Quote from: AnonyMint on March 24, 2013, 02:34:39 PM

My point about Bitcoin being doomed over the next years remains in play. The main claim I am making is that its value can never be stable. And the FinCEN has ruled on March 13 that if you use Bitcoin to exchange between it and currency, then you can not be anonymous you must report as a money transmitter. Thus without stable value, Bitcoin is doomed as an anonymous currency (which is the main point of P2P currency!), and will suffer booms&busts that prevent mainstream adoption. If someone releases a better alternative that is able to smooth volatility, then it could defeat Bitcoin driving its value down from nosebleed levels. I have released a design specification for such a competing system.

anonymint.org or anonycash.org or anonycoin.org is the my design specification for a way to fix Bitcoin so that there will be a more stable value and so people don't have to exchange in and out, and can use it as a currency for goods and services and keep their value in it without fear of huge swings in value. Changing from a speculative investment to a real currency.

Litecoin might be a lot more stable in the future, and offer more of a stable payment system. You could exchange Bitcoin into Litecoin and vice versa; cash out to Litecoin when you wanna make a purchase, and when you receive Litecoin, put it back into Bitcoin for savings, or keep some around for more spending. Also, there's this beta software called Ripple which acts as a middle-man for debt-based trading. I don't think Bitcoin is doomed all together; it may be tough as a reliable payment service, but it is phenomenal as a store of value. Kinda like gold and silver, where gold may be more volatile than silver, so you'd rather keep your savings in gold and spend with silver.