Post
Topic
Board Bitcoin Discussion
Re: How Do we bring the value of BitCoins back up?
by
ttk2
on 26/08/2011, 10:21:04 UTC
It's easy to get impatient but there's so much development going on at the moment that I think is crucial to the BTC economy as a whole (as far as merchant apis/plugins and exchanges are concerned) and the economy should grow pretty well on it's own for the next year at least.

But really I think we need more merchants with competitive prices so people are compelled to buy and spend BTC to drive the price up.

No merchant is going to accept btc when people have confessed it's a gambling game, and given the horrific breaches of security bitcoin has. You know like mtgox being hacked and all the money in mybitcoin "being stolen".


its a million times easier to keep your wallet secure when you do not have to have authomatd payouts. Thats why banks like mybitcoin and MTGox where targeted, they had to be able to send as well as reviece coins. If you only have to reciece coins you can keep the wallet you are sending them to off site, making them almost impossible to steal.