I keep on wondering about the real size of the economy besides the speculation.

I haven't seen this idea posted before so here it goes: Considering the many shortcomings of  moving a lot of cash between places far apart in two countries(theft, bad excahnge rate at local bureau de change, etc) and that credit card is not acceptable at every shop in every country, traveler's cheque would still be useful sometimes, however, companies like AMEX won't setup branches in every city of the world, and Paypal is not allowed by financial regulators of certain countries(like China)/So if a person  A wants to travel to certain city where all the above-mentioned options are not practical, here is what he/she could do:


1.Arranging an agreement with a person B living in the destination city, who will pay person A an amount of fiat currency of the destination country upon receiving a certain amount of BTCs.

2.Person A travels to the said city.

3.Person A finishes the transaction with person B face-to-face using their computer to minimize the risk of a scam, and at the current exchange rate.

Your opinions/suggestions?

I now agree that this whole "$1000/day withdraw limit" idea is sound.

Price plummeting in a straight line yet no bid is makeable, anyone else experiencing the same thing?

High:19.99  Low: 19.01

It almost looks like someone is manipulating the market (or is it just collective unconsciousness) as it won't go above 20 or below 19 even if it was just 0.01 away, and it has been like this for a while.

Your opinion?