Please do not feed the trolls.
I prefer just seeing, "NotLambchop: This user is currently ignored."
http://newsrealblog.files.wordpress.com/2009/09/dont-feed-the-troll.jpg
I prefer just seeing, "NotLambchop: This user is currently ignored."
http://newsrealblog.files.wordpress.com/2009/09/dont-feed-the-troll.jpg
This. Even if we consider beanie babies as a legit form of currency they can be "printed" to infinity. The argument they are both "rare" is like trying to say the USD is rare and will never go past X amount of USD in circulation.
If I told someone in the 20's a coffee would be worth $2 they would laugh in my face and say "never would that be possible I don't even earn that in a week". Yet here we are...
Now a 1/100 oz of gold over the coarse of 100 years realtive to buying a coffee.. take a gander at that
.Yes the point I was making is that bitcoin, like gold is rare, there is a set amount in existence, and a limited increase each year as a result of mining and gold is a focal point for wealth (see exter's pyramid), the USD certainly isnt, it can be printed by its issuer at will. Bitcoin has the potential to be a sort of digital gold, how long until the goldbug market want in? That lightbulb moment will click for more people over time and voila $1000 bitcoin in 2015.
Its true the trend cant exponentiate forever, but price is a function of adoption. As long as the network is growing and after this consolidation, there is a good deal of upside left I believe
I've locked down my tins of troll food, they eat facts and soil the place with facetious shit