28 May '13, 10pm

Speculative Bubbles: Unexplored Opportunities in Bitcoin Development via @BTConomist #bitcoin #nohoa…

It’s no secret that bitcoin miners pay, on average, less than 5 dollars to generate a single bitcoin (that is, of course, if they don’t rely on the legacy mining rigs to generate those bitcoins). We can also expect that speculators will continue to treat bitcoins as GOLD 2.0 investment, thus bidding up the BTC/USD exchange rates well above a miner’s average cost. As you can already see, there’s a great opportunity to explore here, thanks to our passionate speculators. Here’s a best-case scenario: A bitcoin miner decides that he’d like to send flowers to a girl of his dreams (or maybe even to his wife), and luckily for him, there is a local flower shop that would gladly accept BTC as a form of payment. But, instead of relying on the speculative exchange rates, the flower shop decides to price the flowers according to what he feels would be a fair trade, say 10-20 percent ab...

Full article: https://bitcointalk.org/index.php?topic=218702.0

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Quote from: therustytrombone on May 30, 2013, 01:44:56 AM Your rhetoric sounds like someone on investorhub.com forums pani...

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