I meant more the speculation. It's difficult to take seriously a 'currency' where 1 equals ~$100, let alone 1 equalling $140 one minute and $80 ten minutes later. It's a joke.

It wasn't hard to predict that once it became, or becomes, widely enough used that The Man would attempt to control it. That's inevitable.

They might not forget, but they won't care. That seems to be how it happens, for example, with the very shady origins of certain big porn outfits these days.

Using 'the internet' is a clueless analogy though. The net wasn't used for porn, let alone illegal porn, in the beginning. In fact it was not used for anything criminal in the beginning, and has never at any time been primarily used for illegal things. Same goes for the web.

the author messed up the quote, he included the term "illicit" in rephrasing it. that kind of sends it off in another direction,

but there was certainly a lot of unfounded skepticism and mistrust of the internet, not unlike now with btc.


and just like the internet, btc wasn't invented for use to support illegal shit/illicit shit/etc. but it did support a lot of porn in the early days.

Virgin tea or the panda bear tea?

OMG, Franck just figured out (sort of) how markets and currency works. :1orglaugh

Looking forward to the day you stumble across Forex. You're literally going to literally shit bricks.

I love reading all this bs about bitcoins.

What percentage of internet users actually have bitcoins?

What percentage of those bitcoin owners want to spend them rather than hold onto them as an *investment*?

What percentage of those that want to spend them are looking to buy a porn membership?

It would probably be easier to shoot a load through the eye of a needle, than charge via bitcoin for membership(s).

When a new technology isn't magically used by everyone right away its a failure right? How long did it take this internet hugabaloo to catch on? :Oh crap

You sound extremely clueless. Really extremely.
Let me guess, you know absolutely nothing about Bitcoin. You don't understand it. You just hate it. Am i right?

I never said it was a failure.

My point was, bitcoins are not as widely used or accepted as you seem to believe. Sure there is hype about it, sure it is getting media attention, however for every day joe, it is not something that matters.

As has been mentioned already, what kind of person is going to buy .00000001% of a bitcoin to then use to buy membership on a filelocker?

The idea of providing a payment gateway is to make it as widely accepted as possible, the idea isn't to make it a pita to use :2 cents:

the days of arguing bitcoin are long gone. seriously. it's here. $1 billion was exchanged in april alone. $millions and $millions of funding going in, soveriegn nations contemplating their own cyber-currencies, etc, et al, on and on, yada yada yada.


point your finger if you still want but that won't make it go away.


feel free to speculate but that's all we are all doing. we can all try and make analogies and comparisons but at this point, it's unprecedented so it's all a guessing game. the experiment is working, road blocks, ddosses, getting goxxed, hiccups and all.

just like the internet, wait, there i go again.

This is exactly what the haters don't seem to realize. They are still in denial. They think if they keep saying how ridiculous Bitcoin is that it will go away. While everyone can see that it's getting bigger every day. It's sad to see really. They look like a bunch of butthurt clowns.

Don't worry guys; it gets easier as time goes on.

we should all be thanking the early adopters and especially everyone who has lost money, losing money and will lose money in this because we will all ultimately benefit from these *investments* in the technology, infrastructure and ecosystem.

:)

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

too bad you didn't jump on board in 2010, when bitcoin was all over gfy the first time eh?

another expert :1orglaugh:1orglaugh:1orglaugh

:1orglaugh:1orglaugh:1orglaugh

been hearing some things about bitcoins and p2p/banks/general ugliness

pretty sure banks were expecting the governments to come down on it.. now that they are embracing.. i think we're gonna see escalation

the funny part about this is the same ones doomsdaying it then are doomsdaying it again now. :1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

:1orglaugh







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:1orglaugh:1orglaugh:1orglaugh

There are over a billion dollars worth of bitcoins already in people's hands. The number is growing by the day. 96% male demographic. Can be used worldwide, and no chargebacks. Horrible idea To try to cash in on this

that's not really surprising lol

however, personally, it's been interesting watching how 'tptb' have reacted/dealt with this

Yea. im not sure how this went this way anyway. This thread wasnt about bitcoins staying or going. Its about file lockers accepting bitcoins. And bitcoins are NOT paypal. Accepting bitcoins is only good for the bitcoin enthusiasts. Not everybody as or wants bitcoins. Fuck file lockers and fuck bitcoins. But one thing has nothing to do with the other in this thread. Bitcoins will stay until they are outlawed or made legal. But at this point people arent buying bitcoins to purchase things anonymously. They are buying them to trade for profit.

I give up, bitcoin fanboys are on par with mac fanboys. One and the same...

Yes lets ignore the millions of dollars spent on the silk road each month. :1orglaugh

visa or master will take the crown...

banks will fail because visa is everywhere...

a wallet type of currency...it will be a digital currency within a credit card it is the perfect solution for funding...

they would have to be smart and block payouts to credit cards...legit merchants do not mind being payed out by bank wire or check...or make "pay outable" accounts a KYC nightmare...


all the rest will fail...banks, google, bitcoins anybody who is not visa or master does not have the necessary set up to stay in business once visa enters the market...

could that.. be considered fixing what isn't broken?

Those bitcoin threads are popular after all.

I found a couple of cam sites accepting bitcoins and by reviews and observation of the site while running, they don't have enough sales. Bitcoins are used in online poker or gambling, drug dealer, as is illegal to do this with cc's, there is absolutely no other choice than use bitcoins to pay.

To buy normal stuff such as cams you can do it with cc, so why do it with bitcoins... and users love the fact they can chargeback with no reason, don't forget that.

Accepting bitcoin is like adding a phone biller or voucher card. We added pay by phone long ago (both gxbill and global-access), result: +0.001% of sales, few hundred dollar a year extra... while with cc's we process several $million.
People can pay with cc, so they use cc's simply, despite everyone got a cell or fixed phone (bitcoins is not as popular as phones yet). We added only a dozen of europeans paranoid about cc's, who used phone and voucher cards, nice but no +1% even.

So for gambling, drugs, and perhaps file lockers (after AK shut down all the cc pay options), there is no other choice than bitcoins, so you make volume in bitcoins, what else they can use!?

Perhaps revenue share in bitcoins can attract. Who own bitcoins is a collectors and wants to get more, not to spend: they sell when price high to re-buy when price low. Not buying service with bitcoins, unless unavailable with cc as drugs, gambling.

So rather than say "spend your bitcoins in this legal service you can buy with cc too", which does not happen... say: "get 50% of bitcoins spent by guys you send to our (cam) site". Message is: we give you a way to make bitcoins easier than mining or trading. Someone may promote this in hope to get bitcoins, but, I think really this promotion will cause more cc sales than bitcoins sales anyway, for reason explained above. Even who got bitcoins, will prefer to use his cc to buy a service, than his precious coins.

I told the developer of one of our cam sites to make a bitcoin revshare system as above (to pay in bitcoins directly the affiliate, no exchanges to/from dollars, so we're not targeted by govt's and banks as exchangers). I am unsure if he will do, it is optional task and depends how much he's fascinated by bitcoins and for how long.
If we launch that, I may publish bitcoin sales here unlike some others, so to have real numbers about adult service paid really in bitcoins.

so fucking funny that anytime someone puts dumbass franck in his place he just blocks that person HAHAHA, I can remember at least 10 times he flat out got owned and could not reply because he was so fucking wrong and it is either a crying baby picture or you get blocked lol, what a closed minded dumbass and all the people who sucks his nuts make me laugh too.
Franck flat out takes credit anytime bitcoin goes up and says I hope lots made money thanks to me but when it crashes or when people ask him if they should buy he will say I have no idea man. It is not worth my time to dig it up but you have seen it,
now he blocked DWB. Like him or not but he knows a lot about a lot and takes the time to post more then I like poo, then he blocks JFK lol.
Thanks for the laughs franck

so they got a subsidiary bank account in a 3rd world country?

solid :1orglaugh

That's a really interesting post, thanks!

It's an emerging technology that will take time to evolve, I don't see it becoming a widely used currency ever unless it's adopted much quicker. It is a great invention for the transfer of money quickly which is the main point that I believe banks will find a way to implement.

It's ridiculous in this day and age how long international wire transfers can take

VCs are putting money into Bitcoin but TBH it's only pennies, CoinLab got $5 Mil the other day but that's nothing in VC money.

It'll be interesting to see what the VC startups build within the next few months but IMO it'll take big VC money to get behind big ideas to make adoption much quicker. If someone managed to make the whole thing idiot proof they could do well.

It'll be worth watching how the Coinbase owners business does over the next 1 - 2 years & he's launching in the UK soon.

It's a trait of the arrogant :) Give it a few more weeks and everyone else on GFY will be on ignore LOL