Quote from: Astrophysical on March 24, 2013, 02:01:06 PM

Quote from: ftping on March 24, 2013, 01:37:14 PM

Instead of using BTC as an investment, why not use BTC as a currency and use it to pay for for services, goods, and so forth?
The fact that you can wait for a spike and purchase something for a fraction of what you'd pay in USD is pretty amazing.

agreed. wish more people had this mentality. it was a major part of the original idea / purpose. right now it's so speculative with so many people focused on buying now selling at some point in the future and becoming rich. the ideals that it will become mainstream are great. the hopes that the spot price goes to $100 or $1000+ once more users are brought in and start using actually merit previous ponzi claims.

You can't expect there to not be speculation when the design of the system inherently encourages speculation.

You need an algorithmic solution that discourages speculation. I have proposed one, which I think is superior to the discussions about StableCoin in the other areas of this forum.