[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 7 KB, 320x180, 1495857530035.jpg [View same] [iqdb] [saucenao] [google]
2229422 No.2229422 [Reply] [Original]

Japan to add Bitcoin to 100,000+ stores, including airlines and major retailers.

http://youtu.be/80KDvcv4n64

Im telling you, Asia is big big BIG into crypto

>hurr durr Bitcoins gonna crash any day now guyz, just wait!
>hurr durr crypto is overvalued
>hurr durr muh ponzi scheme!

No Coiners absolutely, unequivocally BTFO

>> No.2229433

DELET THIS

>> No.2229445

>>2229422
You're right, but it's not supposed to really function till 2018. Someone else on biz made a comment that it would be hilarious if japan devalued their currency to pay off their debt with play-money and switched entirely to bitcoin. I don't see that happening, but it would be pretty lulzy

>> No.2229476
File: 23 KB, 601x508, NoCoiner.jpg [View same] [iqdb] [saucenao] [google]
2229476

He missed the dip AGAIN

>> No.2229477

>>2229445
Lol thatd be hysterical.

Who knows though man, crazier things have happened. We here in the US have never had to worry about our currency being unstable or having easy access to western economies and markets, so the idea of Bitcoin seems more like a fringe experiment to us than something to be taken seriously, unlike Asian and second world developing countries where they are seriously trying to implement it on a very large, mainstream scale.

>> No.2229492

>>2229422
Thats good for now but that sets the beginning of the bubble, first Japan and it's popularization there good for us coiners, then another country maybe when it is as this popular in another 4 countries that would be the time to burst the real bubble, not the shakes that we had, but even with that burst crypto will continue as the railroad companies survived in their bubble, same with car companies, dot com and so on.

But for now I really like that this is happening

>> No.2229509

>>2229445
Fuark. If anything has convinced me to buy it's this.

>be loaded in Japan's currency by doing nothing but browsing the internet

Genuinely the dream of 4chan

>> No.2229545

>>2229477
It's an interesting trend for sure and I hope it takes off. Obviously I have coins so I'm pretty biased, but looking through google trends shows that there's serious interest for cryptos anyplace there's instability. Last time I checked, the tops were venezuela, ghana, nigeria, south africa, and estonia IIRC. From what I could find every country but estonia had financial or social instability. Estonia is apparently the EU's tech hub so I guess that explains that. A country full of nerds.

>>2229509
I srsly don't see it happening or at least hope not since it means Japan flipping the bird to everyone it owes which would indicate bigger problems globally. But I agree, it would be the ultimate 4chan dream.

>> No.2229546

>>2229492
If currency is actually being used day in and day out for mainstream, everyday transactions, then its not a bubble like some share in the stock market, its a currency. Thats like saying the Pound Sterling is in a bubble, or that the Euro is in a bubble, or that the Yen is in a bubble. The more people actually use and spend Bitcoin, the more stable it will become, like a real, actual currency.

>> No.2229573

>>2229545
Exactly.

Now you understand.

Keep in mind though that Asia, especially Japan, China and Korea, have some of the largest stakes in crypto currently. Those third world developing countries will soon follow though, no doubt.

>> No.2229597

>>2229545
Most Japanese debt is domestic i think, which is why they are still around despite their debt-gdp ratio

>> No.2229652
File: 45 KB, 604x469, 1476029911533.png [View same] [iqdb] [saucenao] [google]
2229652

>>2229422
Japan truly is our greatest ally

>> No.2229663

>>2229445
Most of the debt is to themselves in the form of pensions and benefits to older people

>> No.2229668

>>2229422

so should I sell ETH and buy bitcoin again?

>> No.2229674

>>2229422
that's a really cute pic

the blockchain barely can support current users. this would mean even more expensive fees and a lot more unconfirmed tx

>> No.2229770

>>2229674
You are aware Bitcoin is going SegWit via soft fork on August 1st right?

>> No.2229959

>>2229770
How do you come to that? I've never seen BTC anyways close to unanimous segwit

>> No.2229994

>>2229959
just wait...
I'm waiting on a few parts to come so I can get a bip148 node running. a lot of other people holding coins are doing the same. it's in our best financial interest to take care of this miner/user bs

>> No.2230055

>>2229959
just check /r/btc vs /r/bitcoin

it is in no way interest of the miners to get low fees. moreover there are many altcoins offering segwit already. the japanese wont be sucked to use something that doesn't work. they probably jump to ltc, or even more likely deploy their own coin

>> No.2230092
File: 467 KB, 800x600, Epilessia.jpg [View same] [iqdb] [saucenao] [google]
2230092

>>2230055
What's segwit.

>> No.2230104

>>2230092
http://lmgtfy.com/?q=segwit

>> No.2230208

BTC transaction rate is 4-7 per second...

This "currency" is literally shit tier..

wtf are yall thinking?

>> No.2230236

>>2230208
Other coins have advantages, like more TX/s

>> No.2230240

>>2230055
Monacoin

>> No.2230276

>>2230236
that's fine and dandy, but isn't that a huge problem for BTC?

>what's the solution for paying for goods/services in BTC and having to wait fuck for all for verification?

>> No.2230576

>>2229422
Saurce OP?

>> No.2230581

>>2230576
sorry, I'm talking about the pic.

>> No.2230750

>>2229509
FINALLY I CAN LOSE MY VIRGINITY TO A KAWAII JAPANESSE GIRL

>> No.2231413

>>2230276
>Eat at restaurant and pay with your Bitcoin card
>Staff has to force you to wait 2 hours till the confirmation goes through

Truly the future.

>> No.2231486

What altcoins are big in Japan?
Thinking about buying more XRP and XEM

>> No.2231488

>>2231486
japos are always posting about xrp on twitter. a lot more than westerners.

>> No.2231509

>>2231486
XEM is going to be massive in Asia. It's basically like the Etheruem of Asia.

>> No.2231583
File: 1.39 MB, 200x150, rock.gif [View same] [iqdb] [saucenao] [google]
2231583

brb paying 10% extra and waiting 0.5-1h for a transaction to buy shit in a retail store

>> No.2232176

>>2231583
How do you think it works with fiat? Do you think that every time you swipe your card the money is immediately taken from your account? Seriously the density in this thread is through the roof

>> No.2232231
File: 191 KB, 470x595, Why+are+you+naked+_09c7755af593d9197d8b32e3a50ccf6f.jpg [View same] [iqdb] [saucenao] [google]
2232231

>>2232176
Go around and swipe empty card.

mfw they will only notice this tomorrow