8400+ entries in 0.159s
mjr_: if no one can buy or sell with bitcoins, their value drops
mjr_: so, i think the two are mutually dependant
mjr_: if everyone could hoard all their assets forever, everyone might do that, but life costs money
mjr_: and you will spend btc
mjr_: my point being, if you run out of cash, you still must spend somewhat
mjr_: assuming you drink coffee
mjr_: or you exchange and then buy the coffee releasing them into the supply
mjr_: releasing them into the supply
mjr_: so either you buy a coffee using your bitcoins
mjr_: and eventually...paper money needs to be spent or it is really worthless
mjr_: many (most) don't have as many as you
mjr_: very true and that is the way to go, if you have a lot of btc
mjr_: but you can market make
mjr_: he can peg the cost in btc to the dollar
mjr_: but take my friends coffee shop
mjr_: if anyone, anyone at all, can tell me they do not use fiat at all for any reason, then i will be surprised
mjr_: but eventually stabilize at whatever the market decides
mjr_: exchange will always happen, price will rise
mjr_: apple has to pay foxconn using yuan
mjr_: fuck, you can't even get by in the world using only the dollar
mjr_: so there will always be room for exchange
mjr_: again, you can't buy a new car, pay loans etc with btc
mjr_: but i don't think it will be that quick
mjr_: pending implementation details etc
mjr_: my friend who owns a coffee shop in soho tentatively agreed to accept bitcoins
mjr_: but i think the adoption and publicity has exploded as fst
mjr_: or our bosses will pay us in btc
mjr_: however, there will be quite a bit of time before we can pay rent in btc
mjr_: i agree that is the ultimate goal
mjr_: i feel like that is on at least a hundred VC's whiteboards right now
mjr_: yeah, unfortunately you still have to have an idea
mjr_: yeah, think a few of them want out of the eurozone
mjr_: no, not using vwap, using mt gox last i meant
mjr_: think there is at least another 20 mil for $2....
mjr_: 280 using average which is around 25
mjr_: at current price, we may have broken 300 mil
mjr_: think idiff futures are a good call?
mjr_: do you know what exchange asicminer is going to be on?
mjr_: will BFL ever deliver
mjr_: yeah the first batch is not "wild" yet
mjr_: watched it hash, (well not actually the bits, but it was on)
mjr_: i saw one in person
mjr_: avalon has been online
mjr_: they are only going to have half the hashing power of the avalons
mjr_: i mean, changing the world and the financial systems, giving people a more democratic method of payment, giving them power...that is all well and good...i really just want to see SA cry
mjr_: is that counting other exchanges and coinbase?
mjr_: but i can see baseless tulip stuff vs growing interest
mjr_: no one can predict and i don't even want to
mjr_: anyway, by any metric you choose, they are growing everywhere, blog mentions, google trends, SR users, SR items for sale, overall volume
mjr_: did not realize that
mjr_: this time (i believe) it is based on greater adoption and publicity
mjr_: saw a great article on the rally
mjr_: he was like, ah i haven't heard of that in a while
mjr_: i had the time and thought this guy would be like wtf
mjr_: cuz getting them to chat with jason will be tougher
mjr_: well...i want to be able to try and get a bunch of people to email
mjr_: second suggestion, accept bitcoins
mjr_: so i said my first suggestion is that you get an email address for suggestions
mjr_: but that he could relay my suggestion
mjr_: he said they don't have one for suggestions
mjr_: had to live chat cuz i couldn't find an email address
mjr_: so i went to suggest to netflix
mjr_: is there a way to tweet a bitcoin at someone?
mjr_: TBH, it is my second least favorite method after mt gox
mjr_: i think they will do better as online wallet/vendor support than as actual bitcoin exchange
mjr_: by the way...notice that reddit went through coinbase...
mjr_: but, i kinda appreciate not having to think about netflix, just automatically take my $7...if i had to call or actually do something...probably wouldn't be worth the effort
mjr_: you don't like, you cancel
mjr_: yeah, i mean, that is kinda on the buyer
mjr_: they love recurring monthly stuff vs they have to choose to pay each month
mjr_: just saying that would be a great feature to offer a netflix
mjr_: and i know cron jobs :( so like i said we need a wallet with recurring payments