Quote from: justusranvier on June 25, 2013, 03:00:57 AM

Quote from: vokain on June 25, 2013, 02:54:06 AM

Since when does price matter regarding bitcoin's utility? Other than a high price attracting more investment/innovation

Higher market depth comes more easily with a higher price, and greater depth opens up Bitcoin for entirely new use cases.

If there was enough depth on the exchanges to buy multiple $10s of millions without affecting the price very much then international shipping companies could use Bitcoin to settle payments instead of letters of credit.

Basically each order of magnitude increase in price opens up new opportunities where Bitcoin usage becomes a viable option where previously it was not viable.

Exactly. And for the guys making $2/hr, this will just be all the more relevant.