Hey Bitcoin Brehs...

[heisenburrr]

cliffnotes?

different talking points.

The two guys being interviewed :

Jeremy Allaire, creator of the ColdFusion web development platform, former CTO officer Macromedia (responsible for creation and development of Flash). Most importantly he is current CEO of http://www.circle.com/ an under development Bitcoin wallet service and trading platform. (read more here : http://www.circle.com/about/#team-member-95 they have put together a VERY impressive board of directors)

Barry Silbert, founder of Secondmarket.com and creator of the Bitcoin Investment Trust (currently carrying around 75,000BTC so about $70,000,000 worth of Bitcoin)

First part is general discussion about what Bitcoin is and its features (utility value), nothing really new for those who've been keeping up.

Jeremy compares Bitcoin's ability to freely send money anywhere in the world to our current ability to communicate with anyone in the world for free which people would've never tought possible 20 years ago.

Some discussion about security concerns.

Barry Silbert explains his opinion of the 5 different phases of Bitcoin :

Stage 1 : Creation of Bitcoin in 2009, geek hobby and nothing more (no value associated to Bitcoin)
Stage 2 : Price increase from the press of Silk Road in 2011. Early investors, entrepreneurs
Stage 3 : 2013 to now. Venture capitalist phase. Very important and notorious venture capitalist investors putting money into the infrastructure.
Stage 4 : Wall Street. Explains that there is growing interest in the Wall Street community about Bitcoin as an asset class, investment (Reaching that phase would imply hundreds of millions if not billions moving into Bitcoin)
Stage 5 : Mainstream adoption

They dismiss any concern about negative government intervention. Explain that there are issues but that from their sentiment, at least in the US, they are positive about the future regulatory and tax status of Bitcoin. Say that regulatory policy makers are increasingly accommodating.

Jeremy expects institutional trading platforms to come along shortly which will solidify infrastructures.

They argue that Bitcoin is a more traceable monetary system than cash and that is why government of the world eventually will not have to worry about its usage for blackmarket operations (not saying there won't be)

Barry suggests that notorious and well respected wall street investors are currently investing and testing the waters using his trust.

Jeremy mentions a lunch last week held by an investment banks attended by some of the top asset managers in the world where Bitcoin interest was very real, although still a curiosity.

 

[L&HH]

different talking points.

The two guys being interviewed :

Jeremy Allaire, creator of the ColdFusion web development platform, former CTO officer Macromedia (responsible for creation and development of Flash). Most importantly he is current CEO of http://www.circle.com/ an under development Bitcoin wallet service and trading platform. (read more here : http://www.circle.com/about/#team-member-95 they have put together a VERY impressive board of directors)

Barry Silbert, founder of Secondmarket.com and creator of the Bitcoin Investment Trust (currently carrying around 75,000BTC so about $70,000,000 worth of Bitcoin)

First part is general discussion about what Bitcoin is and its features (utility value), nothing really new for those who've been keeping up.

Jeremy compares Bitcoin's ability to freely send money anywhere in the world to our current ability to communicate with anyone in the world for free which people would've never tought possible 20 years ago.

Some discussion about security concerns.

Barry Silbert explains his opinion of the 5 different phases of Bitcoin :

Stage 1 : Creation of Bitcoin in 2009, geek hobby and nothing more (no value associated to Bitcoin)
Stage 2 : Price increase from the press of Silk Road in 2011. Early investors, entrepreneurs
Stage 3 : 2013 to now. Venture capitalist phase. Very important and notorious venture capitalist investors putting money into the infrastructure.
Stage 4 : Wall Street. Explains that there is growing interest in the Wall Street community about Bitcoin as an asset class, investment (Reaching that phase would imply hundreds of millions if not billions moving into Bitcoin)
Stage 5 : Mainstream adoption

They dismiss any concern about negative government intervention. Explain that there are issues but that from their sentiment, at least in the US, they are positive about the future regulatory and tax status of Bitcoin. Say that regulatory policy makers are increasingly accommodating.

Jeremy expects institutional trading platforms to come along shortly which will solidify infrastructures.

They argue that Bitcoin is a more traceable monetary system than cash and that is why government of the world eventually will not have to worry about its usage for blackmarket operations (not saying there won't be)

Barry suggests that notorious and well respected wall street investors are currently investing and testing the waters using his trust.

Jeremy mentions a lunch last week held by an investment banks attended by some of the top asset managers in the world where Bitcoin was very real, although still a curiosity.

Sounds promising

 

[illadope]

No one ever be listening to me....If you wanna donate me some doge cuz i actually helped you out heres my address

DDJ4DqGbwkwTYaQnrHh76PnRs9HRKManfk

 

[heisenburrr]

http://dealbook.nytimes.com/2014/01/21/why-bitcoin-matters/?_php=true&_type=blogs&_r=0

First, Bitcoin at its most fundamental level is a breakthrough in computer science – one that builds on 20 years of research into cryptographic currency, and 40 years of research in cryptography, by thousands of researchers around the world.

More generally, the B.G.P. poses the question of how to establish trust between otherwise unrelated parties over an untrusted network like the Internet.

The practical consequence of solving this problem is that Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.

What kinds of digital property might be transferred in this way? Think about digital signatures, digital contracts, digital keys (to physical locks, or to online lockers), digital ownership of physical assets such as cars and houses, digital stocks and bonds … and digital money.

It is perhaps true right at this moment that the value of Bitcoin currency is based more on speculation than actual payment volume, but it is equally true that that speculation is establishing a sufficiently high price for the currency that payments have become practically possible. The Bitcoin currency had to be worth something before it could bear any amount of real-world payment volume. This is the classic “chicken and egg” problem with new technology: new technology is not worth much until it’s worth a lot. And so the fact that Bitcoin has risen in value in part because of speculation is making the reality of its usefulness arrive much faster than it would have otherwise.

The criticism that merchants will not accept Bitcoin because of its volatility is also incorrect. Bitcoin can be used entirely as a payment system; merchants do not need to hold any Bitcoin currency or be exposed to Bitcoin volatility at any time. Any consumer or merchant can trade in and out of Bitcoin and other currencies any time they want.

Why would any merchant – online or in the real world – want to accept Bitcoin as payment, given the currently small number of consumers who want to pay with it? My partner Chris Dixon recently gave this example:

“Let’s say you sell electronics online. Profit margins in those businesses are usually under 5 percent, which means conventional 2.5 percent payment fees consume half the margin. That’s money that could be reinvested in the business, passed back to consumers or taxed by the government. Of all of those choices, handing 2.5 percent to banks to move bits around the Internet is the worst possible choice. Another challenge merchants have with payments is accepting international payments. If you are wondering why your favorite product or service isn’t available in your country, the answer is often payments.”

Bitcoin is a classic network effect, a positive feedback loop. The more people who use Bitcoin, the more valuable Bitcoin is for everyone who uses it, and the higher the incentive for the next user to start using the technology. Bitcoin shares this network effect property with the telephone system, the web, and popular Internet services like eBay and Facebook.

A third fascinating use case for Bitcoin is micropayments, or ultrasmall payments. Micropayments have never been feasible, despite 20 years of attempts, because it is not cost effective to run small payments (think $1 and below, down to pennies or fractions of a penny) through the existing credit/debit and banking systems. The fee structure of those systems makes that nonviable.

All of a sudden, with Bitcoin, that’s trivially easy. Bitcoins have the nifty property of infinite divisibility: currently down to eight decimal places after the dot, but more in the future. So you can specify an arbitrarily small amount of money, like a thousandth of a penny, and send it to anyone in the world for free or near-free.

Think about content monetization, for example. One reason media businesses such as newspapers struggle to charge for content is because they need to charge either all (pay the entire subscription fee for all the content) or nothing (which then results in all those terrible banner ads everywhere on the web). All of a sudden, with Bitcoin, there is an economically viable way to charge arbitrarily small amounts of money per article, or per section, or per hour, or per video play, or per archive access, or per news alert.

If you are reading all of this, and cannot perceive the potential of Bitcoin....

 

[heisenburrr]

http://finance.fortune.cnn.com/2014/01/21/bitcoin-platform/

That means loans without banks, contracts without lawyers, and stocks without brokers, executed and recorded across hundreds of servers at all corners of the earth.

 

[Chesirecatdaddy]

http://finance.fortune.cnn.com/2014/01/21/bitcoin-platform/

of course this won't happen without a fight, a losing one at that.

 

[heisenburrr]

of course this won't happen without a fight, a losing one at that.

they won't have to fight it, their only resort will be to embrace it

it is shortsighted to think there is only money to lose for bankers and governments with Bitcoin. there is also fortunes to be made

 

[↓R↑LYB]

I just made $380 profit from selling some of my dogecoin

Bought 400,000 of them shyts for $100 a few weeks ago (they was valued around $0.00025 per coin)

Value of each coin shot up to $0.0012 yesterday

Just sold that 400,000 dogecoins for $480

Why y'all nikkas ain't listenin' to me and Chesirecatdaddy

Breh, how do you even buy them shyts

I'd cop some, but I don't now where from

 

[posterchild336]

if anyone is in south florida the North American Bitcoin Conference is this weekend in South Beach

http://www.coindesk.com/bitcoin-conference-miami-25th-january/

 

[heisenburrr]

if anyone is in south florida the North American Bitcoin Conference is this weekend in South Beach

http://www.coindesk.com/bitcoin-conference-miami-25th-january/

you attending ?

 

[posterchild336]

you attending ?

my pops is going, my friends mom just passed so I am going to attend her funeral on saturday so I am going to miss it.

 

[heisenburrr]

my pops is going, my friends mom just passed so I am going to attend her funeral on saturday so I am going to miss it.

mind if I ask how old your father is ?

 

[posterchild336]

mind if I ask how old your father is ?

in 50's why?

 

[heisenburrr]

in 50's why?

pretty cool to see 2 generations of a family interested in Bitcoin.

your pops a tech "geek" usually ?

 

[posterchild336]

pretty cool to see 2 generations of a family interested in Bitcoin.

your pops a tech "geek" usually ?

well he is into $ and diversifying, he is a tech guy he is actually the web master for the largest yatch promotion company in the world so he is definitely a tech guy. I got him into the crytocurrency and he really likes it, he is thinking of investing into the bitcoin atm in the future..I got him into it and he has much more coins that me at this point.