07 Jun '13, 1am

Is This the End of the "Experiment?" #bitcoin

Wow. So, Bitcoin is 98% speculators and 2% users and thus not worthy. But Ripple is better, because it's 99.999% speculators and 0.001% users, hug? My friend, you drank the OpenCoin marketing Kool-Aid. You think Bitcoin hit its adoption plateau because it has stopped appreciating by 5% per day? Let me tell you a tale of 2011, after the first bubble occurred. Not only did growth stop after that first burst, but Bitcoin usage declined markedly. Nodes fell precipitously. The sentiment was dismal. Six months of hell it was, with all the people declaring Bitcoin dead because it had stopped appreciating. You think there weren't alt-coins back then? And you think there weren't hucksters extolling the virtues of those alts? "Bitcoin is the coin of yesterday! It's clearly failed! NewCoin is the coin of tomorrow! Come friends, join me on Bitcoin 2.0!" "But Ripple is different," you ...

Full article: http://www.thebitcointrader.com/2013/06/is-this-end-of-ex...

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