Coinbase Is Opening the First Regulated Bitcoin Exchange in the U.S

http://techcrunch.com/2015/01/25/coinbase-us-bitcoin-exchange/

by walter71 • 11 years ago

71 15 11 years ago

techcrunch.com

NiklasPersson• 11 years ago

Enjoy the ride :)

http://www.gifmania.us/Animated-Gifs-Objects/Free-Animations...

lmg643• 11 years ago

As much as I wish Bitcoin would go away, I suspect that when the US has its first currency crisis, Bitcoin will find its long term footing. It has advantages over lots of other alternatives which are either not easily converted (gold, silver, etc) or subject to shenanigans (like JPY or Euro).

Seems unthinkable now, but I suspect this can't be more than 5 years out. I'm happy that the price has been coming down so I will be able to accumulate some at a more reasonable level. (I am still waiting, of course).

oleganza• 11 years ago

US had already plenty of currency crises. The most recent one is 2008 when there was a real risk of ATM withdrawals blocked and only HUGE amounts of bailout money kept that circus afloat. Another big one was in 1971 when Nixon basically showed a finger to everyone who trusted that USG would redeem USD for gold. Overall, since invention of Fed, dollar lost like 97% of its purchasing power (meaning, all that purchasing power was relocated to those who are friends with the Fed).

97% of people's savings were taken over the course of 20th century and spent for wars, inefficient social programs and private commercial enterprises. Bitcoin is all about opening eyes to that shenanigan and not allowing it to happen again.

quonn• 11 years ago

If Bitcoin would ever threaten the Dollar, rest assured that it will be declared illegal.

maxerickson2• 11 years ago

During a currency crisis, the government in question usually becomes unable to sell bonds at any price. During the 2008 crisis, people were paying the US government to hold their dollars (bond rates were negative).

If the dollar collapses and takes the US government with it, there isn't going to be any electricity to use to operate bitcoin (at least not in the US). People that do have electricity probably won't trade it for fairy dust.

scilro• 11 years ago

"Overall, since invention of Fed, dollar lost like 97% of its purchasing power (meaning, all that purchasing power was relocated to those who are friends with the Fed)."

Please open a book and learn how compounding works. There are no "shenanigans" here, rather, widespread consensus that 2% inflation year on year is quite healthy, in spite of your disingenuous attempt to overdramatize it.

turk-• 11 years ago

Yes, things we so much better in the 20th century before the Fed existed. A glorious time when President Ayn Rand enacted a flat tax. No currency crises ever occurred, no wars were fought and no social programs stole our money to give away to poor people.

jafaku• 11 years ago

"As much as I wish Bitcoin would go away"

But why? I don't understand why Bitcoin generates negative feelings in so many people instead of just indifference.

claypoolb• 11 years ago

Ben Horowitz predicted on 11/19/14 that Bitcoin is going to be one (of two) of the next massive disruptors in technology. He compares Bitcoin with the revolutionary impact of the internet.

It is gaining momentum.

http://ecorner.stanford.edu/authorMaterialInfo.html?mid=3369

Coinbase Is Opening the First Regulated Bitcoin Exchange in the U.S

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