It is still a prob with we are left with 1 or 2 legit operators but it turns out only ~5% of traders are legit (not involved in illegal stuff).

if it is revealed that only a small minority are 'legit' traders and the winklevii are solely responsible for bid-walling (start sept-oct 2012 thru feb 2013), then the mainstream will not give a crap about btc.

This is why bitcoin might die soon. Because there are to many people who don't understand, that the value of bitcoin is based on the promise of fast and cheap transactions. They dream of some kind of electric gold and this will make bitcoin drop to zero.
If you can't pay your 3$ coffee without an 3$ fee, bitcoin is worth shit.

How can big money be stored away safely if bitcoin is still tied to fiat currency? If fiat currency collapses, bitcoin no longer has anything to compare itself to, so how would we express value then? Using valuation in bitcoin itself? How would that work since there's a limited amount...

maybe water?

Bitcoins advantages are technical and if you take that from bitcoin there is nothing left.

Isn't the sigmoid curve an exponential at the start that falls behind with growth? Nowhere is an increase in the rate of increase to be seen in a sigmoid curve. The so called "vertical" phase is exponential-turned-linear on its way to saturation, but I might be wrong.

Does anyone have a fucking clue wtf these women are talking about?

where is the cute asian girl from the foundation, I need something to watch.

Ok, bring forward the points that I have made, that are filled with faulty logic, incorrect facts or incorrect inferences regarding fact.
If you fail to do that then I'm seriously starting to reconsider on finding a way to show you how twisted I can really be.
Now try really hard, a lot could be at stake here.

Just another artificial pump. All of you just need to pray that those few  who are actually controlling the whole BTC market will not dump it all in the next few weeks.

One of the most annoying things about Bitcoin is that it’s so convenient to make payments with it that sometimes it is extremely tempting to spend it and avoid the hassle of using dollars. One of the ways to help deal with the temptation to spend is to demand a Bitcoin discount at any store that accepts Bitcoin. This is perfectly reasonable because not only is the store lowering its own costs by using Bitcoin, but it is asking me to give up an inherently superior commodity.

Hoarders are more important than merchants. If a restaurant downtown starts accepting bitcoins, this does not necessarily create an incentive for anybody to buy more bitcoins. Why would anyone bother if they can still just use a credit card? If you can convince a merchant to accept bitcoins and stop accepting dollars, then I’ll be impressed.

Unless a merchant is offering something that cannot be bought for dollars, or at least offering a discount, he is only benefiting Bitcoin to the extent that he encourages more hoarding. If he immediately converts the bitcoins he receives as payment into dollars, and if his customers only buy bitcoins so as to spend them at his shop shortly thereafter, then neither has much direct effect on Bitcoin’s demand. The real hero is the hoarder behind the scenes who buys from the merchant and enables him to convert his payments into dollars.

Not to change the topic of the post.

But I think the main problem with bitcoin mass adoption is there are no guarantees against the owner in cases of theft and mis use.

The reason why credit costs more for merchants is because the interbanks get paid most of the interchange fees (interest and transaction fees) and the credit procesors Visa, amex, mc get paid the association fees.  But the banks cover most of the costs in case of fraud and stolen cards and accounts and most customers are not liable if the transactions are abided by the rules of the credit card companies.  They know this happens alot and to keep commerce moving with more sales this is a built in "expense".

With btc if consumers have their wallets hacked or stolen easily the btc is pretty much gone and it will detract from mass adoption because there is no recourse for refunds.   And this will mean less people use it, and less incentive for merchants to adopt it, even though it is good saving for them versus credit card transaction costs.

Thanks for selling us out to The Man for thirty pieces of silver, Judas. You're pathetic.

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