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by implr 4848 days ago
For those who haven't noticed, a single bitcoin is worth almost 47 dollars now, over 30% more than two days ago: http://bitcoincharts.com/charts/mtgoxUSD#rg5ztgSzm1g10zm2g25...
3 comments

I really wish it would crash already. I don't feel comfortable buying any right now for day-to-day purchases because the crash has to be coming.
... and, back to $34.
and back to $43

this is not a market for weak hands.

This scares me in ways I don't understand. I feel like I just looked at the price not too long ago and it was $26.
A sucker game. Get them, but do not buy them.
Note to anyone who's designing cryptographic currency 2.0: stabilize the price next time. It doesn't have to be tied to USD but it should be tied to something. Control over the supply automatically gives you control over the price, you can peg to whatever you want.

Global GDP futures perhaps? It would be interesting to have a currency worth a particular percent of global output.

That part of the point of BTC though, AFAICT - no price control, no supply control.

It appeals to libertarians for this reason. Doesn't appeal to me because I like stability in my currency and am happy to have central authorities that try to ensure that, but it appeals to libertarians.