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Comment Re:Why anyone would think this is a good thing (Score 1) 339

Right. But my point is that if spending is shown to increase globally (which it is), we can infer that the remaining volume of bitcoins that are hoarded is diminishing (volume = number of bitcoins multiplied by frequency of transactions). Also, you need to realize that the ultimate goal of hoarders is to sell at some point in the future, in order to realize a profit. Therefore there is always going to be some amount of bitcoins available for purchase if the exchange rate continues to climb. See : the sell orders smoothly cover a price from $30 or so up to trillion of dollars. Therefore "lack of liquidity" is never going to be an issue - the exchange rate is just going to climb and entice some hoarders to sell.

Comment Re:Why anyone would think this is a good thing (Score 1) 339

Of course they're being hoarded.

On the contrary, all the economic indicators point to the fact that, globally, Bitcoin spending is increasing: Perhaps people are uncertain about Bitcoin's future, or are plainly irrational, hence they still spend bitcoins despite knowing about deflation.

Comment Re:Who cares, the mining game is over anyways. (Score 1) 600

Multiple errors in your post.

The Bitcoin difficulty has never been bumped up by ASICs, because ASICs have not yet been released. They should come out in December/January.

Mining is still profitable today. I am still making money with GPUs (a little), and with FPGAs (a lot). Even after the halving due tomorrow, my GPUs will still make money. It is all about electrical costs. If you pay less than $0.20/kWh, a HD 7970 can still make money. Worldwide average is $0.10/kWh.

ASICs are not expensive at all. The most power efficient ASIC vendor, Butterfly Labs, have ASICs starting at $149:

Comment Re:Governments can't inflate the currency (Score 3, Informative) 430

You are wrong. The "hoarding" argument has been beaten to death. Current evidence shows that people are NOT hoarding the coins: every day, 40 thousand coins change hands on the single largest exchange: This is six times the number of coins created daily by the network (7 thousand).

In other words, people are not hoarding them, but are trading them very, very frequently.

And this is just measuring MtGox's volume. Other trades (merchant sales, other exchanges, etc) are likely doing even bigger volume...

Comment Re:now called 'low-energy nuclear reactions' (Score 1) 556

I give up. I gave you links from multiple independent research groups who show something needs explaining but you keep ignoring them... Read again from Thermacore, the CERN, Piantelli, Focardi, the Italian ENEA (equivalent to the US Dept of Energy). All are linked from You have to read the research papers yourself and then make up your own mind.

Retirement means that when someone says "Have a nice day", you actually have a shot at it.