Earlier quoted context omitted.
"if the price of BTC stabilizes" is the key Does anyone else think that BTC is the greater fool theory ( http://en.wikipedia.org/wiki/Greater_fool_theory ) ? Will the world allow itself to be swindled by the Winklevoss twins? For all its advantages, it seems there will always be high risk and speculation to it.
I could say you're part of the greater fool theory anytime you get paid in or sell something for fiat money. It only has value as long as people are willing to accept it, same thing applies to Bitcoin. But Bitcoin is also an incredibly small market and as such it's susceptible to manipulation from already wealthy individuals like the Winklevii. Unfortunately for them bitcoin are worthless without circulation (i.e. pe…
Maybe fiat money is the worst form of currency except all those other forms that have been tried.