1. The ~10 minute confirmation time
2. The reliance on set encryption protocols which could be broken in the future (EC and SHA256). For something to become as big as a world currency, it needs to be trusted that the technology would last hundreds of years.
3. The blockchain size.
4. The amount of resources that the client uses on a device.
5. Other scalability issues, such as the amount of transactions which can be handled per minute.
6. Irreversibility of transactions.
7. The extreme ease of the average person losing coins due one of many vectors of mistakes and hardware failures, or hackers.
8. The technical difficulty for the average user trying to even use it.
9. Bitcoin commerce and usage has mostly formed within centralized entities even though it is supposed to be decentralized.
10. There are still humans who ultimately control Bitcoin and who must be trusted by its users, even though the system is supposed to be decentralized.
11. Volatility - it is not an attractive store of value for someone who just wants to use it as a store of value or a currency and isn't into investing or speculating.
12. The present distribution of wealth.
13. The reliance on the internet in order to function.
14. Also, what happens if the internet is split apart due to government firewalls.
15. Governments, corporations, and hackers could ultimate control and restrict Bitcoin usage if they really wanted. And mass adoption will not be reached when users have to do it illegally, run tor, and run checks on every client they download to make sure it isn't a hacked client. Even tor traffic or bitcoin traffic over tor could be blocked too by smart routers.
16. Some of the worlds most powerful contries have already banned or restricted it.

** add more here ** - anyone else is welcome

Haha I didn't even know I was in the speculation thread when I posted that. See what I mean!

Speculation threads are a waste of time. Either moderate or don't.

My 2 bitcents...

While I agree with you about the TAT tag (why should any of us trust a guy with "thieves" in their name? )

And really, if I want to transfer 100 shares to direct - how much will it cost me?  .2 BTC?  1 BTC? 

They need to be the antithesis of Gox

Haven't killed yourself yet, after being both a Labcoin and ActiveMining cheerleader?

I'm not sure what is the point of showing in public you can make very dumb decisions and trust the wrong people.

Which backs up similar sentiments by the forum user (sorry forgot your name ) who visited the offices late last year.

There are creators and there are wreckers. Wrecking is easy, simply pleasure, that's akin to eating a refined desert... you get the idea

I'm excited, but why is the price above .003 with unsold shares from the IPO tranche still on the books at lmb?

edit: my manners, congrats Danny on the hard work

You have to understand that in the past, when bit coins were mostly in the low double digits, that was a different story. Right now at close to $1000 dollars a bitcoin, the risk is completely different.

You would need to invest so much money right now to make any significant gains. Gone are the times when a simple investment of $8.00 and a possibility of it going to $16 or even higher were possible. Even at that point you could say bitcoin had an all time high of $30, we surely will get there again.

But now at $1000 dollars, can you expect the price to $2,000 or $4,000 so easily? Even during rallies, there will be lots of money needed to push it up to those levels.

I've stabbed people over less money.

At this point no one will buy them before the official grand opening.

At these high prices bitcoin is just a bad investment because it would take a huge increase in market cap for the prices to go up higher. You can forget about easy returns. Actually, for the risk you are taking in bitcoin you are better off choosing risky stocks to put your money in. You will probably get a higher return on your money for less risk.

It seems that volume is getting lower and lower, I saw on Mt Gox a few days ago 24 hour volume in the 3 or 4,000's.

It seems that if people do not sell and just sit then it does cause scarcity. However, it is like a house of cards. If anything was to happen which would cause just a small increase in bitcoin holders to want to cash out the price would collapse. This may not happen as bitcoin holders are probably financially secure and probably have above average income and intelligence to just be able to buy them in the first place.

However, you are taking risk with your money at these high bitcoin prices. Just being that you are investing in a house of cards is risky. You will also need a considerable amount of money invested to make any significant gains in bitcoins at these prices.

The other thing is as bitcoin price stagnates, more speculators will put their money in other coins that see higher growth. Bitcoin and digital currencies are for the most part just a way to gamble. Dogecoin seems to be the new coin now that people are throwing lots of money into. This almost proves its just a big gamble.

But I honestly would rather invest in a more risky coin for $1000 to make $10,000.

Then invest $20,000 in bitcoin to make that same $10,000

I can live with losing $1000, but not $20,000. This is why I don't see a lot of money flowing into bitcoins anymore. The only way the price will rise is if volume gets lower and lower, but then you are investing in even a bigger house of cards.

I would suggest hoping for something more realistic like .0035BTC/share. There's still alot of shares that need to get knocked down in the coming months before N/B starts to see an upswing.

Seriously....... there's plenty of terrible companies and outright scams that have had great press in both Bitcoinland and the 'Real' world.

Publicity is great when you have a product to sell, but you usually generate publicity after you've launched the product.

We ask for news about our investment, and the CEO shows us a bunch of news paper cutouts spread out on the floor!?? and he seemed to show up out of nowhere too, Danny either you are too busy getting ready for NeoBee branch 1, easyco.in and everything else but you have time to lurk around your thread and when prodded for updates this is the what we get? This company has like 9 mil worth of bitcoins it raised and this is the best it can do with OUR investments? how are we supposed to have confidence that a company that does stuff like this is supposedly going to be able to navigate federal banking regulations and run a bank? seriously, only in bitcoinland.