Quote from: MatTheCat on February 12, 2014, 12:01:22 AM

Quote from: kireinaha on February 11, 2014, 11:49:59 PM

I'm genuinely shocked by the sheer number of posters here who don't understand the one fundamental reason for bitcoin's success: decentralization. It's the whole goddamn point. Hence, there will be no applecoin, googlecoin, microsoftcoin, nintendocoin, etc. You might as well go to Disneyland and buy Mickey Mouse dollars.

An Alt-currency is only as decentralised as it is evenly distributed, which in Bitcoin's case, is not at all, but perhaps the problem with Bitcoin in the eyes of the financial establishment is that too many 'wrong types' are owning it.

What if what is going on now cumulates in a massive crash in Bitcoin price, and Bitcoin is facing annihilation, causing much panic sending Bitcoin to double and even single digits. Would this be the point where Wall St climbs on board, or is this the point where Bitcoin is killed off for good, and replaced by another 'more secure' pre-mined and/or pre bought out 'decentralised' crypto of Wall Streets choosing.

The Big Boys always win. If they can't win with Bitcoin, they will win with whatever replaces it in pole position of the crypto-currency race, and that coin won't be called JPMorgan Coin, Zionistcoin, or 666coin.

your post convinced me to now place my lowest order at 8 $ /BTC. If this gets hit I am confident that the price of BTC will not stay below 100 for a long time. Maybe minutes. Maybe hours.

I have no doubts still about the Bitcoin protocol being flawed or broken or otherwise being taken over. Such a crash will (again) mainly be caused by FUD, not by the more 'real' negative news coming from government regulation, etc.

One thing I learned is that speed & shock & confusion are the factors that cause really low prices.