[increment_i]

Looks like people have already started buying the dip.

I've found the recent discussions around BTC and cryptocoins on this forum incredibly illuminating, from both the bulls and the bears.

I'm beginning to think perhaps there's no point in discussing the fundamental financial flaws of cryptos, or their lack of inherent value. I'm beginning to think their main utility in is meeting a human need that's existed since antiquity - the need to gamble.

As long as a solvent exchange remains, and another ready to come along when it fails, there will always be large numbers of folks entering the casino.

Perhaps the only thing that can stop it now is strict government regulation.

[mrhappyunhappy]

Most people here seem to be completely oblivious to the movement behind Bitcoin and what it means for the world as the antiquated financial systems are replaced with people in control of their own money. The fact that everyone is so fixated on price shows the lack of imagination and forward thinking about what is coming. You call it gambling, we call it being ahead of the curve when the rest of the world only wakes up. I've come to believe the HN crowd for the most part cannot comprehend what is about to happen to our financial, political and technological world. Entire industries are being revamped while the hackerpeneur is blinded by Bitcoin fog. You are correct, there is no point in telling a banker he is about to be unemployed.

[chii]

The state will never let its power to control its currency go.

if (or when) Bitcoins become so ubiquitous that it poses a threat, it will just be out outlawed in a way that still protects Fiat.