BITCOIN merchandising markets are booming! or booming not!
Again, that is just a wish as I seen recently this article about booming bitcoin exchanges (like couple new exchange markets every other day
). here is the article http://www.bitcoinmoney.com/post/7814847083/tradehill-opens-eur-exchange
and as an active miner (myself) and a colocation mining center engineer I know there is almost a new mining pool DAILY
Yet there is no single respectable-by-everything-with-BTC merchant !
. Not daily not monthly.. there is no even plans or ads about plans!
I know BTC price right now is very volatile, transactions are slower than other plastic and online money. But there are really a lot of technology solutions for this. maybe something like the on used in Geeze GRILL restaurant as i seen in CNN video http://money.cnn.com/video/technology/2011/07/18/t_bitcoin_currency.cnnmoney/
I know bitcoin is up and running now and it is worth 100 million USD. It is hard to debate if it is a scam or not.But the question is: Is Bitcoin just another libertyreserve/e-gold/c-gold distributed competitor worth of couple hundreds of million u.s. dollars or is it really a new world-class currency that is going to change the world as we know today ?
This is the million dollar question and if anyone knwo the answer is yes they would not spend any BTCs of course
Anyway, the issue is that I am very disappointed with so much miners/speculators and very low real-life commodity exchanges for BTC.
As I believe:
* Miners are the solid base layer of the BTC pyramid and the more we have the higher we go.
* Speculators/exchange-traders are the pyramid cap who makes money out of themselves and their speculations.
* Every-day users: who buy some bananas,cigars,gambling cards using BTCs. are the mid-tier that gives the currency stability, usability and wider demand.
I dunno why a lot is jumping in both exchanges and mining pools but yet no one is jumping for something like amazon-btc or ebay-btc. Do we have to wait so long for someone genius enough to create the first successful online merchant-market then we all start copying it ?
I wish we can see booming activity in buy-it-all online merchants-markets along with the local markets accepting BTCs.