CrunchyJams

bitcoin.org and the SecondMarket Bitcoin Education Center (https://www.secondmarket.com/education/learn/bitcoin-educati...) are great resources

Bitcoin is definitely still too volatile to be a reliable store of wealth, but this is related to the exponential growth of the bitcoin network, not the volatility of the currency itself.

It's not an exact science since no one knows future network increases, but you can see a detailed view of the thought process around that question here:

http://thegenesisblock.com/at-this-rate-the-last-new-btc-wil...

Coming up next: TSA searches homes of everyone who books a coach ticket before they're allowed to depart for the airport.

what kind of faster miners are you referring to? ASIC is the best available technology

They certainly seem less beholden to whomever the mainstream media is trying not to upset.

Sort of. Arb means risk free and cost free gains, so this could still count. Lower liquidity could be considered a risk, but some people would take the gains and not care about immediately cashing out, esp since you could trade back to BTC once prices normalize and cash out on the alternate exchange before the withdrawal hiatus is even over.

The bigger issue is the funding costs across exchanges, but the fact that it goes down between events signals that arb-neutral differential is lower than during the event-driven spikes he points out.

My favorite part is when he didn't say how or why

It's not a low risk asset. It's an alternative asset that for the last few months has been used in risk-off periods. There's a difference. Judging by the last sentence of the article, I don't think he expects it to continue trading like that.

You'd really think it would move opposite USD. That correlation is ridiculously high, even over just two months. Can't imagine it lasts forever.

Solid article. If you like that, you should read Four Hour Workweek. He outlines a full plan for how to stay productive while globetrotting for months at a time.

JM is the honey badger of the tech world. If you don't know the story of his self-led espionage, check this out:

http://arstechnica.com/tech-policy/2013/01/the-bizarre-tale-...

Didn't they used to have global nodes info? What happened to that site?

It probably won't go on forever, but at this point there's three years of the trend and only a small fraction of the globe has even heard of bitcoin. Would be surprised if network hashrate didn't grow like it has been for the foreseeable future.

Butterfly is already shipping and Avalon is coming soon. This seems unlikely to be a worthwhile price for these given the b/e period.