Quote from: airdata on June 30, 2011, 01:36:48 PM

coins are going for $20-30 on ebay.

Of course I can't say how many people are buying them using stolen ebay/paypal information which is very likely unfortunately.

that's because more people have ebay accounts than mtgox accounts...

look the problem is adoption... at most there are what... 100,000 of us.. total (as it stands now).

If the adoption rate increases than the prices increase.... the problem is 99.9999% of the population don't know what a bitcoin is.. and the .00001% of the population that does is hording them.... in other words it's changing hands ONLY within that 100,000 people.... you need to widen the market to get this to work.. it needs to reach 100,000,000 people....

You're trying to go international with a population of Allentown, PA.

you need easier to use clients, mobile access, central wallets, debit cards that work with it, you need to adopt this currency to a quasi tangible one... merchants need to be able to log bitcoins in their quickbooks as a cash deposit... the IRS wants to tax them the same way they tax dollar transfers...

I think your getting the point... the problem is out of the 100,000 people using them.. only hundred or two of them are actually building tools to make it more used.

this will take years to develop ....