Post
Topic
Board Bitcoin Discussion
Re: Overstock.com's News on Accepting Bitcoin, Underwhelming Price Boost.
by
Giulio Prisco
on 11/01/2014, 11:10:17 UTC
As the title says, seems like people were expecting some lunar performance, but got some down-to-earth performance.

Do you think that Overstock.com's acceptance was a significant thing for the price of bitcoin? If yes, let us know.

Not (necessarily) for the price of Bitcoin, but certainly for the consumer acceptance and utility of Bitcoin. I am persuaded that as long as Bitcoin is only used for speculation it will never amount to much. But if a real Bitcoin economy takes off, with consumers everywhere buying and selling things, and if more and more people become able to "live in Bitcoin" (that is, earning BTC and spending BTC for all basic needs including food, clothes, housing, education, entertainment...), then Bitcoin will start really changing the world and making it a better place.