why do you hate freedom?:whiste:
http://consumerist.com/2014/02/06/apple-purges-last-bitcoin-wallet-from-its-app-store/
No more bitcoin wallets in Apple's app store. The bitcoin people see it as Apple doesn't want competition with its currency. (I find that laughable, since Apple uses currency based on the US dollar.) I think it's more a matter of Apple not wanting any part of when that market crashes.
I can't help but think it's mainly that they can't monetise it yet into Store sales
90% of apps in the store are free and they still have banking at credit card apps available for download, so that conspiracy is debunked.
You may be too wrapped up
I cherish and I do mean cherish the times ahead of us when the bitcoin fanatics realize that they were wrong and that, yeah, really, bitcoin was a fad.
I cherish and I do mean cherish the times ahead of us when the bitcoin fanatics realize that they were wrong and that, yeah, really, bitcoin was a fad.
because the US dollar has never been used for that. . .
pyramid scheme ? i bought my first bitcoins this week. . . paid $25 for .024
I don't get it. They are "mined", ok. And then you are able to buy fractions of one. Where are they stored, and if they are so anonymous how are they stored there? What prevents people from just hacking the code so to speak and making their own without mining?
Bitcoin is a gigantic game of musical chairs. There will be many winners, those that aren't holding the bag when it comes tumbling down. And there will be many, many losers, those who bought in big at the wrong time, or held too long.
The smartest are those who continually stream in and out of it, never too big at once, and who transfer that wealth out of the volatility into tangible assets.
If Bitcoin still exists in 5 years I'll be somewhat astonished.
The facts of the issue at hand :
(A)- The governments of the world CRAVE power and control.
(B)- This control comes in legal and financial absolutism.
(C)- Bitcoin and similar virtual currencies are outside of the regulatory and taxation systems operated by the most powerful governments on earth.
this leads to
(D)- Bitcoin is crushed by regulation and government controls. All they have to do is write and pass a law that says that sending or receiving a digital currency not regulated by the federal government is a felony punishable by prison time and fines, and boom : it's reduced to irrelevance.
The best anyone can hope for is that Bitcoin et al are co-opted by the government rather than being outright crushed.
People tend to forget that the G-men *DO* take exceedingly strong steps towards eliminating challenges to central authoritarian control, ESPECIALLY when it comes to financial instruments. You either buy/co-opt them (Big Banks), or get kicked to the curb.
I'll give you another hint :
http://en.wikipedia.org/wiki/Cyber_Intelligence_Sharing_and_Protection_Act
Look at the voting numbers on this thing. Democrats were split on CISPA support, but Republicans almost universally support it. If you understand what CISPA means in terms of aligning the government with corporate interests, one can see the writing on the wall : this WILL pass, and similar legislation when the Republicans next gain control of the Senate. Also relevant, SOPA was a Republican initiative, so was the Patriot Act series, yadda yadda.
So approximately 12-24 months at the longest after the next Republican takeover, say sayonara to the *coins.
Everything's a fad until it isn't. All the geniuses can retroactively look at history, and say "told you it was a fad", while silently forgetting everything that wasn't a fad.
All the conspiracy wingnuts come out of the woodwork.
They got rid of it because they don't want to be associated with what is mostly a pyramid scheme and something used for drug dealing and money laundering. It's not good for their image.
You have no clue what you are talking about.
The amount of USD that is used in drug trafficking and money laundering is staggeringly more than the amount of BTC that isused for the same purposes.
The amount of USD involved in money laundering is estimated to be between $800,000,000,000 and $2,000,000,000,000 globally.
The entire market cap of BTC is less than $20,000,000,000.
So even if you assume that everyone who owns and uses BTC is participating in money laundering, you barely touch 1% of the amount of USD used in money laundering.
I don't get it. They are "mined", ok. And then you are able to buy fractions of one. Where are they stored, and if they are so anonymous how are they stored there? What prevents people from just hacking the code so to speak and making their own without mining?
No, you misunderstood me. I was laughing at the people who think it's a conspiracy that Apple is in on to squash bitcoin.You're saying Bitcoin is more stable than USD?
The crazies come out of the woodwork.
No, you misunderstood me. I was laughing at the people who think it's a conspiracy that Apple is in on to squash bitcoin.