some fuel for the bulls http://finance.yahoo.com/news/netagio-launches-credit-debit-card-080000743.html

And yet you couldn't even use email in 2005? Shameful

Truly priceless

Haha. I know right?

I'm on bended knees asking bitcoin to take me back. I'm sorry bitcoin, I lost my way and it won't happen again.

I'm not a millionaire but I am rich with the things that matter like good food, clean water, and healthy relationships (and can still afford premium fuel).

Being an extremely early adopter and having sold lots at the peak of the last bubble, I have been feeling good and have decided to start filling up with premium gasoline at the pump lately. Eat it bitches!

What can I say? I'm a farmer of men.

Price is indeed very relevant to it's initial value and success, but that is based entirely on it's properties like any other thing we value. It's properties are assessed as having value by humans and it's properties help us to determine it's current and potential future usefulness. It's price is based on our collective opinions of it's usefulness as a unit of account, as a network based on overwhelming consensus, and as a store of value as well as our collective speculation about it's future usefulness. Decentralized money is just one of the first truly amazing protocols of the internet with much more to come because of it. Decentralized information based on the highly libertarian roots of the internet itself has led to this point.   Money is incredibly useful to account for the distribution of scarce resources in a world of humans with unlimited desires and greed. Bitcoin can only be acquired or issued in a few different ways and one of them is not being borrowed into existence with interest to the benefit of a centralized issuer. You must:

1. mine (it with all of the electricity costs, technical prowess, and risk that that entails). This is good and P.O.W. is absolutely a necessary algorithm. Mining is what validates and secures transactions on the network. Rather than being wasted this energy used gives value to bitcoins. Energy is literally converted into cryptographically unique and verifiable "coins" or entries on the distributed ledger.  
2. Produce and trade goods or services for it. This is a fundamental use case and why retail adoption like Dell, Overstock, and MSN are so important even if they immediately dump for fiat atm.
3. Steal it (only very smart and talented yet morally corrupt need apply) One point here is that this is really nothing new. All valuable resources are attractive to thieves.
4. Scam others for it. Again, nothing new to human nature and nothing inherent to the bitcoin protocol.  
5. There are no other options. It can't be counterfeited, borrowed, or legislated into existence.  

Bitcoin (in the sense of both the capital and small b) Has the economic underpinnings and incentives, network effect, and first mover advantage to crush everything else in a hyperbitcoinization event that will likely be incredible to watch unfold. I know it has been an amazing thing for me so far in the last five years.

The waves of bitcoin adoption are highly influenced by the euphoric heights and despairing valleys of it's price volatility as it weaves its way to towards maximum adoption before it settles down to lower volatilty that is more reflective of population growth and other factors. It will raise hopes, reward production and innovation and crush false dreams and malinvestments in it's wake as it claws it's way to the top. Anything to replace it will need to be vastly better and I haven't seen that yet. The one thing I see coming that could destroy bitcoin is a condition for the planet of non scarcity of all goods and services. It's possible this will be the case as the free market is a often postulated to be a conspiracy to reduce the price of all goods to zero.

Take precautions and act accordingly gentlemen. I'm just some guy from the internet.

If you can't figure it out, I don't have time to explain. Sorry

That's ridiculous but I've heard it repeated many times. People will just switch to a better currency or money to trade. We aren't going to regress to beyond the retard age just because paper's true value is discovered.

pwned

Stability is a myth in a volatile universe.

http://nakamotoinstitute.org/mempool/bitcoin-as-a-store-of-value-unit-of-account-and-medium-of-exchange/

Yep, that's pretty much what I meant by an ignored. I don't use the ignore hammer on many people and like well reasoned bearish posts but ya gotta draw personal boundaries or the demons will run amok.

I just read a whole page without an ignored or a bear in sight. Are they exhausted yet?

I'm not complaining.

What a bunch of overly emotional pussies many bitcoiners are. If you are holding and feeling fear right now, that is the plan. The myriad bears and trolls in here are part of the scam to get your coins cheap. It's time to hold and buy like never before with money you can afford to lose. How do you imagine it felt to buy at 1.99 in 2011? Do you think it was scary back then to buy then when similar sentiment was running high? No one is going to get rich easy, it will take balls of steel (right Jorge? )

< 4B Market cap is peanuts. The concept is being more proven as time goes on and the network is expanding with buying bitcoin being less and less of a risk as time goes on.  We are very close to bitcoin 1.0  

I was really excited when it went from 315.1 to 315.7 on stamp. The next 10 mins are critical!