Quote from: Come-from-Beyond on May 02, 2013, 04:11:48 PM

Quote from: jackofspades on May 02, 2013, 04:10:02 PM

It took humans thousands of years to realize bartering wasn't the most efficient way of conducting transactions. More exchanges will open up very soon and gox will not have the strangle hold it has now. People don't need to accept it as payment but if an organization started accepting donations (who doesn't want a free donation?!) then it will catch in quicker. Because of the 'stability' now people will start spending them now which is probably the best thing for it.

We don't need more exchanges, we need more shops/services.

Quote from: jackofspades on May 02, 2013, 04:10:02 PM

Crypto>fiat end of story

Agree.

The central problem is one (1) Monopoly exchange...
Supplemented by a gaggle of dwarf exchanges...
That are all working really hard to SUCK millions out of the BTC universe.

Without a diversified exchange space with 100s of players...
What on earth do people think "shops" will do with their BTC...
Are "shopkeepers" going to feed Bitcoins to their kids?

That said, you have to be optimistic about anything...
Anything... that has rocketed to $1 billion market cap...
Supported by a radical, obsessive, committed Cult.