Quote from: r0ach on July 28, 2014, 04:48:15 AM

Your post includes zero reasons why the price isn't going up. If you want to know why, all you have to do is read the following paragraph:

Quote from: r0ach on July 28, 2014, 03:55:08 AM

The current Bitcoin model is already an obvious failure while people walk around in a delusional state pretending it isn't. It's advertised as requiring "no trusted 3rd parties", yet the entire thing relies on them in the form of a small number of mining pools for block verification. Since Bitcoin never solved the "no trusted 3rd parties" dilemma, it's time to admit that and come up with a solution, most likely assign a performance metric to regulate those parties (i.e. PoS with reputation variable).

Unless every single iota of Bitcoin dev manpower is redirected towards the solitary goal of getting rid of mining pools, they're operating under the textbook definition of insanity.

crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k) + https://www.ethereum.org/ Over 8000 bitcoins is being held by this new project. As long as there are more investors, price of bitcoin will keep dropping due to cashing out.