the silverbox update (comparison from the beginning of this thread, March 13th, 2012, gold=1690, nasdaq=3055, Bitcoin=5.4):
Bitcoin is 309.00 (299.45 btcChina in USD). Gold is 1296.40. Nasdaq is 3886.00
Bitcoin: 5622.22% (5445.30%)
Gold: -23.29%
Nasdaq: 27.20%
Gold Diff:
7360% advantage BitcoinNasdaq Diff:
4399% advantage BitcoinEPIC! Sorry for the delay... just returned from india
Cypherdoc used to talk about adoption driven by price rise, now with the price rising, I am starting to see how this could make sense, in a new way.
I am inspired by the Oz Tomcar company which recently started accepting Bitcoin, the reasoning being: a lot of merchants will conclude from the price performance of Bitcoin, that there must be quite a few people getting rich with their Bitcoins out there, and want to cater to their needs(even one single order could be big for them!), this, combined with the fact that the setting up for accepting Bitcoin costs only trivially, and the potential publicity brought by such a move, could motivate lots of merchants to jump in the bandwagon.
Just check out the ads on bitcoin charts... a year ago they were VERY different!