589 karma · joined September 18, 2013
They are only illegal in the US if they allow US citizens to participate, and the majority ban US citizens. So I think you have it backward.
So small it will take you 20 seconds to count on an Abacus.
Restore pinned status to tabs.
A lot of it is worth it. Some of it is not. Time is not the only thing of import in this life, just ask any prisoner living a life sentence if he thinks he's lucky for having all that extra time.
I believe in Crypto, I believe it has a future and its need in this world. If you don't that's ok, stay in the side lines getting grumpier and grumpier as time passes.
Cryptocurrencies are not mutually exclusive, this is not Highlander, there can be more than one. Look at Ethereum, already at half the market cap of Bitcoin and it hasn't affected Bitcoin's price in the least. What Bitcoin has over the others is wide adoption and mind-share. Smart money will diversify regardless.
What they fail to realize is that these linear charts plot a $5 change the same distance when Bitcoin is $10 as when Bitcoin is $4000. Yet for Bitcoin to go up to $15 when it was $10 it had to increase in market cap by 50%. For bitcoin to go up from $4000 to $4005 it doesn't need jack squat, it's a rounding error.
A better view of Bitcoin's price is in log scale. Here you can see that the growth is steady: http://i.imgur.com/R9yQ8Dk.png
There is nothing special happening now, as there was nothing special when it went from $5->$10, $50->$100, $100->$200, $500->$1000, $1000->$2000. People just want them, and they are a finite resource.