Thread: Money Bitcoin Take?
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Old 12-16-2014, 05:38 PM   #123
Rausch Rausch is offline
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Quote:
Originally Posted by KC native View Post
Yea, except the same thing happened to Silk Road 2.

Bitcoin is a bubble. It is a good idea but has huge flaws that will prevent it from ever becoming more than a niche product for savvy internet users.

The hoarding is also one of the problems. If bitcoins were becoming more widely used then we would see transactions in bitcoins pick up. That's not happening. People are hoarding them with the expectation that they will go up. Since the market is thinly traded, they've been going up.
This is what I'm not understanding. I'm about as ignorant to bitcoin as a person can be, so be patient, but if there's a finite amount of it how will it ever become something everyone will buy/use?
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Originally Posted by rico
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