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Re:Bitcoin exchange rate reached $100 USD per BTC by oleganza on Monday April 01, 2013 @10:35AM (#5473236)
So who and when is going to get out? And out where? To fiat currency that is controlled, inspected, can be frozen, taxed and stolen? Bitcoin grows like crazy because it is a money proved to work. It survived exchange hacks, stolen wallets, viruses, user mistakes, network-affecting software bugs and government seizures of bank deposits. It allows you to hold something in your pocket that nobody knows about and you can split it in 100 pieces and send to 100 people in different countries in a matter of seconds.

Bitcoin is not a promise of future delivery. Like William Gibson said, "The future is already here — it's just not very evenly distributed."

Re:Bitcoin exchange rate reached $100 USD per BTC by niggler on Monday April 01, 2013 @10:38AM (#5473263)
"Bitcoin grows like crazy because it is a money proved to work."

Bitcoin grows like crazy thanks to various entities of increasing credibility building an ecosystem around BTC. Like Coinbase, which I'm sure is why a lot of people here got into bitcoin.

Listen for about 30 seconds of https://www.youtube.com/watch?v=0UKC7iaBKvs#t=830s

Re:Bitcoin exchange rate reached $100 USD per BTC by codehalo on Tuesday April 02, 2013 @01:29AM (#5477842)
Coinbase is a fucking disaster.
Re:Bitcoin exchange rate reached $100 USD per BTC by rmc on Monday April 01, 2013 @10:57AM (#5473410)
you can split it in 100 pieces and send to 100 people in different countries in a matter of seconds.

No, a transaction can take from 10 minutes to an hour to complete. You may have to pay a percentage to do that aswell.

Re:Bitcoin exchange rate reached $100 USD per BTC by oleganza on Monday April 01, 2013 @11:04AM (#5473464)
If they trust you, it's a matter of seconds. And anyway, try to do that in 20 minutes with gold.
Re:Bitcoin exchange rate reached $100 USD per BTC by paulgb on Monday April 01, 2013 @01:34PM (#5474549)
If they trust you, they can do it with gold too. "I owe you an ounce of gold."
Re:Bitcoin exchange rate reached $100 USD per BTC by oleganza on Monday April 01, 2013 @05:32PM (#5476070)
They need to trust you for 10-20 minutes before confirmation, not forever like with borrowed piece of gold.
Re:Bitcoin exchange rate reached $100 USD per BTC by TylerE on Monday April 01, 2013 @10:37AM (#5473256)
It'll be proven to work when you can pay taxes and buy groceries with it.
Re:Bitcoin exchange rate reached $100 USD per BTC by AdmiralBeotch on Monday April 01, 2013 @04:31PM (#5475716)
Pay taxes and other government debts here: http://www2.egovlink.com/press-release-bitcoin.cfm

You can already buy food at a couple places in Vegas where I live.

Re:Bitcoin exchange rate reached $100 USD per BTC by joonix on Monday April 01, 2013 @01:35PM (#5474564)
Kind of a ridiculous comment. I would buy groceries for someone and deliver them if they gave me 1 Bitcoin. I would also hand them my homegrown vegetables for a Bitcoin.
Re:Bitcoin exchange rate reached $100 USD per BTC by chii on Tuesday April 02, 2013 @08:39AM (#5478898)
sure, you (and comparatively a minor number of others) would.

But as a society, bitcoins is still not an accepted form of exchange in general.