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Comment by eof | Hacker News Reader

i love this

     this is just another reason why bitcoin will not work

5 years later; several orders of magnitude later, so many arbitrary "milestones" met (parity with dollar, can i buy airplane tickets with it?, well we'll see when the government recognizes it)

when do you decide that bitcoin 'works'? i mean; it is absolutely undeniable 100% certainly no-matter-what-you-say currently working RIGHT NOW; the mental dissonance around bitcoin naysayers is becoming hilarious

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Size of the current bitcoin economy is "just" $8bln. While it sound like a lot of money, comparing to the rest of the economy it does not even qualify as a pocket change.

So it's definitely worked well enough to create an 8 billion dollar economy?

I was a naysayer until recently. After the senate hearing, I ate crow. Too late to profit at this point though :(

I'm not sure that's true.

What is your price target, if I may ask?

7,000 USD within five years.

More likely to be within 2014 at this velocity and no reason to think it won't be S curve adopted.

one that could turn into a 8 million thing in a day when the speculators stumble and the bubble bursts.

It is larger than more than half of the world's currencies: http://coinometrics.com/bitcoin/bmix

"can i buy airplane tickets with it?, well we'll see when the government recognizes it"

Yes, you can! An air travel agency announced today they started accepting bitcoin (cheapair.com): https://news.ycombinator.com/item?id=6784265

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