Quote from: misterbigg on May 31, 2013, 03:38:01 PM

My main use for BTC is to protect my savings from confiscation.

I see how it's great for this.

Quote from: misterbigg on May 31, 2013, 03:38:01 PM

My main use for BTC is to protect my savings from the effects of monetary inflation.

With BTC price instability as it is, is anybody really achieving a long term sort of protection of savings? Or are you worried about hyper-inflation of the USD in the short term? (Who is, really?)

Bitcoin is still a 1B micro-economy under the foot of all of the other moneys of the world. Is it even a deflationary environment? It's too nascent to be anything.

When the real world gets involved new chains could be created on a schedule, just look at all the clone chains today. We could be at the brink of a Keynesian nightmare without even knowing it.

Bitcoin is 100% part of the same insane financial system as the rest of the world at this point, and still in a role of a fringe experiment by geeks.

Joe Regular can change that, but until Bitcoin is ubiquitous (or there's a crisis situation), it's useless to him.

Bitcoin users need to stop using fiat, and use only Bitcoin. Yet today, aren't most transactions just money going in and out of fiat on the exchanges, or idiots playing S.DICE? I'm not seeing how we go from here to there.