As long-term Bitcoin community members we
have viewed the last few weeks with a mixture of trepidation and excitement. Having
sold our products and services for BTC over the past year we have found that
although there is a substantial amount of Bitcoin out there, there is still not
a vibrant market in exchanging them for goods and services. In our humble
opinion, if there was more trade in BTC, there would be a greater stability
within the market. However, we have watched as frustratingly the majority of Bitcoin
activity has been funneled into speculation and playing the market. This
alongside the hoarding/saving that a lot of miners have engaged in, has lead to
very little being spent on actual commodities. Now, however we hope that people
will start to see that the currency is much better suited to its original
purpose. Perhaps another cryptocurrency will emerge, which is innately better
suited to speculation, but in the meantime, we hope that people will start to use
their Bitcoins for more and more transactions.