Post
Topic
Board Economics
The Ultimate Race
by
Vector
on 05/06/2011, 22:35:29 UTC
Bitcoin is in a race - will enough stores adopt it before the attraction of its profitability dies off?

Let me ask a serious question. Raise your hand if you are in this to make a profit? How many of you are waiting for the peak, so you can sell? I would bet a majority, otherwise the growth would not be this dramatic. Common people don't care THAT much about decentralization at this point.

So unless you can begin to buy useful goods and services with Bitcoins, before the plateau and attempted sell off, Bitcoins will fail.

P.S. - to all the idealists that think people won't sell for the mere altruism of the concept, even if they stand to lose money - pray that human nature changes.