Post
Topic
Board Bitcoin Discussion
Re: Bitcoin blackholes as a solution to unfettered inflation?
by
the joint
on 08/09/2011, 22:18:50 UTC
I think Bitcoin is exactly where it should be and needs to be.

Everything that has happened so far can be expected.

Scams, hacks, shady personalities, wildly fluctuating values...this is all normal behavior.  In fact, if Bitcoin were any less unstable I would begin to think something is wrong.

The Bitcoin phenomenon is systemic, and it is new and small.  Small systems are prone to enormous shifts in balance when there is a lot of input/output from and into larger systems outside Bitcoin-land.  It will take a long time for Bitcoin to find its niche among larger systems and to achieve balance between input and output.

Everything that is happening to Bitcoin is good and natural.  Relax; let it run its appropriate course.