Re: Bitcoin really is in trouble.

I agree it is a sham. Bitcoin is not currency it is a speculative bubble.

maybe there are people using it as a sham, but there are also people using it as a currency everyday.

Of course, but the activity of non speculators is not sufficient to support current valuation or anything even close to it; even more so now that Silk Road has gone which did give Bitcoin some unique utility in terms of accessing that market.

have you ever heard of the phrase "listen to the market"?

you can go on all day long with your false assumptions but at the end of this day, yes TODAY, the market is hitting an all time new high.

the message is loud and clear: you're wrong.

Does the confidence of rampant speculators in any way ameliorate the fundamental flaw in Bitcoin?

fundamental flaw? according to whom? you? stop making me laugh.

the code along with it's socioeconomic design has lasted 5 yrs now and we're at an all time high. its been vetted upside down and sideways. you come along and spout off a few "opinions" and expect everyone to listen?

why haven't you already stolen all the money in the top 10 addresses? oh yeah, you can't.

Where it not for Bitcoin's defacto central bank several billion Bitcoins would still be in circulation.Your hubris is unwarranted.

take some time to study. you really do sound like an idiot to ppl around here.

the core development team is not a de facto central bank. not even close.

They can blacklist Bitcoins, reverse transactions and penalise people choosing to use a client other than their own. Sound like a central authority to me.

they can what?!

start here:

bitcoin.com

Given that one of those things has already been done, which of the other two is giving you problems?