> For anything more than a pack of gum you probably want more than one confirmation as well Actually, if it's a trusted partner, 1 confirmation is enough. Hell

> For anything more than a pack of gum you probably want more than one confirmation as well Actually, if it's a trusted partner, 1 confirmation is enough. Hell, if it's someone you do regular business with, 0 confirmations may even do it. Businesses that regularly transfer thousands across borders could do use this to settle transactions every night. > There's no reason that has to be Bitcoin. There's no reason it doesn't have to be Bitcoin. > global DDOS vulnerability, You can't DDOS the network since it's so far spread out. > history of Bitcoin companies either fleecing customers or getting fleeced by hackers means it's going to be a long road. There is an incentive to scam your users and for your company to be attacked. You get money immediately by just packing up and running or attacking a company that holds customer funds. > You specifically said, "Before everyone has one." Yes, the best time to purchase Bitcoin if it's in your "list" would be before everyone has one. > early December 2013 There was only one Bitcoin sold at the high price of 1024. Current price is 700ish. Once we pass that 1024, there will be no time where it was a bad time to buy bitcoin. > wouldn't preach this as a long term investment recommendation to anybody. Depends on your definition of long term. I consider mine to be 5-10 years but I'm less risk averse than that the average investor.