Quote from: smooth on August 20, 2014, 02:05:43 PM

That is entirely a function of how much capital people are willing to flow into the coin. That in turn is a function of both usage and speculation, so in practice at this point almost entirely speculation, though we are beginning to see the first glimmers of usage.

During the last 2 weeks, I have:
- fulfilled the "20 monero pizza" deal when the former Mayor of Rakvere (no previous association with any crypto) drove 30 kilometres to deliver 2 steaming pizzas to Malla;
- paid a part of our chef's salary in XMR;
- paid a part of our waiter's wages in XMR;
- signed a business venture denominated in XMR, paid my share in XMR;
- sold some XMR for BTC, OTC;
- tried to buy some similarly, but was defaulted upon (thanks escrow);
- decided to accept XMR for everything in Malla, in equal terms as BTC.

Not bad for a currency without any usage whatsoever... Wink