I'm a newbie to bitcoin and only heard about it the other day.

It reminds me of the goldrush in the early days of domain names when you could register a 3 or 4 letter one without too much trouble.

I've seen some people here say that the margins on mining are too small now. But I think they could even grow, here's why:


The mainstream is only just getting into this. Interest is skyrocketing right now. It doesn't matter what the naysayers say, there will be enough interest from those who want it that they will eventually turn around and consider it when the truth eventually hits them instead of the media BS.

As this happens, the demand for BTC will skyrocket. This would make the price go high but when that happens, the margins from mining will increase and mining will become more attractive.

I truly think that we are now looking at a period of several months of stability in the price as this arbitrage will keep it so.

It's all about feeding the demand and we've barely even started.


Even if you forget about all the difficulties of BTC in the "real economy", just look at the digital economy. One company that sells ebooks has paid out nearly 2 billion dollars in payments over its lifetime. One of its clients sells a weight loss book that earns it $20 million per year!

Right now, bitcoin exists due to enthusiasts. Those over at talkgold are only just discovering and discussing it. Marketers elsewhere have barely noticed it yet.

Let me tell you one way now that someone can get rich: Develop something like Tradebit or like a Paypal button that works for bitcoin. Right now, all I see is bitcoinservice.co.uk. Great service but hardly the professional mass selling solution that marketers are looking for. Many of you here are programmers and don't even need to outsource the work.