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The Mtgox hack has kept BTC prices fairly depressed, but in my opinion that is a good thing. There was never a good reason to build something around the BTC cur
by 3pt14159 15y ago
The Mtgox hack has kept BTC prices fairly depressed, but in my opinion that is a good thing. There was never a good reason to build something around the BTC currency before because it was going up so fast that you were better off billing a client half your normal rate, convert it into bitcoins and end up with 4x the money in a month or so.
Hopefully BTC will see some medium term stability around the 10 to 20 mark while actual, usable clients get made, and actual stable markets get setup.
(Disclosure I own a nontrivial, although nonmassive amount of bitcoins, but I've broken even by selling some while it was over 30)