Quote from: Capt Drake on August 08, 2014, 07:01:04 PM

Quote from: BowieMan on August 08, 2014, 06:55:29 PM

Quote from: JimboToronto on August 08, 2014, 06:26:37 PM

Quote from: BowieMan on August 08, 2014, 06:18:57 PM

The price only goes up when companies from the regular economy decide to give Bitcoin a shot!

Companies? What have companies got to do with Bitcoin?

Bitcoin is a protocol based on a decentralized open-source global peer-to-peer network.

Previous price increases have been driven by individuals around the world.

Yeah but if big companies decide to embrace Bitcoin, Bitcoin benefits from the increased exposure, gains traction and gains legitimacy in the eye of the general public! This drives up the adoption and also inherently leads to a higher price!

Yes, for example, if Coke starts using Bitcoin for selling their products and even for the payments of the employees(yeah, I know, not going to happen too soon...), then you will have a much higher demand for BTC and it will spread the word for it's billions of customers.

It's like free marketing hahaha

Yeah, they'd need those BTCs to actually use them (less supply for the market) and you also have an increased legitimacy. I mean, Coca Cola using Bitcoin, what better way of going mainstream could there even be?