So is your point this will continue until people are forced to spend BTC because fiat currency will have no value?

Bitcoin is only worth exponentially more tomorrow as long as people believe it is. Most currencies are mainly backed by trust, and that is not something that is earned over a market rally. Let's not forget what happened last April.

That's not the point of my post. You're argument is that nothing needs to change, but just as currency has evolved laws will evolve. It's one thing to want everything to stay the same, but it's another thing to be realistic and realize legislation is coming. Too much money is changing hands for the power heads not to want a cut of it. Too much money is also being spent "illegally" for them to turn a blind eye to it. The fact legislation is coming makes it a currency issue.   

Can you send a suitcase full of cash to the other side of the world in less than a minute? It's a law enforcement issue and a currency issue.

Some people are "spending" it, but I would argue more people are "trading" it. Most of the current spending is mainly on gambling and drugs, so I would agree with the original post that the economy cannot progress if that continues to be the case. Any illegal sites will be more heavily targeted in the future, and you're already starting to see that now as cryptocurrency becomes more popular. BTC won't die off since you'll still have trading, but it will hit a price ceiling at some point where the vast majority of people simply won't be able to afford to buy and trade it anymore. 99% of us are speculators, and that's only fun when we're all making money. We all know a fall in demand will lead to a fall in prices. If there's minimal spending and less trading, that could be a long fall.

I know people are going to argue that it will always be affordable and speculators won't go away since you can buy .01 BTC or .000001 BTC or whatever, but that doesn't seem as appealing as buying 1 or 10 or 100 of something, especially to potential new users/"investors." I think we as a community need to start doing a better job of thinking of ways to maintain and grow BTC long-term instead of focusing solely on short-term profits.   



     

The easiest way for me has always been to convert it to BTC, withdraw to Coinbase, and then cash out.

I had the same thing happen to me when I joined Coinbase a few months ago, but they eventually processed the transactions at my original purchase price after emailing and posting on here. The price had gone up around $30/BTC during that time. If you search the forums, you'll discover this is pretty common, and they normally right their wrongs.

It's odd they didn't process the transactions at the original purchase price for you or even mention that as an option in their email responses. Their customer service has always been shit, but it is a nice service to use once you're at Level 2 and can buy and sell instantly.    

This. IMO, the BTC community needs more places like Sean's Outpost, which not only helps poorer people, but also employs them and teaches them skills. I don't think an individual would ever be able to generate enough free BTCs to create long-term change for themselves and their families.

You're getting ahead of the game with this one since we still have two months. I like it though.

That made me laugh.

Ha. I think the loser would do all of the remaining shots. Death Chess.

He gave $7,200 to Sean's Outpost:

https://bitcointalk.org/index.php?topic=300827.msg3225545#msg3225545

If you won that much would you give any away to random people on here?

I was thinking 1.5 oz. of liquid. I don't think I could do 16 in the time it takes to play a game. 

You still earned 3 BTC overall. That's not bad.

I wonder how big those shot glass game pieces are. They can't be the normal size, right? 

Is that actually true? That's basically turning $500 into over $125,000.

I'm surprised he's been gone this long. I thought he would be back a day or two ago. I would probably come back if I had won that much too though!

Did you do that on your first try at .01% chance of winning, or how many attempts? Impressive.

Good first half. The TD right before half was huge for you guys.

LSU/Georgia will be a good game, but that's a tough pick with the Tigers being on the road. I like the under in that game, which is currently 61.5.

I hope your pick works out for you.

I would agree with betting them individually. Parlays are difficult enough, but maybe even more difficult in soccer with the low scores and parity.

Good luck on your picks!