03 Aug '12, 12am

interesting perspective on btc

interesting perspective on btc

I’ve copied the following from the article that appeared at SmartMoney.com, which mentions the sock merchant: “Forster began charging 75 Bitcoins for each pair in February and has since had to lower the price to 5 due to extreme appreciation in the currency’s value. ‘I wish I had kept all of them’ says Forster, who traded his Bitcoins on the way up for cash and web services.” This short excerpt illustrates two problems with bitcoins that present what I think are serious headwinds to their possible adoption as a legitimate currency. These problems have nothing to do with the fundamental design or implementation of bitcoins, rather the lack of any sense of stability that exists in the exchange markets. The sock vendor runs the business in dollars, which forces bitcoin transactions through a currency converter. This conversion is in such a dynamic state that the bitcoin price...

Full article: http://cs702.wordpress.com/2011/05/29/on-the-potential-ad...

Tweets

BTC-e Attacked #bitcoin

BTC-e Attacked #bitcoin

bitcoinmagazine.net 31 Jul '12, 7am

A moderator of the chat at BTC-e known as “Dev” indicates that a malicious entity was able to deposit fake Liberty Reserve...

Bitcoin Breaks the Ten Dollar Barrier #bitcoin

Bitcoin Breaks the Ten Dollar Barrier #bitcoin

bitcoinmagazine.net 03 Aug '12, 9am

As of 18:36:30 GMT on August 2nd, Bitcoin broke the $10 price barrier on MtGox for the first time in 2012. Bitcoin closed ...

BTC-e Hacked by Russians!! Price hits $60/BTC!!...

bitcointalk.org 31 Jul '12, 2am

Quote from: mc_lovin on Today at 02:24:04 AM The categories on bitcointalk make no sense.. I post about a Currency Exchang...

Nice article by @RossSchulman: Bitcoin and Disr...

project-disco.org 31 Jul '12, 5pm

Ars Technica reported earlier this month that Bitcoin , the open source cryptographically secured alternate currency, was ...

#Bitcoin and Disruptive Currencies

project-disco.org 31 Jul '12, 1pm

Ars Technica reported earlier this month that Bitcoin , the open source cryptographically secured alternate currency, was ...

#Bitcoin as a #disruptive force:

project-disco.org 31 Jul '12, 12pm

Ars Technica reported earlier this month that Bitcoin , the open source cryptographically secured alternate currency, was ...

Re: Bitcoin price on BTC-e is $48 right now?? L...

bitcointrading.com 31 Jul '12, 4am

In this forum you can buy and sell almost anything you wish. You can pay for local purchases with cash just like a normal ...

Jon Matonis - Top 10 Bitcoin Statistics #bitcoin

bitcoinnews.com 01 Aug '12, 10pm

Jon Matonis (@JonMatonis ) compiled a list of statistics that consolidate data and provide information on various aspects ...

Summary - Bitcoin Ends July Up 39%, YTD 2012 No...

bitcoinnews.com 01 Aug '12, 10am

Summary - Bitcoin Ends July Up 39%, YTD 2012 Now Up 98% Bitcoin Money blog (@BitcoinMoney ) gives a monthly wrapup on Bitc...

BTC-e Trading Resumed #bitcoin

bitcointalk.org 31 Jul '12, 2pm

[7/31/12 10:49:33 AM] btc-e.com: Started trading! Since the attack started about 8pm Eastern last night, I have been awake...

Help me and buy this beautiful picture! #bitcoin #photography #FZB #spon

Help me and buy this beautiful picture! #bitcoi...

coindl.com 02 Aug '12, 4am

Soothing the savage geek New Releases Free Newsletter Sign In News: Betabeat BitcoinTalk Home / Los Talas Los Talas Tweet ...

1 Bitcoin Worth 10 USD

news.ycombinator.com 02 Aug '12, 9pm

The value of the currency doesn't really matter to those of us who use it - It could be 1 bitcoin to 1 USD, or 1 bitcoin t...