Quote from: Cusipzzz on May 24, 2011, 01:12:42 PM

Yes, Berkshire Hawthaway has been punished in the marketplace for having such a high price. /double facepalm

Plus it is so much easier to buy fractional BTC than fractional BRK/A or BRK/B.

I'm starting to really enjoy these "Bitcoin can't succeed because (choose one: mining too hard/early adopters getting rich while I'm new to it and poor therefore it sucks/govt will shut it down/deflation can't work/the cryto sucks/if someone spends X million$ they can take over and shut it down/lost coins are gone forever/it's not backed by anything/it's anonymous and won't be accepted/it's NOT anonymous all transactions are public/it needs inflation/it needs *insert random monetary policy* theory/terrorists and child pornographers and drug dealers use it/it's just like egold, liberty dollar, flooz, or beenz/mining is cracking passwords and everyone will be arrested)" .. ad infinitum.

The more I read them the better I feel about the long-term prospects! Grin

Oh, so you do think BTC is like a Stock or more appropriately a Commodity. But using your analysis of Berkshire Hathaway, how many people own shares? Is it the Masses or is it a sub-group? Can you buy 1 share of Berkshire Hathaway? So, if you can't buy 1 share of Berkshire, what other stock will you buy? However, BTC isn't a stock. Its intent is to be used as a currency. So what you end up with is a price that no one can afford, so no one will use.

Nanotube,

You make a good point about providing solutions. I can't control the masses (thats a good thing), but there were people during the dust bowl telling 'farmers' to take it easy and be respective of the land. But they ignored them, and continued to 'farm' away with out consideration. Then finally the 'Dust Bowl' stopped them.

What I am saying is that the problem will resolve itself, but it needn't be so harmful to the community with a little forethought.

This might be a surprise, but many do not follow MagicalTux, the IRC, or even this Forum. They goto his website, and the Lack of information puts a pause in their intent to trade or get involved. It feels, not quite right. With the lack of contact information, phone numbers, business information, dispute resolution, etc... They will not get involved with the community.

Now, if the intent is to keep it in a sub-group of a small amount of technical and semi-criminal types, then keep it as is. But if the intent is to have BTC used by your neighbors at the grocery store, gas station, etc... It needs to change. So, my solution, I can not enact because it requires an attitude change on many.