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Ireland should we embrasse Bitcoin !

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Comments

  • #52
    alb
    Registered Users, Registered Users 2 Posts: 1,259 ✭✭✭alb


    KpsCowley wrote: »
    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.


  • #53
    KpsCowley
    Registered Users Posts: 175 ✭✭KpsCowley


    Can we have a Cryptocurrency/Bitcoin section on boards.ie?

    Does anyone know the procedure for suggesting a new forum section?


  • #54
    KomradeBishop
    Closed Accounts Posts: 4,981 ✭✭✭KomradeBishop


    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/showthread.php?t=2057313876

    There's also the existing Economics forum - which is mostly dead:
    http://www.boards.ie/vbulletin/forumdisplay.php?f=858


  • #55
    alb
    Registered Users, Registered Users 2 Posts: 1,259 ✭✭✭alb


    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.


  • #56
    Mint Aero
    Closed Accounts Posts: 3,570 ✭✭✭Mint Aero


    alb wrote: »
    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


  • #57
    KpsCowley
    Registered Users Posts: 175 ✭✭KpsCowley


    alb wrote: »
    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).


  • #58
    Gazzmonkey
    Registered Users, Registered Users 2 Posts: 816 ✭✭✭Gazzmonkey


    Mint Aero wrote: »
    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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