Litecoin still has a bright future as backup payment protocol. Love to see devs working on this and business expanding.
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Just look at Bitcoin a buying shares. You know your share when holding a Bitcoin (1/21,000,000), only the price fluctuates. Unless banks make International payments 24/7 and nearly free, there will be a place for Bitcoin.
I consider the only real risk a hack of the protocol. If Bitcoin does not encounter such the next 18 months, people don't know better than that Bitcoin is safe. If that happens, the current price run up will only be laughed at. Just keep your 'shares' safe and spend if you see something nice.
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The saturation in the phone market is already there. Hardware is dead with perfect Android phones for $125 from China. Only in terms of camera I still see some room for actual progress. I carry a 2010 Android phone and don't feel like I need something newer. I think more people will switch to this approach in the future and really stick to their phone for at least 2-4 years.
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It's simple price discovery. Do the Math and understand why people got in.... Just after the Great 2011 Gox Crash...
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Flattr is really a nice idea and ideal for Bitcoin micropayments on the Net. Lets award good content (also an opportunity for the press).
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Deflation is "bad" in the way that it postpones consumption.
Imagine you wanted to buy a new TV set and you knew that next month its price would be lower, it would be quite rational for you to postpone your shopping until next month. But then again, next month, you would knew that the price will drop more if you wait more...
Deflation is good for hoarding, bad for consumption whereas Inflation is good for consumption, bad for hoarding.
You are spreading the fallacy again. Of course I would wait a month if the price of that TV is expected to be 100% then. Probably the same with 10% a month price decrease. But now let's assume that Bitcoin matured and reaches a stable stadium. The annual deflation is about 2% Would you hoard for 80 years of your life and never ever buy that TV until you die or will you finally put this bad thinking out of your system and realise that the only thing of value you have is : time. No one gets more time per second than anyone else. People will spend if deflation is mild. They spend now as well while technology improves by leaps every year. People cannot and will not wait their whole life to get a piece of the action. But fair enough, if BTC remains there, our points will be tested and tried and there is nothing we can do about it ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif)
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Epic thread is nearing $1,000 1,000 pages. Would be nice to celebrate with a new ATH.
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Getting rid of debt is a noble cause.
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A dollar in cash, paper in your hand, could become very valuable if all that debt must vanish. Of course, you should not have a debt yourselves then.
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... to turn full negative in the last 3 paragraphs with some doggerel about "banking is a cornerstone of democracy".
BWAHAHA.
You may want to rethink this over and contemplate whether modern capitalism (the free version, what's left of it) cold work without some form of banking. Personally, I think banking is an essential element of our society. Don't mistake the current situation for what it actually should have been.
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Actually, holding physical cash may be a very good short term 'investment'. Remember Cyprus?
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After you downloaded all the files, did you put them into the appdata folder for devcoin and after you did that did you reopen it so it resynches?
I did exactly so, but the client does not show any connections, also not after a while. debug.log output, otherwise i cant help you! Is this a command that needs to be given at a command line?
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The fun part is = no shock breakers (other than the infamous Gox lag).
This so called 'Crash' would be over before you know it, because its a totally free market. In essence, it would be a good thing for Bitcoin.
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One could imagine that Gox is actively selling to stem the price from melting up. In specific cases, just mess up the system, declare lag or DDos and actively manage the price upwards bit by bit. Not implying or accusing anyone but it could have some truth in it.
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People not familiar with Bitcoin don't see a difference. They say that anyone can start a new type of coin tomorrow. When you try to explain how it is difficult to gain traction for a new type of coin they just look at you funny.
I'm sure that if you're the US or the EU you could create a new coin and give it enormous traction. I expect that is coming: StateCoin. StateCoin will have many advantages. It wont be anonymous, so criminals wont be able to use it to do bad things to children. Even better, StateCoin will support remote confiscation, so the financial police will be able to get your money back if it is stolen. Would you have faith in a Bitcoin that could be confiscated by a bureaucrat because it is labelled 'stolen'. Until recently, even bank accounts were deemed sacred (tax authorities need to attach a bank account; simple confisquation not allowed). However, a decent State coin would certainly not be without merits. The State might as well just adopt Bitcoin once it has matured.
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Over een jaar accepteert Geenstijl Bitcoins.
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This is going to end well above $1,000.
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'There is no value, only Bitcoin'.
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The frenzy will end eventually.
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This run up wont stop before $3.xxx. Only small people think small ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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