Even if it goes down for a year? two years? a decade?

And what will you do if it doesn't?

This simply isn't true.
I remember that was the word when we were at the low single digits: If it only goes to triple digits it will be much more stable.

No you are speculating on a higher price. That's what all the "store of value" types do.

Bitcoin has become what it deserved: A running joke...

There isn't any real "good news" to come at this point. The best that can happen is that Gox operates as expected.

I think the most important part of why the thread was so filled with rants is that ppl were trying to influence others to take one particular action.

It worked very much like the btc-e trollbox.
OH I almost forgot: SELL SELL SELL!

going down already?

For our purposes that's everybody. When the bubble popped my dad told me on the phone he did read about "those bitcoins" and "how huge they have become" in the newspaper.
On that day I saw two teenagers on the street following the bitcoin price on their androids. ("216 Euro!!!")

They all learned what Bitcoin is all about: Buy and sell bitcoins.

It has. This is it. Ground Zero.
It's Max Kaisers and  Bruce Wagners forever.

I think the point here is:
The world now knows about bitcoin, pretty much all of it.
But it knows it for what it is: A trading game with scummy figures playing captain of the industry and an attached army of zealots with the attitude of MLM participants.

In short: We're out of suckers.

That's one of the few thing they actually make sense to use them for.

You asked me to explain the argument to you, I tried the best I could.

Yes you do.

Your perception is intrinsically distorted.

nuff said.

You are confusing price with value.

The price is stable in the 70-80 range period will be even better.

Bump.
Lets see how this "Price is `stable` in the 80-90 range" period plays out.  

Money is related to value, this is called backing.

Historically that meant vouchers for a hand of grain which was stored by the local sovereign, backed by a standing army.
In modern terms that means you can pay your taxes with it which are used to provide infrastructure, black helicopters and and food stamps. It is backed by the police and military and you are guaranteed to be able to pay all your debts with it, not just taxes.

You now probably say now: But that's socialism!
Wrong.
Modern society is built on structure and what you call socialism provides that structure for you, what you call capitalism enables you access to this structure.

Now if the Bitcoin network would do something else than crunching hashes, something which is actually useful like sequencing DNA that would be something different.

The argument isn't flawed, your thinking is.


You are repeating yourself. Are you stuck in your thought pattern?

I think you still misunderstand me. Miners won't be able to determine their own individual reward.
The way it is supposed to work is for miners to write the desired reward into the block and the actual reward would be the moving average of the last n blocks.
So nobody would forgo their own reward in a sense that the current vote will be valid for everybody who finds a block.

Typical shill opening.