2014 Predictions for Bitcoin

Money as we know it will soon cease to exist. In it's place will be "Electronic Money", initially utilised via "Biometric ID Cards" being introduced at the moment in the UK and elsewhere, which in turn will be replaced by "Personal Microchips" replete with RFID technology.

This "progress" will be sold to the public on the basis of being to everyone's advantage. Never again will our children be vulnerable to "capture and abuse" for we will know where they are at all times (as will the State for the rest of their lives) and our "money" will be "un-stealable" (except by the State).

Read the rest here...
http://rense.com/general85/endofmoney.htm
 
This is interesting, it could effect both future price and wide acceptance:

JPMorgan patents Bitcoin-like payment system.
The system includes digital wallets, the ability to transfer money to anyone and anonymity too, according to a patent application filed to the U.S. Patent and Trade Office
moneyCNN link:
http://money.cnn.com/2013/12/10/technology/bitcoin-jpmorgan/ including an interview with Ron Paul

Time Business & Money picked it up from Financial Times:
http://business.time.com/2013/12/10/jpmorgan-may-create-a-virtual-currency-that-rivals-bitcoin/

First to file vs prior art/public disclosure comes into play since March 16, 2013 – it could be relevant to JP patent strength.

In the mean time, more national coverage:
USA TODAY
Top left corner, click the bitcoin for the article.
http://www.usatoday.com/
 
Quote from sharkbites:


JPMorgan patents Bitcoin-like payment system.
More...

But of course, what do you expect, this whole new electronic currency system has been created by the banksters and for the benefit of the banksters.
 
Not sure about '14, but by '19, I bet Bitcoin, Litecoin, etc will be worth approximately $0. Or a few cents above, to enable continued trading for drug trade and smuggling.


And I'm pretty sure the markets would agree with me. If they could be priced, it wouldn't be surprising to see 5 yr puts trade for a large bulk of the current price.

Writing is on the wall for the payment services a la western union, though. They'll have to adapt. My bet is Fed launches a payment system utilizing some shared characteristics of these cryptos ...

The concepts are good; but the investors/gamblers are just a tad too eager.
 
Is there an alternative for bitcoin?

Is bitcoin back by anything such as military backing?

Are there many large bitcoin holders or only a few?

If one can answer these questions, it's not too difficult to see where bit coin is heading.
 
Quote from tangentShot:

Is there an alternative for bitcoin?
More...
Irrelevant: there are about 160 fiat currencies as alternative to USD, and about 60 crypto-currency alternatives for Bitcoin: the best will survive.

Is bitcoin back by anything such as military backing?
There is military backing for Argentine Peso, and Zimbabwe Dollar....does that help?

Are there many large bitcoin holders or only a few?
Irrelevant.
But what is relevant, is that ONLY 1 billion people on this globe can have access to a Bank-account. while the other 6 billion can bank their selves with Bitcoin.
 
Quote from Hoi:

Irrelevant: there are about 160 fiat currencies as alternative to USD, and about 60 crypto-currency alternatives for Bitcoin: the best will survive.

Is bitcoin back by anything such as military backing?
There is military backing for Argentine Peso, and Zimbabwe Dollar....does that help?

Are there many large bitcoin holders or only a few?
Irrelevant.
But what is relevant, is that ONLY 1 billion people on this globe can have access to a Bank-account. while the other 6 billion can bank their selves with Bitcoin.
More...

Everything is irrelevant to a narrow mind.
 
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