Bitcoin Price Thread

Pekelo · Nov 28, 2017

SunTrader said:
“The internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable e-cash: a method whereby on the internet you can transfer funds from A to B without A knowing B or B knowing A -- the way in which I can take a $20 bill and hand it over to you, and there's no record of where it came from.”

– 06/21/99
Milton Friedman

That is a wonderful prediction of Paypal.

SoesWasBetter · Nov 28, 2017

not really, paypal knows both sides.

and was that really a prediction. more like he predicted the sun would rise

Pekelo · Nov 28, 2017

SoesWasBetter said:
not really, paypal knows both sides.

But the sender doesn't. The blockchain also knows both sides.

johnarb · Nov 28, 2017

Scataphagos said:
"Shorting the quantity needed" won't be an issue. The CME will not handle BTC itself. The future contract is based upon a cash index of the BTC price.

I saw references that there will be shorting as part of hedging position in futures. Let me look for it...

SoesWasBetter · Nov 28, 2017

Pekelo said:
But the sender doesn't. The blockchain also knows both sides.

the paypal sender doesn't know what? where the payee ate lunch?

SunTrader · Nov 28, 2017

Pekelo said:
That is a wonderful prediction of Paypal.

Except also ... the amount allowed to be transfered is not unlimited. And that minor point about not reducing gubmint's role. Other than that yes.

Covertibility · Nov 28, 2017

https://twitter.com/x/status/935144563911442437

I can see China relegalizing BTC again but not the alts. Apparently the Chinese are using p2p apps to buy BTC while the former exchange operators have been applying for licensing offshore to reboot.

Tibster · Nov 28, 2017

Pekelo said:
That is a wonderful prediction of Paypal.

Except Paypal holds your money and their good faith allows you to retrieve it on demand. Paypal is the C in that prediction.

Pekelo · Nov 28, 2017

SunTrader said:
Except also ... the amount allowed to be transfered is not unlimited.

Try to transfer 2 billion dollars with bitcoin...

SunTrader · Nov 28, 2017

Pekelo said:
Try to transfer 2 billion dollars with bitcoin...

If Gates, Buffett or Bezos adopts me I will. Until then I can swing +10k with BTC if I care to. And also generate capital gains. Obviously not possible at all with paypal.