The value of a Bitcoin dropped by more than $300 on Sunday: http://t.co/BQndKD2IdR—
CNBC Newsroom (@CNBCnow) December 01, 2013
Today, some asshole posted a fake list of private keys attached to digital wallets. This deceipt caused the value of the currency to swing wildly (see above tweet).
Regardless, this belies the most important fact about Bitcoin, something many seem to forget in the hype surrounding the crypto-currency.
You see, Bitcoin is for payments; Not for speculators.
Already, the network supporting the currency is larger than Discover and fifth behind Amex, China UnionPay, Mastercard and Visa.