Quote from: caveden on August 24, 2010, 07:36:52 AM

I didn't read all answers, so sorry if I'm being repetitive, but...

Quote from: chaord on August 23, 2010, 09:03:21 PM

So the question is this: if BitBox existed, would the market value of BitCoins literally drop to zero? I tend to argue yes.

I tend to argue no. I find bitcoins better than gold, even if gold could be made "digital". That's because one day bitcoin inflation rate will be lower than gold.
I read somewhere that gold inflation rate is around 2% a year. I don't know when bitcoin inflation will decrease to such rate, but one day it will.

Something better than bitcoins, however, could come out, yes. Then people would slowly migrate, I suppose.

I think bitcoin once widely adopted would be the absolute best currency ever. And if someone invents a way to transmit physical gold through the internet I will sell all bitcoins immediately. Gold would then be such an insanely good currency, it just blows my mind.