I'm just in it for the money. The actual, folding, bank account, Visa card money.
YEAH! ACTAUL MONEY. The kind made of paper! Not that unbacked stuff. That's what I'M talkin' 'bout!
http://www.youtube.com/watch?v=1zG8wp82bsQ
The fact that the only legitimate successful businesses are in the business of moving Bitcoins from national currencies and back merely serves to underline the fundamentally auxiliary nature of Bitcoin.
Replace 'auxiliary' with 'monetary'. I don't agree with the premise either but that's unimportant.
My succinct response to your posts is:
- Good call on the 2011 bubble.
- Replace 'Bitcoin' with 'gold' in your examples and see how they read. Bitcoin's suitability as a currency vis-a-vis dollars and its suitability as money relative to fiat are separate issues. The former is highly contingent; the latter less so.
- Check out Gresham's Law/Exter's Pyramid.
I also don't really see hoarding Bitcoins in the hope of them raising in value as a "use"
It is.
