but if you had to use the bitcoin blockchain for every trade it wouldn't work in its current form without needing a horrendous amount of bitcoins. This way they can make as many transfers as they want and still pay the same rate every day to secure the private ledger with the public one.
>>
>>1006368
>facepalm
Totally wrong. They don't use the Bitcoin blockchain at all. They have their own blockchain. You're an idiot.
>>
>>1006373
Fear, uncertainty, doubt, it's fudboy!

Don't give examples or sources just throw shit at the wall and see what sticks. Well goodluck to you, your gonna need it.
>>
>sidechains: private blockchains secured by the bitcoin blockchain. All the benefit of complete ownership, with all the security of the largest computer network in the world.

This is the next stage of development in the bitcoin space and it is why there is no limit to what bitcoin can do.
>>
>>1006378
Here's the proof dumbsky.

>http://www.coindesk.com/hands-on-with-linq-nasdaqs-private-markets-blockchain-project/

Nasdaq is not using bitcoins blockchain. They use thier own blockchain. The article explains how it works. You are a liar and a terrible shill. I would say you bring disgrace to Bitcoiners but a lot of them are just like you. Any other bullshit you want to spew here?
>>
>>1006380
Irrelevant to anything we are discussing.
Thread posts: 172
Thread images: 26


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