Quote from: BkkCoins on June 24, 2011, 03:21:27 PM

I'll be interested to see if the USD-BTC rates change when the difficulty goes up. I would think in theory there should be some adjustment as people re-interpret the value of BTC.

I am thinking the "value" of BTC ultimately will be in their inherent ease to transfer to others to accomplish transactions.

Because for example I recently needed to convert FRN (so called "USD") from a credit union account to IDR and then transmit same to a foreign bank account. The credit union - which had a so called "wire transfer" office - acted like complete idiots in terms of how may times I needed to contact them to get the job done in addition to having to pay $35 FRN to these currency hackers to transmit about $400 FRN. And I had to do a lot of splainin like who/what/where/why in addition to how much, all of which was none of these currency hackers business!

Fook FRNs, the suicide banksters and the jackals they rode in on.