Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Adrian-x
on 20/07/2014, 16:29:47 UTC
That's what Big Trade is buying into - the utility, not the speculative opportunity, so I'm not expecting another "launch".  I'll be very surprised if we see $1000 again - there's no good reason for it at the transactional level.
That belief is certainly the goal which the present psyop against Bitcoin is attempting to achieve.

Don't understand - why would a view that emphasizes Bitcoins utility be a hostile operation?

It's drawing attention to Bitcoin the currency, when Bitcoins killer app is Bitcoin the store of wealth.

Or as I have come to understand it Bitcoin is a universal debt ledger (unit of account), primed to accept the current financial debt systems, where debt is a vacuum that attracts wealth. (I.e. money as memory and that memory is going to be global and collectively stored on an P2P blockchain )