Post
Topic
Board Bitcoin Discussion
Re: If you belive that Bitcoin is over and done with...
by
the founder
on 09/09/2011, 16:39:29 UTC
Because it's irrelevant?

No man... it's not irrelevant...  it's the basis of the entire experiment.    If it falls to pennies or lower... it's game over for all of us...   We have two choices at this time.

1 - Exponentially increase the market size,  get VC money into bitcoin companies, widen the adoption rate of bitcoins to exceed $1.5 million a month of investment,  and trading of BTC.  (that's the figure that would have kept prices stable at $6 per BTC) 

2 - slow down the rate of printing.

Pick one or both...  it's not like any of us have any other options if we want BTC to survive.   Facts are facts man... and the fact is that BTC will hit the point of no return if one or both of the above or not done.   There really are no other options as it MUST be one or the two...  the option 3 is do nothing and watch it go to the wrong side of critical mass.