I bought and spent some a couple of years ago and still have a few fractions of it lying around somewhere. I think it's a great idea and I hope it and/or another crypto alongside gold and silver put an end to paper money for good.

If some young, entrepreneur here at VGC wants to go set up some sales bets over at betmoose, I'll throw some bitcoins their way.

Damn I wish I bought bitcoins years ago :(

It works because our current currencies are free floating (so it's only backed by our trust). But without government backing, these will always be way too volatile to be real useful currencies, and then there is the matter of who controls the currency in question.

For stability's sake, it really could use expanded adoption. Let's keep in mind that more people in the US own BTC than the populations of 40% of the states and 60% of sovereign nations. That being said, most of those nations use USD, anyway.

Expanded adoption will only mean more people will be dragged down when the BTC bubble bursts. It's insulated against nothing.

To quote a scholar and possibe gentleman: even "our current currencies are free floating (so it's only backed by our trust)."

Correct, but there is a difference between government backing and nothing backing.

I agree, which is why I think the currencies need a large pool of risk diffusion.

It's very different from the dotcom bubble, in scale, in the participants, and in the objective.

Dotcom bubble was much larger, thanks to the participation of actual investors, simply overvaluing actual, existing companies, which then crashed after failing to produce much of value.

Bitcoin was, from the get-go, a disruptive movement with the goal of overthrowing the current currencies. It was poorly planned (no mecanism to control inflation for example, which could be dangerous), and makes it unviable as a currency form, which is why I believe it to likely fail in the near future, WITHOUT any repercussions on the financial markets (as nothing is lost - simply a transfer of value from bitcoins to usd, or whatever)

Tesla might pull a mini Dotcom bubble.

I'm thinking about to buy a rx 480 to mine until I got it for "free". so for a free upgrade.. but don't know what to do after that. only problem is that every 480 / 580 is sold out.