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Author Topic: Bitcoin is now mature :-)  (Read 893 times)
ehoffman (OP)
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April 01, 2013, 02:10:42 PM
 #1

Well, I think we can reasonably say that Bitcoins has entered the grown-up playing field now...  Look at the media attentions coming up...  Wink

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wormbog
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April 01, 2013, 02:40:47 PM
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Three digits is too much for convenient small transaction usage. Time for a 1000:1 split.

Millibits have reached parity with the dime! Congrats everyone!!
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April 01, 2013, 02:58:20 PM
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I don't think just because something goes up in value very fast, it is mature... well on the contrary... anyway, time will tell.

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April 01, 2013, 03:08:20 PM
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I would say it is not mature. Bitcoins is not used in daily/street transactions. It is a very marginal market. If it reached the market cap of silver, it would be 2,300USD/coin, and silver is a mini-market!
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April 01, 2013, 04:24:46 PM
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I don't think just because something goes up in value very fast, it is mature... well on the contrary... anyway, time will tell.

Right. I think bitcoins will be mature when the change in price against the USD is about the same as the change in price of XAU vs USD and USD vs EUR etc. When the volatility is small enough and the price steady enough that when the BTC price vs USD goes up you can say that the dollar is losing value without having people laugh at you.

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