But you'd think after two months i'd get the hint, no one cares! Yet i realized it was not only me when i stumbled upon
bitcoinstore.com who so generously posts their sales figures in order to urge buyers to take the initiative and support bitcoin by allowing them to remain competitive. For these last two months ive seen these figures climb at a snails pace, in line with my own business. So maybe by business was just a bad idea, but what about bitcoinstores? Their prices are CHEAPER than its competitors newegg and BHPhoto! And they have all the same features as their competitors. Its only shortfall is that its selection is not as vast, but for a new businesses its selection is quite generous. So why then is bitcoinstore not beating them?
People hoard their bitcoins. They are reluctant to spend because they think the price will go up and they don't want to lose out - they don't want to be that pizza guy paying $2million for his dinner.
Suggestion: why don't bitcoinstores and other ecommerce types add an alt-coin payment option to your sites? I know the devcoin community is desperately looking for stuff to spend their coins on. (Devcoin is not a hoarding currency, it's a spending currency in that no-one thinks the price will be massive in a few years, so no psychological barrier to spending).
Due to the way it's been designed, bitcoin will attract more hoarders and speculators as time goes on, as it has gold-like properties. The alt-coins are where commerce will be developed because most have not been designed for hoarding (eg much larger issue of coins etc)