Post
Topic
Board Economics
Re: "It's a Wonderful Life" - [VODO Style] - Film Re: Mt. Gox Bank Run Comin'
by
adaman
on 24/06/2011, 12:17:06 UTC
The whole thing is a big joke - If there wasn't such a ridiculous barrier to entry from USD -> BTC (short of wire transfer, which is not an every day transaction for most people), you'd see a much more robust market.  There is money aching to get into BTC, but still sitting waiting to go into LR or Dwolla or some equivalent nonsense.

Trust me, this is the beginning not the end.

I fully agree with this. Look around and you will see the e-currency market is already a growing bussines (LR, Dwolla, c-gold etc.)

Now Bitcoin is entering the stage. But especially for europeans it is not ease to buy bitcoins. There are still number of barriers. For an bank transfer from TH to my european bank TH will charge me with 45 USD  Shocked

Thats to much. MtGox was a got alternative. But i need to use LR to get money to my MrGox account. If such barriers will fall bitcoin will raise much more than in the passed. Because it opens up this market wide open to all non-Americans too. And this is a bigger market than just the US only.