The evolution of the cryptocritic slowpoke:
"Bitcoin will never be worth more than a few cent".
=> 2011: $32
==> "Ha! Price dropped from $32 to $2. Bitcoin is dead!"
===> 2013: $260, $1100
====> "Ha! Price dropped from $1100 to $200. Surely now Bitcoin must be dead."
"Nobody has any interest in using Bitcoin"
=> Network grows exponentially, 5 years in a row
==> "Okay, nobody other than a few nerds and libertards is ever going to use or accept Bitcoin"
===> Microsoft online, Overstock, Dell, Newegg
====> "They don't really accept Bitcoin, they convert most of it to USD immediately. Big money despises Bitcoin."
======> $75 million investment in Coinbase, by New York Stock exchange, among others
=======> "They don't actually think Bitcoin is useful or is going to stick around. Didn't you know the only guys who made money during the gold rush where the sellers of shovels?! That's exactly how they see Bitcoin."
And so on, and so forth.
There's a big premium to be had in this market, and you guys are the reason. Never change, please. ^_^
"Bitcoin from $2 to $1100" - Brought to you by Mark Karpeles in collaboration with Ross Ulbricht.
Microsoft, Overstock, Dell and Newegg accepted bitcoin because they knew that they were reaching its unique user-base. DUH! More customers, especially considering that bitcoin's userbase is most made out of techies, meant more potential for selling their products. DUUUUH!! If there was a currency with a pretty decent user-base named BangYourDeadGrandmaCoin, i'm pretty sure they would have accepted that too.
Regarding Coinbase, it could easily dump this World of Warcraft: Wrath of the Lich King unusable virtualtulip currency and replace it with more potent ones that i'm pretty sure they are being developed as we speak. Currencies that will bury this one like what Facebook did to Hi5 and Myspace.
Also, "The $75 million funding round is believed to value the company at $400 million, though this couldn't be confirmed." These fucks can't wait to transform companies into bubbles like Instagram, Oculus Rift and Whatsapp so they can EXIT and make a shit ton of money.
Stop with this fake confidence, goofy boy. Bitcoin's name will be milked till it will enter its Sterling Deluxe Stainless Steel Coffin (maximum 2 years) and then a new shiny improved coin will replace it as easy as saying "BAGHOLDER"
+1 wisdom words.
