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I have to laugh at any attempts to present BTC as in any way appropriate for trade or commerce. The only thing remarkable about bitcoin is that the cryptography
by trotsky 15y ago
I have to laugh at any attempts to present BTC as in any way appropriate for trade or commerce. The only thing remarkable about bitcoin is that the cryptography aspect is so appealing to a segment of the population that may not have been exposed to penny stock scams or ponzi investment schemes in the past.
Check out this trading chart for the BTC/LRUSD pair (liberty reserve): http://www.bitcoincharts.com/charts/bcLRUSD#permalinkbox http://www.bitcoincharts.com/charts/bcLRUSD#permalinkbox
April 7th: 0.60 BTC/LRUSD
April 19th: ~1.17 BTC/LRUSD
Yes, that's right. It doubled in trading value in 12 days. Sounds like a real candidate for meaningful transactions to me O_o