I'm fairly on the fence of this, but I have to ask: What standard are we using for BTC's enormous momentum? Its market price? The size of its goods and services economy? The amount of processing power committed?
I'm optimistic about bitcoin because of two metrics:
1. Lots of people are interested in it, all over the world.
2. There are lots of interesting, innovative projects being built around bitcoin.
It is still VERY early days, and I'll say it again: expect growing pains.
No way, Gavin! It's gone up, so it will continue to go up. Everyone's gonna be trillionaires!
I have some other interesting predictions:
This morning it was 72 degrees. It's 100 degrees only 8 hours later! In 10 days, we can expect temperatures of 840 degrees! Invest in snow cones!
It's been like 4 minutes, some might get burned, but not for another few hours (and probably not by trading paper for snow cones at any price)