my hope for bitcoin is that it crashes hard and scares the speculators away for a long time and then that people actually start using it

Feb 25, 2014 · 2:40 AM UTC

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Replying to @sama
@sama Bitcoin days numbered? Would appreciate your take on my post digitalhello.com/2014/02/25/…
Replying to @sama
@sama It's not the currency, it's the peer-to-peer ledger protocol that matters. Bitcoin-inspired payments here to stay. Totally agree w/u
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Replying to @sama
@sama Most people at Bitcoin meetups in London don't understand the protocol, its used & are speculators. It's an unhealthy community
Replying to @sama
@sama @Bitcoin_Watcher - I'm with you Sam! The key is the adoption rate. Watch bitpay and coinbase stop growth to monitor.
Replying to @sama
@sama it'd hurt the confidence of current "users" and cause them to stay away, no? I see what you're saying, but a crash might not be it.
Replying to @sama
@sama maybe correction + return to the mean
Replying to @sama
@sama @octal The former seems quite likely. The latter, I'm not so sure.
Replying to @sama
@sama How hard is "hard"?
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Replying to @sama
@sama that will never happen just look at the bitflow. If you have some time you can trace the trns. & see that its very centralized.
Replying to @sama
@sama @jejansse you mean that we can buy shitloads for no money, right?