re: My faith in Bitcoin just went out the window

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and before you try, no, the much higher price of BTC relative to the last time we discussed it is not evidence of it's legitimacy as an alternative currency. It is actually evidence of the exact opposite. It's doing exactly what i said it would do. more and more people are buying them and not using them, they are buying them and hoarding them with the expectation that the price will go up - and everyone hoarding them results in exactly that. until it stops going up, everyone jumps off the bandwagon/panics/etc, and bitcoin turns into the currency version of beanie babies and every other bubble overnight.

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