Quote from: Watermelondea on June 27, 2014, 02:28:06 AM

Quote from: Harley997 on June 27, 2014, 01:42:53 AM

Quote from: gbooz on June 26, 2014, 07:20:11 AM

Quote from: Harley997 on June 26, 2014, 04:21:54 AM

Quote from: beetcoin on June 25, 2014, 09:27:34 PM

Quote from: jcoin200 on June 25, 2014, 09:17:46 PM

Quote from: SpontaneousDream on June 25, 2014, 08:56:18 PM

Quote from: fernando on June 25, 2014, 09:19:10 AM

The problem with exploding prices is that volatility inhibits usage as people are scared to go in or spend. But increased usage would make the price explode. Not sure how this can be tackled.

Agreed. I can't see Bitcoin going fully mainstream until the price has stabled out. Any guesses on how long that may take?

But with mainstream acceptance, naturally loads more people will be acquiring BTC. So I would think that would cause value to rise. Then once acceptance has grown to a large enough level, I imagine the price would stabilize.

in that case, it would be considered more of a speculative asset than an actually useful currency. and that's why i think it'll never be a currency, and if it does become one, it won't be for a long, long time.

Even today bitcoin does have some characteristics of a currency. It is lacking being a store of value as it's price is volatile however the price volatility has subsided this year and hopefully the price will be mores stable in the future.

It is something in between the currency and speculative asset. So, the "kind of" regulation might have positive impact on the price stability of bitcoin. But is the price stability what the bitcoin holders are expecting today? I am not sure..

Price stability is ultimately what it needs to prosper. I would def say that bitcoin is closer to a speculative asset then a currency

It stands somewhere in between. But i think i will be moving to the "currency" side.

It is defiantly moving in that direction, it is just not there yet. The concern is that a lot can happen before it gets to that point and a lot needs to happen for it to get to the point of it being a currency