historians that study the dotcom bubble "new economy" of the beginning of the millenium might come to the conclusion that the euphoria back then was unsustained because a technology like the bitcoin protocol was not available.

now we are talking about "new economy" for real. 

That would put the market capital of bitcoins and gold at equal levels, but I do not see any reason they would need to be equal? Once the powers that be and every body else in the world realizes the advantages bitcoins offer over gold, we could see bitcoin replace the market capital of gold. Someday you might be able to buy 100 kg of gold for a bitcoin, and the only people who do that are going to be jewelry makers and electronics makers.

These caves and rocks of the mountains will not furnish the desired protection from the wrath of this “evil day,” when the great waves of popular discontent are lashing and foaming against the mountains (kingdoms—Rev. 6:15-17; Psa. 46:3); and the time will come when men “shall cast their silver into the streets, and their gold shall be as though it were unclean [margin]: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord.

Meaning you'd need money transmitter licensing for every State (in which you have customers)?

Ever since President Nixon broke the US dollar's last link to gold, the world has been set adrift on a sea of fiat currencies that have been increasingly debased, serving the interests of governments and financial elites. For the last five years, central banks have imposed near-zero rates of interest that have helped push up stock, bond, and real estate prices, but have made it nearly impossible for savers to receive meaningful returns on bank deposits.

To make matters worse, the apparatus of national security has turned financial transactions into a massive exercise in government surveillance. Under the camouflage of 'protective' measures, such as the USA PATRIOT Act, governments have invaded the privacy of citizens and compromised banking secrecy in an unprecedented and often unconstitutional manner. Despite huge potential transaction-cost reductions achievable through advances in digital technology, banks continue to charge exorbitant transaction fees while maintaining transfer delays that reflect a pre-digital age. In addition, bank regulators, led by the IMF, have shown a willingness, in the case of Cyprus, to make depositors liable for poor banking decisions. Many private citizens may naturally see the status quo as a deliberate policy to crush middle-class savers and pave the way for centralized socialism. Some have sought a way out.

Gold 2.0?

Traditionally, investors have turned to precious metals such as gold to help protect and privately transfer their wealth. However, ever-increasing regulation, monitoring, and physical searches have eroded some of the key protections afforded by gold. Gold's weakness over the past 24 months has also spooked many former adherents. In such an environment, many have seen the recent arrival of digital crypto-currencies as the means to restore the monetary independence that has been co-opted by big governments. Currencies like the now-famous Bitcoin offer the potential for a store of value, low transaction costs, free movement, and anonymity. It's no wonder that Bitcoin has taken the world by storm. But all that glitters is not gold.

It's the opposite. It's a wholly shareholder-owned and developed company, and its corporate and legal structure are open source and incorruptible, and it's the best rebuttal for anyone who criticizes an-cap, or especially voluntaryism. We took the concept of a company and improved it by an order of magnitude, and that was just a side effect!

Look up the thing that has been dubbed "DAC" -- distributed autonomous corporation. Bitcoin is the widest-distributed and massively universal, but it's the tip of the iceberg for use cases of the blockchain and derivative protocols.

Trace is high on bitcoin

https://www.youtube.com/watch?v=0dNawEe8M1Y

good interview with visionvictory

Amazing!
Is it already possible to build (at least beta version) of a public exchange, where actual exchanges can be performed, based on this?

I'd take some letters from "Satoshi" and some from "bit", so I propose SHIT.

That said, the price will remain volatile for some time but I think "zero" is a bit exaggerated.

I wanted to bring it to everybody's attention that Chase Bank has informed multiple buyers within the last week that starting Feb 1st they will no longer permit people to make cash deposits into other people's bank accounts.

Happy 5 years anniversary everyone!

And the market decides to celebrate by starting a rally

From a contrarian point of view, majority seldom or never gets it right.