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<p>[QUOTE=&quot;HawkeEye, post: 2753786, member: 86305&quot;]Thanks for your post and it does help clarify a thing or two.&nbsp; To me the most interesting issue is price.&nbsp; Historically currencies don&#039;t have prices like stocks, and while the might have exchange rate fluctuations based on world events, they are largely stable for all the reasons discussed.</p><p><br /></p><p>But if Bitcoin is limited in number and can fluctuate based on supply and demand then to me it fails any currency test, electronic or otherwise.&nbsp; Also as discussed, if the primary use is the movement of illegal or untraceable money then the demand is being created by those outside the law.&nbsp; I assume the need to move money illegally exceeds the supply of units capable of carrying that transaction, thus prices rise.</p><p><br /></p><p>While the concept is interesting, the lack of stability is a downfall in my books.&nbsp; With a limit of 21 million Bitcoin, and commerce being unlimited, competitors will emerge if governments don&#039;t shut it down.&nbsp; When the competitors emerge the supply may equal or exceed demand and more classical econometric forces come into play.&nbsp; At that point it seems to me that the price drops precipitously.[/QUOTE]</p><p><br /></p>

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