OMG! Thief! They're takin' our jerbs!!! err.. bitcoins!
Sarcastic fear aside, it struck me again how smoothly this has gone. Here we have 100 virtual strangers who've made a promise in an anonymous forum to make a purchase worth $200-$4000+, a promise that 95% of have followed through and immediately paid up. I don't know how many of you have tried this before in other group buy contexts, but that just does not happen.
We're also collectively trusting two other virtual strangers with the equivalent of $100,000. Next, we're trusting a tiny, relatively unproven company to deliver us an in-development product that nobody outside that company has ever seen function. We do this knowing that even if things go incredibly smoothly with manufacture/delivery, and the difficulty ramp is better than expected, none of us will see our ROI for at least 6 months, likely longer.
Pundits on either side of the 'will bitcoin last' argument need look no further.