Serious question - How can currency survive when no one will spend it bc seen as investment? Needs to find equilibrium for long period?
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Kris, great question. I have never truly seen Bitcoin as a currency. I see it as a long term wealth preservation system.
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Brian, any projections?
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Sterne, thanks for asking! I never stopped mining, never turned off an "inefficient" miner. I see it going past $1m us / at some point.
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Some projected Bitcoin to $1 millions USD per coin in 20 years in 2011 and accumulated/mined 100s coins...