Quote from: evoorhees on November 03, 2011, 04:23:05 PM

Quote from: Nagle on November 03, 2011, 04:12:16 PM

What seems to be happening lately is - not much. Volume (in currency) is way down, and the price isn't changing much. That may be the shape of the endgame. It's zombie mode, the fate of many startups. They're not going anywhere, they can't pay back their investors, but they generate just enough activity to keep alive.

Nagle PLEASE short the currency!!! I really want to see you rewarded for your prescience!!!

If I could buy a 3-month option (from someone who would reliably pay up if they lost), I would have bought one months ago. That's a straight bet that, 3 months later, the price will be lower. I wouldn't short Bitcoin, though. You're too vulnerable to a short-term swing.

I'd like to see a digital currency that works well enough to compete with Paypal. I've seen Digicash, Beenz, and Flooz tank. Bitcoin isn't going to do much better.