Quote from: Mr Tea on November 03, 2014, 12:25:47 PM

Quote from: hodap on November 03, 2014, 10:26:26 AM

Quote from: Elwar on October 31, 2014, 10:21:33 AM

Bitcoin has died about 30 times...if the media had the ability to kill it, it would have died a long time ago.

Right. So long as there is usage for it, it will never die.

At worst, the price will drop a lot. But that will only hurt speculator and miner and not end consumer.

What makes you think there will always be a usage for it? The price drop hurts people who want to actually use it as a currency, because otherwise it's just a token.

I tend to agree. Not only is Bitcoin dying, because of price decay, but also most people (mainstream people) don't care too much about anonymity, and are turning to their smart phones to do digital transactions. You don't need a crypto-coin, just MasterCard/Visa. See more here: http://www.juniperresearch.com/viewpressrelease.php?pr=382

A company called Monitise is already partnering with Visa/Mastercard/IBM. http://www.valuewalk.com/2014/11/monitise-future-mobile-money/ (Note this telling quote: "Implicitly, Monitise has acknowledged the key ingredient to banking is trust between the institution and its customer. Just as a no-named ATM draws suspicion, so too does an unbranded mobile application. By providing a customizable open interface platform to banks, Monitise can leverage its technology through the customers trust for their financial institution. ")

I do hope Bitcoin's price recovers however...