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
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
.
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.