You also forgot "paper gold" and "hyper-inflation"

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ericholtman, Go back to trolling twitter with your inane banter. You can't keep up with the pace of conversation here.

EFFECTIVE ARGUMENT TIP #1827: Don't hesitate to "bring it to the man." If someone finds a hole in your argument, a good ad hominem is an effective and widely-respected way to respond!

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I love ad hominems , especially for breakfast with some whole milk and a bit of brown sugar.

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Either provide enough details for people to help, or sit back and listen to the crickets chirp.
Security thru obscurity is a myth - and really really annoying.

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Telling people that 5 is greater than 27 is a self-ad hominem. All I did was point out that the guy was lacking a few brain cells. I'll admit I should not have fed the troll.


Anyway.. Lets look again at where bitcoin is in 6 months to a year. I think it's got a good chance of going up, plenty think it's going down.

I think the price of Bitcoin in USD is irrelevant. Doesn't matter if it goes up or down. Until I can buy a TV with it in Walmart then it's of zero utility to me; it puts it somewhere in the region of PSN credits but without fixed pricing.

My bet is that things won't appreciably change in 6 months. It'll still be another fringe experiment with no mainstream pick up. Banks won't deal with it as a currency; bricks'n'mortar stores won't take it; it'll be limited to minor websites who are willing to gamble. Maybe the odd investment banking trader will gamble on it as well. Basically, just like today.

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Rgds
Stephen
(Linux user since kernel version 0.11)

But but but but

libertarian utopia! The end of fiat currency! Truly anonymous drug, sex, and gambling deals!

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As long as they still make pizza, the world is safe.

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Either provide enough details for people to help, or sit back and listen to the crickets chirp.
Security thru obscurity is a myth - and really really annoying.

Fiat is the correct term for money that derives its value from government mandate.

http://en.wikipedia.org/wiki/Fiat_money


Yes there is a car company with the same name but you can find multiple meanings for almost any short word.

Whoooooooshhhhhh!!!!

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