All posts made by tempestb in Bitcointalk.org's Wall Observer thread



1. Post 6315298 (copy this link) (by tempestb) (scraped on 2020-04-04_Sat_12.39h):

The reason Bitcoin will rise has little to do with modern countries with regulated banking sectors that are mostly working properly.  The reason someone in a third world country would invest in Bitcoin is because it's going to be safer than the bank that is controlled by a shaky Government.  If your money was in Ukraine's currency, would you feel safe that it would be there in the morning?  Unlikely.  And it is not easy for these people to go and purchase another currency and then keep it somewhere safe.  Bitcoin provides safety.  It's just not that easy to move money in and out of Bitcoin for the non-text savy.  More Bitcoin ATM's, more adoption at stores, more wallets and education.  Its value will grow and grow.

Bitcoin needs a lot more education in the third world and access has to be made available.  The longer Bitcoin survives the more people will realize it's not a fly-by-night investment scam, and an actual good place to store your money safely.  Safer than corrupt banks and hanging onto cash in the home.




2. Post 6378785 (copy this link) (by tempestb) (scraped on 2020-04-04_Sat_12.40h):

I was thinking about MTGox's 200,000 Bitcoins they found in that old wallet or whatever it is.  At some point the bankruptcy is going to sell those coins and dump them on the market in one big go turning them into FIAT.  There is no way I see them distributing out those coins as Bitcoins.  What will that do to the market?  If they released all 200,000+ coins at one time?  Seems to me that's exactly what they are going to do.