Quote from: jaberwock on January 25, 2015, 02:19:50 PM

Quote from: mmsmears on January 25, 2015, 09:33:51 AM

Quote from: picolo on January 25, 2015, 09:31:55 AM

Quote from: silverfuture on January 17, 2015, 12:25:58 PM

bitcoin's obituary
further proofs

Just because the price is going down? Many stocks go down then recover especially when they are stocks of a new high tech company. Bitcoin is still in business!

Bitcoin is supposed to be a currency not a stock.

It is not meant to be none, at least from the start:

Quote

As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:
- boring grey in colour
- not a good conductor of electricity
- not particularly strong, but not ductile or easily malleable either
- not useful for any practical or ornamental purpose

and one special, magical property:
- can be transported over a communications channel

If it somehow acquired any value at all for whatever reason, then anyone wanting to transfer wealth over a long distance could buy some, transmit it, and have the recipient sell it.

It might resemble a currency, but a currency is more than some stuff you can use to buy other stuff

Actually it's supposed to be an alternative currency. And it's only purpose is to hold value to trade for or "buy other stuff"

Bitcoin was a genius invention, but its implementation became corrupted by people whose aim was to make money not bitcoins, but dollars. ~ BCnext