Quote from: Capitan on June 18, 2011, 03:53:50 AM

Quote from: Karmicads on June 06, 2011, 10:57:23 AM

... So many of them now, are all hearing about bitcoin for the first time and they only need to be buying $100 or less worth of BTC to play with for micro transaction and the price will continue to rise.

Micro transactions to pay for what exactly? So far bitcoin has been used for: drugs, cheap way to make money (mining, which is dying soon), and speculation. Not even that restaurant in NYC that started accepting bitcoins has conducted a single transaction using bitcoins (as of 6/17/2011). The only reason it will stay alive is for Silk Road, and even that use is now dubious due to the fact that you have to be tech savvy and go way out of your way to use it and still be anonymous. I like bitcoin as a decentralized currency, but not as a tool for drug and smut peddlers.

If anyone really wants to see bitcoin succeed they need to put efforts into enacting more trade using bitcoins. Mining doesn't help the bitcoin world because even if there were only 3 guys doing CPU mining, the difficulty would adjust so they could produce all the bitcoins at the same rate they are being produced today (with the most power aggregate super computer in the world).

I've sold tarot card readings for bitcoins.