Quote from: dead_bit on April 21, 2014, 08:35:11 PM

Quote from: jonald_fyookball on April 21, 2014, 08:25:01 PM

Quote from: dead_bit on April 21, 2014, 06:58:42 PM

the greed of the community will force it to maintain it's investment vehicle status.

Care to explain this argument?

The only difference I see between 'investment vehicle' and 'store of value' is volatility.

Edit: and longevity. But I don't think that is in question.

It's volatility keeps it from being a store of value, keeping it unpredictable. I guess the term "community" is a bit much. The greed of the few is what keeps BTC in this long term status. Most have no interest in making BTC into a store of value, because a store of value isn't susceptible to such short term fluctuations in value. This is primarily because those few are only interested in continuing the profits. As long as profits are the end result, BTC is no different than most of the multinational corporations that people on this forum deride. Look at the never ending parade of ideas to "increase the value of Bitcoin". This illustrates my point. The idea is not to stabilize Bitcoin it is to increase it's value.

I don't think there's anything to worry about. Volatility will continue to decrease as adoption widens. Volatility is actually caused by TOO FEW
big speculators being allowed to push the price around wildly. More traders means higher liquidity and lower volaility.

btw, look the anonytroll is back, and he's up to 4000 anti-bitcoin posts. nice.