I don't know why the price dropped today. I know the price dropped from $31 due to exactly one thing: Silk Road closing registrations.

I think bitcoin is still useful unless it drops to 1 Satoshi, then basically it is not useful for trade or speculations.

WOW! I just now saw the current price. I haven't looked at it for a couple days.

I don't know it put my brain into a recursive loop.

1 satoshi = 1E-8 BTC

So if 1 BTC = 1E-8 BTC?

Now that would likely kill BTC if 1 BTC is equal to 1/100,000th of itself.

I love bitcoin, the concept, it is scientifically sound, great idea.  BUT and a HUGGGGE BUTT.  What do you need it for, what or why do you need to buy something with bitcoin unless its silk road?  Anonomous is the only part I see that it has, but cash can have just as good as anonononymity as Bitcoin so really not a benefit there.  I just dont see it ever hitting mainstream as a currency.  It was a great ride, nice bubble, some people got really really fucking paid off of this like a ponzi scheme and now its just holding on for dear life.  I think its cool, but beyond that it really has lost its purpouse unless many many things change.

People will bitch about early adopters until 2021, when the generation curve really begins to stall.

What is money?

unless its bitcoin itself, your statement is full of errors.

I understood one thing it may be needed for when back in June I saw someone use it to send $10.5mil worth overseas, with money fully transfering within 30 minutes, and paid only about $15 to do it.

I'm curious if that person overseas is now holding $1.05 million worth of BTC? If so, I'd ask for that $15 fee back.

Doh! Yes. Edited.