yvishyar

I have been waiting for the security audit report since the first time it was mentioned. Now that it is out i feel a little disappointed that there are no real intentional risks

If you cannot convince your point rationally, you bring a analogy into picture prove a point and then you conclude that since my point is proved in analogy my original theory is also proved. http://en.wikipedia.org/wiki/False_analogy

someone has got to tell krugman about this.

the price is up because the miners cannot sell at prices lower than this as the mining difficulty has gone up immensely...same as gold...if you have to do sophisticated digging then you will do it only when the price of digging is less than the price of gold...it will only go up more if the mining difficulty continues at the same pace

In a decade it amazon has raised the minimum order by $10. Given that Amazon is a pure data driven company, we can guess this is the inflation cost which turn out to be 3.4% as per US Gov data the inflation for last decade is 2.29%

I would rather believe amazon than the govt

I think you have made this up.

the first transaction to this address happened yesterday, do you think the FBI waited for the whole world to know about the DPR arrest and then started seizing the bitcoins. I think it was you who after learning about the news items started making these transactions.

Congratulations on having such a huge number of bitcoins by the way

Bitcoin is a currency and currency is a medium to exchange goods, there is no value in a currency if it not used as a medium. The VC know this better than anybody else. When they are investing in bitcoin related companies it means they are betting on the fact that bitcoin as a currency will gain traction. Bitcoin is not an investment to be invested. This article has been written not knowing the basic premise behind bitcoin. Thankfully the VC's are not like that.