Ho freaking hum in so many wayswhere do I start.but what the hey... Source: http://www.news.com.au/finance/busi...-currency-coinye/story-fn5lic6c-1226797601352
MSM literally!!! + business interested in micro-transactions (see link and below) Source: http://www.thedomains.com/2014/01/1...oin-and-twitter-paywall-with-startup-bitwall/
Here in EU, in recent weeks various government institutions (national / central banks / 'market authorities' warned for risks associated with bitcoin / digital currencies. So apparently, the digital currencies market size starts to concern the central planning thieves. Nevertheless, they do have a point, yesterday I came across such Kanye West currency on a secondhand auction site, where the seller advertised it as 'double your money'. Doubling ones money requires halving another ones money, so better think twice.
Paul Krugman reckons Bitcoin Is Evil http://krugman.blogs.nytimes.com/2013/12/28/bitcoin-is-evil/ This is the same Nobel prize economist who reckons the Fed should be printing much more money and that deficits don't matter
".fiat money, if you like, is backed by men with guns," - Paul Krugman Watch video from 3:10 min (Krugman gets dealt with) [youtube]http://www.youtube.com/watch?v=IDDZEJnK5NE[/youtube] from the report.. Krugman's foresight regarding the internet from 1998. Who takes this guy seriously?.
Next to expect is some worldwide touted criminal scandal with bitcoin somewhere involved, serving as public reason to forbid or whatever make it harder, bitcoin. I noticed that a pm dealer in my region accepts bitcoin payments, to a maximum of 7000 euro per order.
7.30 report on ABC http://www.abc.net.au/7.30/content/2013/s3926368.htm Anyone know where the bitcoin ATM in the story in Melbourne is located?
I don't think it's installed yet - but I have heard it's going to a bookshop in Brunswick. Confession time - looked into installing one at the office, figured it would be a secure location and we ticked all the boxes for security, cash management practices etc - but the $20k asking price and delivery lead times were a turnoff, and it's not really the most heavily trafficked location for it to be convenient for the public, especially given our office hours. ROI wasn't there.
I'm sure you are aware GP...There are now numerous models on the market. Some are priced around $1000USD, I think (but each model will have it good and bad qualities). This is new tech. As with all new tech.the prices will be a bit higher.
Yes - but first mover advantage was shot. There's a few groups looking to be "first" with launching in Australia I'm aware of, with more heavily trafficked locations to boot. I'm actively investigating opportunities in the space though - nothing public yet.
It's the media that gave Bitcoin so much attention in November last year, igniting a serious bull run. Same thing with Litecoin. I was surprised none of them crashed since then.
Just edited this little vid together. Good to see an Australian company utilising the Bitcoin payment network to save in excess of $50,000 AUD. I also edited in a little short sighted nonsense from Peter Schiff who struggles with Bitcoin at every almost every turn. At least Schiff is improving. [youtube]http://www.youtube.com/watch?v=qXEoRQOqWbg[/youtube] Nice photo of Peter Schiff in Las Vegas. Interesting business venture: Australian products to worldwide bitcoin users. http://www.ozlinebtc.com/about/
I like the point of you vid LoB, however if cost pressures are nominal & these savings are being 'banked' why wouldn't a company keep some of these savings in BTC? Especially if suppliers and wholesalers associated with the business are happy to have accounts settled in BTC. If the price is hovering around a low to nominal price point, and these 'savings', the business plans to keep in the bank for a year or more, could turn out to be a one of the most profitable moves the business makes, and really help a small business grow rapidly. Perhaps this is what the CEO of Overstock has in mind http://www.coindesk.com/overstock-ceo-holds-millions-bitcoin/
