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04-04-2015, 13:54   #46
folamh
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Originally Posted by Strawberry Milkshake View Post
I still don't understand Bitcoin. If there are only 21 million Bitcoin but there are billions of people, how many fractions of a bitcoin will there have to be and what if it still isn't enough? Do you just make a new fraction and give it a name?

I'm seriously dumb when it comes to this stuff.
What if it isn't enough? It's infinitely divisible.
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04-04-2015, 13:58   #47
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Can you buy Bulgarian apartments with Bitcoin? That will get the Irish interested
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05-04-2015, 04:54   #48
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I'd love if more companies gave the option to pay in bitcoin.

Back when they first came about I had a chance to buy 10k of them for $10k so $1 a piece. Decided not to trust my gut and what do you think happens? They went to over $1k per bitcoin at one point.

I'd be like fkn rich bro.
Except you'd have sold at $2/3.
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05-04-2015, 21:48   #49
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Economist Milton Friedman predicting the creation of bitcoin back in 1999:


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12-04-2015, 15:38   #50
KpsCowley
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Originally Posted by Lingua Franca View Post
You seem to be a vocal proponent of Bitcoin there, KpsCowley, is that anything to do with your business page in your profile?
Hi Lingua, I am not promoting my business here, just trying to provide more information for people so that they can make their own minds up.

Regards,
Kevin.
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12-04-2015, 15:52   #51
 
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Bitcoin - perfect for all those things you want to buy but are afraid to use your credit card for. Silk Road 2.5 here we come!
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12-04-2015, 16:11   #52
KpsCowley
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I cringe every time I see Bitcoin being associated with unscrupulous activates, and it is saddening that such a beautiful technology is being used irresponsibly. Bitcoin can do a lot of good. ‘With great power comes great responsibility’.
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12-04-2015, 19:54   #53
alb
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I cringe every time I see Bitcoin being associated with unscrupulous activates, and it is saddening that such a beautiful technology is being used irresponsibly. Bitcoin can do a lot of good. ‘With great power comes great responsibility’.
Think of it as beta-testing. Bitcoin was new and untested and only used by the few die-hard enthusiasts that knew about it, it wasn't user friendly and there was little to no ecosystem to provide user-friendly services or even ways to obtain it. It was going to take people with a huge incentive to try Bitcoin for it to get tested in a comprehensive real-world market. The dark markets were inevitable once possible, and they needed Bitcoin.

I've said earlier in this thread that Bitcoin will be adopted first where it fills the biggest need, and this is an example of that, along with online poker/gambling, and any privacy-sensitive transactions. This stuff all helps to bootstrap the ecosystem though, until more legal use-cases become widespread, what the first of those will be, and what will catalyse it I'm not sure, but it feels like it's just a matter of time now.

I remember seeing this talk by Balaji Srinivasan a couple of years ago, and being really impressed with it. It's not Bitcoin specific, if you've 15 minutes free I recommend it:



I'd never heard of him before or since, but was excited when I heard he's behind a company called 21.com which secured $116 million in venture capital investment a month ago. This is the most any Bitcoin company has received to date, and they haven't even announced what products/services they'll provide yet. I can't wait to find out.

If you think the only people that care about Bitcoin are prepper libertarians, neckbearded nerds in their basements and drug dealers you might want to think about why a guy with this CV is going to be working fulltime on a Bitcoin company, and he's just one of many.
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18-04-2015, 12:59   #54
KpsCowley
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Can we have a Cryptocurrency/Bitcoin section on boards.ie?

Does anyone know the procedure for suggesting a new forum section?
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18-04-2015, 13:03   #55
 
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There's the Forum Requests forum:
http://www.boards.ie/vbulletin/forumdisplay.php?f=461

I suggested a Political Economy forum a while ago, which is still an active suggestion - I think discussion of Bitcoin/Cryptocurrency, and its political/economic implications, would fit in quite well there - could post +1 to that if you think it's a good forum idea:
http://www.boards.ie/vbulletin/showt...p?t=2057313876

There's also the existing Economics forum - which is mostly dead:
http://www.boards.ie/vbulletin/forumdisplay.php?f=858
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03-05-2015, 01:07   #56
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I'm not even sure boards needs a crypto/bitcoin board. If you really want to get into the nitty gritty the dedicated bitcointalk.org forums already exist, and have nearly the same number of users as the entirety of boards.

I do think there's probably scope for a new board though where posts about bitcoin threads would feel at home. I've posted in bitcoin threads in many forums here already - After Hours, Technology, Investments and Markets, Entrepreneurial & Business Management, Politics, Economics. At any time you can look at the Banking & Insurance & Pensions board and consider how Bticoin could impact any of the problem threads posted there.

I don't think a new board should necessarily be a Bitcoin specific board, I'm also not sure if it should be a Political Economy board (as Komrade suggested). Other options might be Futurism or Decentralisation. Something like this would include crypto/Bitcoin, and all the areas it touches on (economic, political, technological etc) but would not be limited to it. There might be other threads on related things like Uber, Open Bazaar, Tesla energy.

In actual Bitcoin news, Circle secured 50m in new funding this week from investors including Goldman Sachs, which raised a few eyebrows. Bitcoin hype is in a trough, but investment in the industry continues to increase and the legacy finanical players are dipping their toe in.
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03-05-2015, 02:06   #57
 
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Originally Posted by alb View Post
I'm not even sure boards needs a crypto/bitcoin board. If you really want to get into the nitty gritty the dedicated bitcointalk.org forums already exist, and have nearly the same number of users as the entirety of boards.

I do think there's probably scope for a new board though where posts about bitcoin threads would feel at home. I've posted in bitcoin threads in many forums here already - After Hours, Technology, Investments and Markets, Entrepreneurial & Business Management, Politics, Economics. At any time you can look at the Banking & Insurance & Pensions board and consider how Bticoin could impact any of the problem threads posted there.

I don't think a new board should necessarily be a Bitcoin specific board, I'm also not sure if it should be a Political Economy board (as Komrade suggested). Other options might be Futurism or Decentralisation. Something like this would include crypto/Bitcoin, and all the areas it touches on (economic, political, technological etc) but would not be limited to it. There might be other threads on related things like Uber, Open Bazaar, Tesla energy.

In actual Bitcoin news, Circle secured 50m in new funding this week from investors including Goldman Sachs, which raised a few eyebrows. Bitcoin hype is in a trough, but investment in the industry continues to increase and the legacy finanical players are dipping their toe in.
I'm dying to buy 4 or 5 at the moment, I would if I had a grand spare, I will in a few months when things are more financially stable again for myself but knowing my luck they'll be back to a grand a pop
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03-05-2015, 21:44   #58
KpsCowley
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Originally Posted by alb View Post
I do think there's probably scope for a new board though where posts about bitcoin threads would feel at home. I've posted in bitcoin threads in many forums here already - After Hours, Technology, Investments and Markets, Entrepreneurial & Business Management, Politics, Economics. At any time you can look at the Banking & Insurance & Pensions board and consider how Bticoin could impact any of the problem threads posted there.

I don't think a new board should necessarily be a Bitcoin specific board, I'm also not sure if it should be a Political Economy board (as Komrade suggested). Other options might be Futurism or Decentralisation. Something like this would include crypto/Bitcoin, and all the areas it touches on (economic, political, technological etc) but would not be limited to it. There might be other threads on related things like Uber, Open Bazaar, Tesla energy.
I really like this suggestion alb. I would definitely +1 that on the Forum Requests forum: http://www.boards.ie/vbulletin/forumdisplay.php?f=461. Regarding your reference to bitcointalk.org, by suggesting a dedicated boards.ie section I was hoping for a more Irish specific place to discuss the issues (the implications here as well as general conversation).
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08-05-2015, 11:10   #59
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I'm dying to buy 4 or 5 at the moment, I would if I had a grand spare, I will in a few months when things are more financially stable again for myself but knowing my luck they'll be back to a grand a pop
Just started doing this during the week and learning all about it, got thousands of satoshi's now but no full bitcoins yet lol.
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