You're gonna end up with an exchange market and a physical market just like gold has. The physical market is the market you want to be in (and for goodness sakes, find a Bitcoiner and talk about what goods or services they need so we can create an opt out economy)
Good counter arguments in the comments. Although this is happening to an extent, it can only last for so long.
Fantastic thread, though very depressing. I was a gold bug in the 80's and 90's and saw this firsthand. I hope bitcoin doesn't suffer the same fate.
You're gonna end up with an exchange market and a physical market just like gold has. The physical market is the market you want to be in (and for goodness sakes, find a Bitcoiner and talk about what goods or services they need so we can create an opt out economy)
This isn't a guide to selling 42 million BTC, this is a guide to selling 42M corn IOUs.
Get your corn off exchanges.