I think with NYFDS issuing the final regulatory guidelines for exchanges in New York by the end of Q2, I believe the start of Q3 will be a new all time high.
This gloom and doom will blow away then, or as soon as NYFDS releases the guidelines. Thats when Circle, SecondMarket, Coinsetter, Buttercoin will probably launch.
+1 that I agree with. In our hearts we are all permabulls (and maybe that is the problem).
That is not a problem. If cryptocurrency isn't the future, humanity really screwed up. We've moved out of the stone age economically.
Mind you, humanity is continuing to make our planet uninhabitable to humans so.....
TO DA MOON!
I thought this was a very cool quote from here
http://www.reddit.com/r/BitcoinMarkets/comments/22wcx6/what_happens_if_the_best_case_scenarios_actually/cgr72rmI wonder how the situation would look in an alternative universe where the humans invented computers, Internet and cryptography in the early 19th century and switched from gold to Bitcoin, skipping fiat currencies entirely.
Imagine someone from this universe suggesting a fiat currency:
"Let's call this system Dollarcoin. It is a system like Bitcoin, but there will be only one miner, the government. And there will be no limits on block rewards, so the government will be able to mine as many dollarcoins as it wants to. And you will not be able to transact large amounts directly but will need to register a "wallet" with large government-licensed corporations - we will call them banks. And banks and the government will be able to freeze your wallet or confiscate it at any time.
The banks will run their own blockchains too, however all those altcoins will be also called dollarcoins. Each bank will be able to mine 10 "bank dollarcoins" for each "government dollarcoin" they hold. And the bank will freely exchange between government coins and its own coins until it doesn't have any real dollarcoins left and its blockchain fails. Nothing to worry though - in this case the government will simply mine enough dollarcoins to reimburse the bank's customers.
And while we are at it, let's invent our own system for making purchases over the Internet with dollarcoins. It will be called Credit Card. This will be a plastic card with your dollarcoin private key engraved on it in plaintext. When you make a purchase online, you will simply send your private key to the merchant who are responsible for charging the exact amount you agreed to. After that, the merchant will store your private key in its database so you won't have to type it again next time! (Brilliant idea, right?)
Of course, there will be huge amount of losses due to fraud, but we will distribute those losses equally among all users of the system and they probably won't notice. We can just as many coins as we want, remember?"
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