Guess you don't understand why bitcoin have to have high price (and stable) so it's economy can function, do you?
It is apparent that our views are different. My belief on the economy of bitcoin relates to the value of the underlying protocol, not the miners reward that we are trading here.
I won't change your mind, you won't change mine, so let's agree to hold this type of argument somewhere else besides in the speculation thread. OK?
First of all this topic has a lot common things with speculation because people are speculating not even knowing how they are hurting themselves in the process.
Second, I was not referring to miners but merchants.
Compare two scenarios:
1. Stable growth of bitcoin price, when people are buying and holding bitcoins and who needs to sell, he is doing only this. People are spending they coins when they can.
2. People are trying hard to move the price in all directions to grab as many bitcoins or money from others not doing anything constructive.
To prove I'm right look at this: bitcoin price $1 and media barely mentions about something geeks created, $100 media is more interested, $1000 beginning of mentioning about Wall Street investing, $10000 Wall Street here. Do you see what I mean? Higher price is better for everyone and you don't need to even gamble to be rewarded for helping community.
