Senate hearing on Bitcoin [video]

Re:Senate hearing on Bitcoin [video] by icebraining on Monday November 18, 2013 @06:56PM (#6758215)

The commissions earned by Silk Road were just shy of $80 million over more than two years. Where did you get $800 million from?

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Re:Senate hearing on Bitcoin [video] by Varcht on Monday November 18, 2013 @07:16PM (#6758299)

By some reports they were looking at 600,000 bitcoins[1], read some headlines today that bc was at $750[2], make more people comfortable with them...

[1]FBI struggles to seize 600,000 Bitcoins from alleged Silk Road founder by Alex Hern http://www.theguardian.com/technology/2013/oct/07/fbi-bitcoi...

[2]Bitcoin hits $750, up 107% in a week By: John Phillips http://www.cnbc.com/id/101205416

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Re:Senate hearing on Bitcoin [video] by ars_technician on Monday November 18, 2013 @10:03PM (#6758985)

Some coins selling at $750 doesn't mean someone is willing to pay $750 for 600,000 coins.

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Re:Senate hearing on Bitcoin [video] by Varcht on Tuesday November 19, 2013 @12:08AM (#6759403)

That's true now but legitimize it and get some real capital guarantees and that could change.

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Re:Senate hearing on Bitcoin [video] by dangrossman on Monday November 18, 2013 @07:04PM (#6758247)

There's a way to convey that information without the condescending tone.

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Re:Senate hearing on Bitcoin [video] by eloff on Monday November 18, 2013 @07:08PM (#6758271)

You are aware that the other definition of billion is even larger right?

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