Why I believe we're on the cusp of the 3rd great Bitcoin bubble
We've recovered from the last crash You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine. Interest in buying Bitcoins has gone up to its highest point since the last bubble. There's a similar spike in general interest. Partly helped along by the Silk Road news. The network is being used at the same rate as during the last bubble. The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday. Lots and lots of new businesses now accept Bitcoins One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
The $27 story is going massively viral I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
Institutional money is coming Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Governments are explicitly saying it's not illegal More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest. This time around there are more exchanges in more countries, and not a single point of liquidity.
The following post by ilega_dh is being replicated because some comments within the post(but not the post itself) have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7m26vv The original post's content was as follows:
Is Bitcoin vs banks/governments akin to Napster vs the music industry, or Pirate Bay vs Hollywood?
As in, they'll start off not understating it, then try and fight it for years, then finally realise they can't do anything about it because the consumer is too powerful, so they give in and try to make their own version? How do you see this playing out as banks/governments start seeing it more as a threat and start trying to use the 'terrorist' argument?
The Pirate Bay, usually abbreviated TPB, is a peer-to-peer (P2P) web site that allows users to download files, using the BitTorrent protocol. It was created by three Swedes named Peter Sunde, Fredrik Neij and Gottfrid Svartholm, who supported the free sharing of knowledge. In 2009, the three founders were sentenced to a one year in prison and to the payment of a fine. TBP is free to all ... Bitcoin ist die derzeit wohl bekannteste digitale Währung. Außerdem ist der Bitcoin die erste Kryptowährung, bei der Methoden der Verschlüsselung erfolgreich angewandt wurden, um ein sicheres ... The Pirate Bay has been both an early adopter and a pioneer when it comes to cryptocurrencies. More than seven years ago the torrent site added support for Bitcoin donations, with Litecoin and ... The Pirate Bay is again taking over its users’ CPUs in order to mine the Monero cryptocurrency to generate additional revenue.Unlike previous times, the site now displays a notification on the ... The Pirate Bay has accepted Bitcoin donations for more than six years. More recently, it added other cryptocoins as well. When we add up all the donations since late 2017, the income is relatively ...
PirateBay still using Crypto Miners on their Website
What Bitcoin Miners Actually Do - Duration: 9:54. Alex Millar Recommended for you. 9:54. ... How to download torrents [The Pirate Bay] - Duration: 4:49. KuroroHow 14,514 views. 4:49 . Mining ... Neste décimo episódio da série, vemos as conclusões que podem ser tiradas ao analisar o endereço de doação de bitcoins do site de torrents The Pirate Bay. Links https://en.bitcoin.it/wiki ... $25 Billion In 3 Days, Pirate Bay Bitcoin Miner And Thailand Likes ICOs ... 7:36. The Modern Investor 7,909 views. 7:36. Bitcoin Trading for Beginners (A Guide in Plain English) - Duration: 18:48 ... Bitcoin Prices are down again with WinkDex reporting a last of $349, a high of $352 and a low of $346. Litecoin is at $3.46 cents a coin. Litecoin is at $3.46 cents a coin. Share -- Like and Comment! Torrent website The Pirate Bay is doubling down on its plan to use visitors' processing power to mine crypto. In a disclaimer recently added to the bottom of its homepage, the website said that ...