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piperjaff
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I have an interest incubators and ground floor private start-ups and public companies.
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  • mindtheplatonicgap
    , contributor
    Comments (37) | Send Message
     
    Yep. The next 5-10 years will be very interesting indeed. I couldn't be more excited about it.
    2 Apr 2014, 04:53 PM Reply Like
  • piperjaff
    , contributor
    Comments (73) | Send Message
     
    Author’s reply » I couldn't agree with you more. I see some of the greatest opportunity with the smaller public companies as they are more aggressive leading to more innovation in the area of alternative currency and resulting benefits to investors.
    2 Apr 2014, 07:19 PM Reply Like
  • User 18788871
    , contributor
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    Couldn't agree more. The public has a fundamental misunderstanding of bitcoin. It's not simply a libertarian currency, but more importantly, it's an innovative payment rail and protocol. In the same way companies like google, twitter, amazon etc have been built on top of the internet, so too will billion dollar businesses be built on top of the bitcoin protocol. I can't wait to see what the Sergey Brin and Steve Jobs of bitcoin have in store for the world of financial services.
    2 Apr 2014, 07:50 PM Reply Like
  • piperjaff
    , contributor
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    Author’s reply » It's interesting to see companies like OSTK do something predictable with alternative currency but like you're saying, the real big innovations are going to come from companies that either create their own specific alternative currency or companies that use the Bitcoin technology in completely new ways.
    2 Apr 2014, 09:11 PM Reply Like
  • BitCrazy
    , contributor
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    Agree completely! I'm also seeing an increased level of transparency by some companies in the crypto space which will only help build trust and adoption. Moolah (https://moolah.io) is one example which I firmly believe will be an early winner with the variety of products they've launched and have in their pipeline.
    3 Apr 2014, 12:58 AM Reply Like
  • Jason Burack
    , contributor
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    Bitcoin is a great piece of innovative technology no doubt but people have been brainwashed for decades in the US that unless a government backs "money" by fiat then it's not money. Bitcoin is opening up the discussion of what money and currency (huge difference) is to the mainstream who would normally not think about buying gold or silver or question what is really money and what is currency masquerading as money. The younger Millennial generation also grew up entirely with the internet unlike myself and generations before myself. I did not get the internet until I was already a teenager basically. The younger generations want to do everything on the internet and on their smart phones out of convenience.
    7 Apr 2014, 03:56 AM Reply Like
  • Anyoption
    , contributor
    Comments (715) | Send Message
     
    Great article. I agree with all of it. We're in a bit of a chicken or the egg situation here with investors and stability. It's hard for it to be stable without investor confidence but investor confidence is oscillating because of all of the mixed signals. I think it will eventually stabilize though. People already see the potential of it and I think that's what is going to drive value the most in the long run.
    2 Apr 2014, 09:14 PM Reply Like
  • piperjaff
    , contributor
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    Author’s reply » Thanks. I see the same thing you do here in terms of potential. It has the same profound potential as the Internet, email or Linux has had on industries. I saw a passionate and open community surrounding Linux. When this was combined with a company like Google amazing things happened for the community and for investors. This is why I think some of these companies are on the verge of something big if they move their own implementations of alternative currency forward.
    2 Apr 2014, 09:21 PM Reply Like
  • Usao Scoin
    , contributor
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    it's a ponzi scheme, those cashing out now above $400 are the lucky ones
    2 Apr 2014, 11:33 PM Reply Like
  • jaynemesis
    , contributor
    Comments (2) | Send Message
     
    How is it a ponzi scheme? Please explain.

     

    Have you ever stopped and tried bitcoin? It is simply not comparable to any other method of money transfer, I can send money to anywhere in the world, instantly, almost for free, to anyone I want and nobody can stop me. Once the exchange from normal currencies into bitcoin becomes smoother expect the remittances market to explode.

     

    If you believe that this is a ponzi scheme you need to better educate yourself on both what a ponzi scheme is and what bitcoin is. I would suggest this: http://bit.ly/1lpk7le
    3 Apr 2014, 02:25 AM Reply Like
  • piperjaff
    , contributor
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    Author’s reply » I can see how the easiest thing to do for anyone is to call, what is essentially, a complex financial instrument, a ponzi scheme. Ponzi schemes usually involved people with their hands all over the process in a non-transparent way. Bitcoin is the exact opposite in both respects.
    3 Apr 2014, 12:28 PM Reply Like
  • PennyJoe
    , contributor
    Comments (7) | Send Message
     
    There is huge potential with Bitcoin. There are payment processors out there like bitpay.com and https://www.gocoin.com that offer payment processing services ahead of their time. For individuals who outsource work on the internet, it makes payments way easier than having to go through Western Union or Paypal. Those outdated payment methods most often do not work for many countries and take a lot of time and hoops to jump through for the miniscule chance of being allowed to send a payment to India or China as an example. With bitcoin, the payment is sent almost instantly anywhere in the world
    3 Apr 2014, 02:42 AM Reply Like
  • piperjaff
    , contributor
    Comments (73) | Send Message
     
    Author’s reply » This cannot be more true.
    4 Apr 2014, 06:51 AM Reply Like
  • Ordinary Nimda
    , contributor
    Comments (10) | Send Message
     
    I will add a very interesting and extremely important article, with an interview with prof. Susan Athey: "If People Use It, Bitcoin Has Intrinsic Value":
    http://bit.ly/1pWH2Vb
    3 Apr 2014, 04:27 PM Reply Like
  • piperjaff
    , contributor
    Comments (73) | Send Message
     
    Author’s reply » Great article!
    4 Apr 2014, 06:53 AM Reply Like
  • cboyack
    , contributor
    Comment (1) | Send Message
     
    Austin Craig (who lived exclusively on bitcoin for 100 days with his wife) echoed your thoughts here:

     

    http://bit.ly/1dWfr6i
    3 Apr 2014, 06:40 PM Reply Like
  • stckpkr7000
    , contributor
    Comments (78) | Send Message
     
    Great article and I will continue to average in over time......
    4 Apr 2014, 09:45 AM Reply Like
  • Brian Bain
    , contributor
    Comments (746) | Send Message
     
    Great stuff, the chart itself was worth the read. Thanks.
    17 Apr 2014, 02:13 PM Reply Like
  • papayamon
    , contributor
    Comments (1190) | Send Message
     
    What about the IRS determining that bitcoin is property, thereby creating a reporting burden. I've noted a lot of businesses dropping bitcoin. It's just not worth the hassle.
    30 May 2014, 08:09 AM Reply Like
  • mindtheplatonicgap
    , contributor
    Comments (37) | Send Message
     
    Dish announced accepting bitcoin a few days ago. Government will do what its going to do, meanwhile bitcoin has a lot of backers that will happily spend their new wealth w/reporting burden and all. As the market cap/money supply of bitcoin grows, so will users' purchasing power and influence.

     

    Also, it's important to note that bitcoin is a global phenomenon, and not fully limited to the decisions of the US gov: http://www.coinmap.org
    3 Jun 2014, 01:23 PM Reply Like
  • 128darkduck
    , contributor
    Comments (9) | Send Message
     
    you did not talk about bitcoinshop it takes all three: bitcoins litecoins ,dogecoins at least the more popular coins for now...
    14 Aug 2014, 09:35 AM Reply Like
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