As long as real world money has to get into it to get bitcoins, bitcoins are just another substitute for gold of which there isn’t much either.
Bitcoins arent a currency there like shares, perfectly set up to be a bubble and eventually crash. They have an arbitrary, artificial limit. The idea completely misunderstands what a currency is. The way the bitcoins are made is a complete recipe for a few to get very rich(as long as they get out before it bursts). Its not a good substitute for gold at all, at least with gold you have something of some kind of value at the end.
Its not an efficient means of exchange. I dont know what they are supposed to be used for, but its not going to be as some kind of internet money.
You can see with all the talk on here. The talk isnt about what you can do with it, but about the value of them and how they can only ever go up. Its blatant bubble talk.
There seem to be enough online stores supporting bitcoins so there must be something about them that these companies trust bitcoin to allow payment in bitcoin.
https://en.bitcoin.it/wiki/Trade
Thats not surprising where there are profits there are companies, it doesnt mean they trust it. It would be interesting to see how much actual use and trade with it there is though. Most of these companies are probably accumulating the Bitcoins so they can play the deflationary game.
You wanna bet? Because if you know that it will be a bubble.
You could earn some really good money on it. Just buy some Bitcoins now and sell when they are higher.
Oh, wait. That might stabalize the value of the currency…Hmm, no better not do that.
Than your prediction might not come true…
Let me ask you this?
By what time will Bitcoin be dead? In 1 year? 5-10 years? 100 years? 200 years?
If thats so you are saying that its ok to use Bitcoin until 5 to 10 years.
In that case, thanks for the advice.
And how come it will collapse by than? Because it has gone up in value?
You mean unlike all other currencies that has died because they go down in value?
Bitcoin will die because it goes up?
And if it dies, it must had been a scam?
Because commodities that go up in value are scams?
Google stocks? Playing the deflationary game?
Art? Playing the deflationarys game?
The avarage lifetime of a fiat currency is 27 years.
Why? Because they are printed to death. Are those a scam?
How come I dont hear you say fiat currencies are a scam?
Answer: Because you pretend to know what you are talking about…
Acctually. How is it a scam?
Is it a scam because the currency can go up in value?
If so are stocks a scam?
People who create a company such as Facebook, are those stocks a scam?
Because the owner, has most stocks and controls the company, and he might sell them and crash the market?
Is he a scammer?
Oh I hear you, dont take any Facebook stocks.
Its a scam because the biggest owners will crash the market.
I guess by that you certainly must go around telling people that stocks are a scam…
Difference though is that with stocks, the owner will allways profit. Not so with a Bitcoin.
Once someone use a Bitcoin, the value of that coin is transfered to that other person.
Who is scammed in that scenario? The one who sold the coin and it goes up in value?
The one who bought the coin and it went up in value?
Is that person that out of free will accepted the Bitcoin scammed?
Because he now holds a currency that by design should increase in value.
Its not a certainity, but I bet that person knows that and if he knows that and is willing to take that.
Is that a scam?
Is he scammed if he bought something for it just two years later?
But what if he keeps it and use it in 30 years. Is he scammed?
Where is that line?
Sorry, but there is no line.
Its simply a currency and currencies goes up and down in value.
(Or well, all the worlds 147 goes down, down down…) But thats great, because that means you will lose your value to
those who prints them out of air.
But thats good.
Is reading a book a scam? Because you might spend time, reading it and in the end it was boring.
So you lost valuable time?
Time you did not want waste on a boring book. Time is money and eventhough it said on the book, it was going to be good.
So books are a scam?
No.
Was google stocks a scam?
Because they could go up in value, but might not? No.
Because the biggest owners can crash the market?
No.
Is Bitcoin a scam.
Absolutely not.
Sure it might fail and it will crash sometimes and it might recover.
But…It might not fail.
Its all over the world now…
http://www.weusecoins.com/globe-bitcoin/
And all those coders working hard, days and night improving Bitcoin, they are only doing so to scam everyone on this earth.
Because that what you just said.
But banks are not scamming people? By creating new money out of nothing and asking a interest rate on that money?
Unlike Bitcoin, they do not even have to have money.
To lend out money.
They just need to press a button. But thats ok?
Fiat Money Explained in 4 minutes or less
The person accepting the Bitcoin know perfectly well how Bitcoin works.
But everyone who accepts Bitcoins, just want to scam someone?
Thats just what you said. It cant be for reasons?
That Bitcoin is unlike any other currency in the world.
You dont know if banks print money and give it to their friends.
Those who have most money in the world.
Why would they do that?
Because they can print it out of air, for no cost at all…
And they can than lend out this money at an interest rate
lower than the one in a bank. So basically the loan was printed out of nothing.
But thats ok…
[b]Facebook founder Mark Zuckerberg’s ‘free’ mortgage loan for San Francisco mansion
http://www.thestar.com/business/article/1227121--facebook-founder-mark-zuckerberg-s-free-mortgage-loan-for-san-francisco-mansion[/b]
(Not possible with Bitcoin.)
As a designer I can tell you this:
There is simply no way to produce a free currency without designing it so that it should go up in value or keep its value.
Because not a single person would want a currency that is designed to go down in value.
If they had a choice between the two. Thats why FIAT must be enforced by law.
And if the value goes up. How can you be so sure, its going to suddenly drop to zero.
And what if it does not drop to zero?
The last drop went to $2. Bitcoin is now back to a stable $5 sorry $10.
So if I exchanged into 10 Bitcoins last year I can now use them again.
Am I scammed?
If I bought Bitcoins at $16 and trade them for something?
Am I scamming someone?
What if they go up to $20. Was I still scamming someone?
The real reason is. Its not a scam.
You are also saying that its not good because it should go up in value.
And that value will reward those who were early.
Well what stopped you from getting a few Bitcoins when they where at $2 a few months back?
Nothing.
What stops you from getting a few right now, when its still small and yet not even half the coins has been created…
Nothing.
Lets do a interesting experiment:
If 1% of all the virtual goods market used Bitcoins as a inbetween currency. Value would be something like $31.
If 1% of remittance was done in Bitcoins. The value of a Bitcoin would reach something of around $380.
Lets ad it up, Bitcoin value: $411
If 1% of whats invested into gold, gets invested into Bitcoins. The price of a Bitcoin could reach $600.
Bitcoin value: $1011
If 1% of gambling market used Bitcoin it would be $380.
Bitcoin value: $1390
If 1% of the estimated market for porn used Bitcoin, value would be around $50.
Bitcoin value: $1440
If Bitcoin was valued as much as Facebook stocks, value would be $4761
Bitcoin value: $6201
If 1% of the black market trade is settled using Bitcoin in 10 years. A Bitcoin would be worth: $9520
Bitcoin value: $15721
Now if 1% of the market for derivatives enter into Bitcoin.
How big is that market?
$1.2 Quadrillion Derivatives Market Dwarfs World GDP.
Thats a thousand trillions…
You do the math.
And who says it can only take 1%? Why should it stop at 1% of the black market?
This gives Bitcoin real longterm value, like in 5-10-20-40 years longterm value.
When will the last Bitcoin be made?
Yes, you and me will by long be dead by than.
And you think, that people will just dump all their Bitcoins 
People who know this, will never dump all their coins. There is no reason.
Thats a fail at understanding why people like Bitcoin.
And if its still here in a couple of hundred years?
It was still a scam?
You know nothing about payment solutions.
You know nothing about the history of currencies.
You did not know that, Switzerland is the most stable country because dual currencies.
What this?
Is that a scam? Because its not going down in value? Because it was not backed by anything?
Because it was not in a bank?
Answer me this.
Was the guy who sold a Pizza for 10.000 bitcoins scammed?
Yes?
How come I do not hear you say Paypal is a scam?
Since they go around freezing money…Is that not scamming people?
Good riddance, PayPal
Paypal would only release this guys money if he earned £15.000 pounds…Into the frozen account!
Well with Bitcoin noone can freeze your money…
But despite that Bitcoin is a scam.
What you are doing, is that you are making the common misstake of looking at Bitcoin as if it was the ONLY currency around.
But thats looking at the currency from a totally flawed view and I see even “educated people” fall into this trap all the time.
Bitcoin is not the only currency in the world. It most likely never will be…
This fact alone, makes that statement completely flawed.
Bernard Lietar. One of the worlds foremost currency researcher has research currencies, and his conclusion is that
a much better system would be one with multiple different currencies.
Because that lets people divide their risks and works more like real systems in nature.
And he is not talking about FIAT.
Because they all go down with around 1-7% in value every year allways and they are all printed by private owned banks.
Thats why the difference between them in buying power/value looks quite stable.
If you look from one apple falling down at another apple falling down next to it,
with the same speed. Without looking at anything else (buyingpower) Both will look like they are floating stable in the air.
Until they hit the ground.
Bernard Lietaer: Money diversity
Its much better with money, printed to save banks who created the current crizes.
A crizes making millions of people unemployed.
$7.7 trillion printed under the table.
This money was used to inflate the food price.
Barclays accused of making £500m out of hunger after speculating on global food prices
Read more: Barclays accused of making £500m out of hunger after speculating on global food prices | Daily Mail Online
But they say that the oil prices caused the current crash…
Guess what.
Was the petrol price rigged too?
Motorists may have been paying too much for their petrol because banks and other traders are likely to have tried to manipulate oil prices in the same way they rigged interest rates, an official report has warned.
Oilprices manipulated
High Oil Prices Must be Subject of Criminal Investigation
Michael Greenberger: Big banks and traders involved in a criminal conspiracy to raise oil prices
By getting new money out of nothing they can inflate a market. Than crash it.
As it crashes. They are saved…Keeping all the assets 
Pure win! Best system ever! (For bank owners.)
Since this means they now own allmost everything.
4 companies that own 147 companies that own everything
Guess which company is one of those? Barcleys…
Bitcoins make this much harder since its not printed out of air.
Its a non corruption system in that way.
I´m not saying to anyone they should put all their savings into Bitcoin. That would be crazy and it will make people panic if the value goes down.
I just think that Bitcoin is a great idea.
Just like…Eric Schmidt
Here is a great documentary that you should watch, there is a link to a short version.
Which is not as good. (There is also somethings wrong in it, but they get most of it right.)
FIAT currencies and Fractional reserve banking. Thats whats scary.
Will we Collapse by August 7th, 2013
Printed into collapse?
And what do you know of other payment systems?
Do you know if Bitcoin is a pull or push system?
Do you know the cost of transaction fees for VISA/Creditcards/remittance services?
And how they compare to Bitcoin?
If we do not consider that they are gaming their system…
Nice to pay that fee to the world richest, who dictate what you can do with your money.
No matter what laws your country have.
Do you know what a chargeback is? Or what the most common type of creditcard fraud is?
Do you now what AB thinks about Bitcoin?
Do you know what I refere to when I say hardness?
Do you know what the currency in the world that has been one of the worlds best currencies ever where used?
Do you know what kind of system, the city of London calls currency 3.0?
I dont think so.
Yet you boldly state that Bitcoin is a scam.
Thank you sir. For making that clear to us.
Yes, I do think the whole stock market is a scam and the banks are a running a scam system.
Perhaps the makers of the Bitcoin didnt do it as a scam but as an idealogical idea. But the result none the less is a scam. Just because it cant be printed out of thin air doesnt make it a good currency or make it safe. Nothing on this earth at least, can increase forever. Where people are involved they arent going to wait for 2140 to sell off their Bitcoins.
Bitcoins are scam because it benefits a few people, those whom were there at the beginning or whom have the most currency.
It is not a good currency as a medium for exchange that is equitable for everyone. We used to use wood for currency and it worked pretty well for quite a while.
It seems to work pretty well again in Greece where they have alternative trading systems
We have a Bitcoin Embassy in Montreal now, with a Bitcoin ATM.
Right next to the startup incubator, no less…
So… how many of you are filthy rich now?
Didn’t get filthy rich, but I did pay a few months rent and food for my family while I was in school by selling bitcoins I originally bought for $4.