Quote from: byronbb on November 19, 2013, 01:20:32 AM

Quote from: revans on November 19, 2013, 01:13:45 AM

Quote from: Tirapon on November 19, 2013, 01:07:17 AM

Can't decide if OP is just a troll, or genuinely incapable of waiting a few years for a new idea to become accepted.

revans, you do realise that Bitcoin is trying to grow from nothing to becoming a competing world currency. The only way for it to get there is for the market cap to go from zero to several hundred billion dollars. If we manage that within 10 years, it will involve phenomenal growth, something along the lines of what we're seeing right now.

Good things come to those who wait.

Wrong.

Your lexicon betrays your true motives...market cap; ffs

If Bitcoin is to be a real currency its relative value to that which it seeks to supplant is irrelevant. The way for its value to grow is by providing value by becoming a ubiquitous medium of exchange. Indeed, that was the plan initially, then somewhere along the way that idea was ditched and the speculators moved in.

Wow you need to re-charge your brain. Evil speculators are the only reason you made your post, because without them bitcoin would still be IRRELEVANT and nerds would still be buying pizzas for 10,000btc. I agree with you that bitcoin is more important than getting rich, and this process of eclipsing the USD by an utter magnitude is proof positive that the philosophical position is the correct one. If bitcoin can't survive this terrible run-up then it's DOOMED anyways.

Yep, that's exactly right.

Revans, I suggest you read this post: http://www.reddit.com/r/Bitcoin/comments/1mb27q/bitcoins_vast_overvaluation_appears_caused_by/cc7i6y8

It lays it out quite nicely.