51–53 of 53 posts
Want to know what the price of Bitcoin is really about? Look at the 30-day chart. Classic hype-curve hockeystick. Everyone should by now know what comes next.
Earlier quoted context omitted.
Is freedom a bubble? There is tremendous value in freedom. Bitcoin provides this in abundance. Like P2P filesharing, no amount of legislation and regulation will wrest control of it back into the hands of the government and financial institutions - it will only continue to be embraced as public awareness grows. It's not a bubble, it's a snowball - at least in the long run.
Whooo, easy. I'm not arguing with anyone. Yes, I could be wrong. But what will happen if an alternative to Bitcoin shows-up. Or 10. Won't that bring the price down? You have to admit, this "freedom" is kind of hard to control at the moment and it's moodier then a women. It crashed before and it can happen again. I'm not against or for it at the moment(maybe slightly the second), I'm just waiting to see what will happ…
Though, I would say freedom is not just _hard_ to control - it's impossible by definition. Freedom is not a short term thing, it's a long term outcome - it's the low energy state that's thermodynamically favored. Eventually the world will be a truly efficient, democratic, free society. But, it takes time and catalysis to get there.
Bitcoin is a catalyst for freedom. It or something like it will be adopted.
My gut tells me bitcoins are here to stay.
This is a hugely misleading statement. Zoom out. Regarding the previous 2 hours one could say "Bitcoin collapses by $10 in just two hours". Zoom further out... Look at the last year... Looks like it might recently be a bit of a bubble.
People on IRC keep trying to tell me bitcoin is stable. I'll never understand what their reasoning is.