Bitcoin action, page-2

Now Bitcoins are on special but they won't be in five years.

I'm sure you're right. As the new supply dwindles to a trickle at the same time as mainstream bitcoin take-up accelerates, its not hard to see what will happen.

Its funny how some see bitcoin's fluctuating value (in $US) as some sort of negative. But the value of any currency fluctuates in exactly the same way. Eg, in 2000 $US1 would buy 52 Zimbabwe dollars (I know, I was there), now one US dollar would buy billions of them.

Ok, so that's extreme, lets look closer to home. In 2001 one US dollar bought two Australian dollars, (know, I was there and I live here).

So doubling or halving of regular fiat currency is as normal as peas in a pod. So what's the big deal about bitcoin's changing value?

I've been going to New Zealand regularly for thirty years. In that time the $A has been worth as much as $NZ1.70, and as little as near par.

Once the GP are in on the secret of how easy it is to use bitcoin anywhere, there will be a massive expansion of its use. The banks will try their hardest to hold it back, but they have no chance, the genie is well out of the bottle.