Re:Bitcoin exchange rate reached $100 USD per BTC
by niggler on Monday April 01, 2013 @10:38AM
(#5473263)
"Bitcoin grows like crazy because it is a money proved to work."
Bitcoin grows like crazy thanks to various entities of increasing credibility building an ecosystem around BTC. Like Coinbase, which I'm sure is why a lot of people here got into bitcoin.
Listen for about 30 seconds of https://www.youtube.com/watch?v=0UKC7iaBKvs#t=830s
Re:Bitcoin exchange rate reached $100 USD per BTC
by codehalo on Tuesday April 02, 2013 @01:29AM
(#5477842)
Coinbase is a fucking disaster.
Re:Bitcoin exchange rate reached $100 USD per BTC
by rmc on Monday April 01, 2013 @10:57AM
(#5473410)
you can split it in 100 pieces and send to 100 people in different countries in a matter of seconds.
No, a transaction can take from 10 minutes to an hour to complete. You may have to pay a percentage to do that aswell.
Re:Bitcoin exchange rate reached $100 USD per BTC
by oleganza on Monday April 01, 2013 @11:04AM
(#5473464)
If they trust you, it's a matter of seconds. And anyway, try to do that in 20 minutes with gold.
Re:Bitcoin exchange rate reached $100 USD per BTC
by paulgb on Monday April 01, 2013 @01:34PM
(#5474549)
If they trust you, they can do it with gold too. "I owe you an ounce of gold."
Re:Bitcoin exchange rate reached $100 USD per BTC
by oleganza on Monday April 01, 2013 @05:32PM
(#5476070)
They need to trust you for 10-20 minutes before confirmation, not forever like with borrowed piece of gold.
Re:Bitcoin exchange rate reached $100 USD per BTC
by TylerE on Monday April 01, 2013 @10:37AM
(#5473256)
It'll be proven to work when you can pay taxes and buy groceries with it.
Re:Bitcoin exchange rate reached $100 USD per BTC
by AdmiralBeotch on Monday April 01, 2013 @04:31PM
(#5475716)
Pay taxes and other government debts here: http://www2.egovlink.com/press-release-bitcoin.cfm
You can already buy food at a couple places in Vegas where I live.
Bitcoin is not a promise of future delivery. Like William Gibson said, "The future is already here — it's just not very evenly distributed."