Bitcoin Marketplace Brawker to Shut Down

[Zippyjuan]

http://www.coindesk.com/bitcoin-brawker-shut-down/

Bitcoin buying service Brawker has announced that it will close its doors at the end of April, citing competition and workload issues.

The news, made public in a 14th April blog post, comes soon after the departure of former CEO Cyril Houri, who left following a management shakeup earlier this month. The decentralized platform, launched in April of last year, enabled consumers to purchase products with bitcoin.

Gabriel Majoulet, CTO at Brawker, told CoinDesk:

"We did not meet our objectives, and the general idea behind the project is not as effective as it was 18 months ago. Buying bitcoin with credit cards is now possible, and more and more merchants are accepting digital currencies."

He suggested that the Brawker team will continue working on bitcoin initiatives. "We want to move on to the next project and start working on something that's more useful to the community," he said.

Majoulet confirmed that user transactions would be completed before the service went offline. Brawker is no longer accepting new orders, he added.

[muh_roads]

That's because purse.io was taking all their business. That site is awesome. And backed by moneybags Roger Ver.

[ctiger2]

The Winklevoss say BTC is going to replace USD as reserve currency!

[muh_roads]

The Winklevoss say BTC is going to replace USD as reserve currency!

To re-evaluate BTC as such, then each coin would have to be 900,000 if 21m is extrapolated over the national debt (the figure of the money supply flowing thru the system). Winklevoss has said 40K. So no, not taking over USD anytime soon. I'm also not sure why there is this "all or nothing" mentality with BTC. As long as I can use it for currency (come on debit cards!) then that is all that matters to me. I'll finally be able to tell Wells Fargo to go pound sand.

Don't be a hater. Haters will miss out on their second chance I guarantee you. Keep up on these swings and stay vigiliant. Bitcoin succeeding will also increase metals value tremendously. Anything that $#@!s with the oligarchs will be good for commodities across the board. Think about it.

This is the banksters size of the global fiat pie... (not sure if this ascii will post right, but pretend it is a circle)

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(And it's still orders of magnitude bigger than that)



And this is Bitcoin relative to the giant fat banker $#@! above...

. <--- right here

That tiny little dot is throbbing and pulsating crazy mad. As it grows, the other slowly shrinks. But BTC will be volatile for a long time, IMO. When BTC hits 10K, this will be the size of the dot...

. <--- right here again, relative to the greasy banker turd once more.

It only took a tiny, tiny, tiny fraction of 1% to push BTC to 1200, it can so easily happen again and with all the VC money finally appearing as real services, people will soon no longer say you can't use it as currency. Bitwage & Xapo was part of the 2013 VC rounds. 2014 VC money will start appearing as services in 2016.