Quote from: bitcoinminer on October 19, 2011, 11:58:50 PM

Quote from: Rassah on October 19, 2011, 10:04:05 PM

Quote from: mizike29 on October 19, 2011, 09:28:54 PM

Bitcoins at 2 bux are just not worth it. Why would you need it or buy it at 2 bux a coin?

Um, how is ten BTC at $2 a coin any different than two BTC at $10 a coin?

The same way buying 1 gallon of gas at $4.50 is at buying 1 gallon of gas at $45.00 is not the same.

If you, like mine, mine 0.5 BTC a day, $1 a day versus $5 a day makes a difference.

If BTC STAYED at $2, fine, but when every day you sign on its continuing to depreciate (in other words, runaway inflation, which is what it was touted as preventing) aside from mining or trading or ponzi schemes or buying or losing, it becomes a question of "I can buy a loaf of bread for 1 BTC today, and next week, I need 2 BTC to buy that same loaf of bread".

I know everybody here doesn't like to hear it, but when it takes the same amount of effort to acquire BTC, but they become worth less and less, that is called inflation.

It's not about the price being $2 or $200 a bitcoin, it's about it being STABLE, which it isn't.

1GH/s today will not find btc at the same rate as it will after the next retarget, nor does it find btc at the same rate as it did before the last retarget. But you should definitely leave the competition for creating btc - you'll make it easier for me to find btc.