BMOT just created. VC's throwing in money. We have seen the rise of speculative interest go all the way to $266, wait 'till you see demand. Christmas 2013? 7 months? In Bitcoin time? Please.

in 2011 you'd go around and ask people about bitcoin on forums and stuff, and anyone that heard about it was convinced it was hacked and it was dead.

also trying to explain to someone ( avg joe ) the situation was not easy, even if they could be made to understand that it was a service that was hacked and not bitcoin itself, they had 0 faith that bitcoin would not work because of the central points of failure.

please though i was stupid for buying at the first sign of recovery. " your stupid for not having sold them at 32, sell them now they will worthless "

Fucking right. 

I think of Bitcoin as a sort of future. The pricing will always be ahead of actual adoption rates, because if people expect there to be more adoption in a month from now, people will expect the price to be higher a month from now, so they will buy bitcoins now to profit a month from now, driving the price up now.

I said "in some other variation". Similar things could occur with the Bitcoin client network (see blocksize limit) for instance.

Also, while MtGox is throwing over a little crumbs for the other exchanges, I don't see it losing its status as #1 exchange anytime soon. In 2011, Tradehill popped up and took some of MtGox's market share. Tradehill vanished. A couple other exchanges that were highest in volume following MtGox got hacked or closed due to legal trouble this year.

It's too bad, but there is no singularity in Bitcoin infrastructure and it will be a limiting factor for quite some time.

Anyway, we should settle it and maybe one of us will remember the 300k USD prediction in December 2013 and laugh at the other.

Actually, the link is even stronger. Competition -> Race to improve -> Increased infrastructure. Just look what the intense competition between miners has lead to: The biggest computational network in the world created, biggest by a fair margin. Bitcoin naturally incentivises competition, due to its fast transfer times (making switching between competitors easy) and its open-source nature (meaning one competitor can't monopolize some part of the client in some way). Now with miners the competition is induced in the protocol itself. I don't think the competition between exchangers will ever become as intense as that, so the exchanges will naturally lag behind a bit. However, it still is only a matter of time before Bitcoin exchanges obtain the type of infrastructure that the miners already have obtained. As such I don't think there is much need to worry.

Very good point.

Yes it is different. Because Bitcoin has new types of users now.

Forget this. Forget good or bad news: This thread needs more disillusional dreamy cheesy pictures … on our race TO THAA MOOOOUUUUNNN.



If the current status holds, the next few months will be very very exiting. It's not even a question of the Bitcoin network itself and assocated services around it; it's just that more and more realize that they want a piece of the cake.