Bitcoin is something completely new and different. It is like open source software. Until people really understand it, it will be toy for geeks with similar market coverage and price. (or someone find design bug and we can forget about it)
Biggest hurdle when using bitcoins is not it's high/low price, but rather fluctuation.
Fluctuation happens because too many speculate it and not trade with it (well.. currency trading is also trading..) And I would say this is totally expect-able and acceptable.
With time if this technology will prove itself, it become major online payment method. And believe me - work on this project is very active right now. All this investing mumbo-jumbo is just a random noise...
No I think it's because bitcoin's reputation had been thoroughly trashed due how much the early adopters made off with. Any mention of bitcoin now just leaves a sour aftertaste.
who cares? Do you care federal reserve guys can print as many dollars for themselves? Does it prevent you from using dollars to buy stuff in walmart?
Difference from FED is that it happens to bitcoin only once - during initial distribution. After all coins "printed" - no more coins will be thrown into circulation.
Initial distribution have to be made somehow. And I believe people who invested their time and money earlier have to be paid accordingly.
Read paper. This is not money question. This is technology question.
Biggest hurdle when using bitcoins is not it's high/low price, but rather fluctuation.
Fluctuation happens because too many speculate it and not trade with it (well.. currency trading is also trading..) And I would say this is totally expect-able and acceptable.
With time if this technology will prove itself, it become major online payment method. And believe me - work on this project is very active right now. All this investing mumbo-jumbo is just a random noise...