[grania]

bitcoins, litecoins, peercoins...

Why does Enron keep popping up in the back of my mind?

I remain cynical that one can just make something out of nothing and decide that it's money. PT Barnum would be impressed

[canuck_conservative]

I remain cynical that one can just make something out of nothing and decide that it's money.

Ummm .... isn't that what "paper money" is?

The real value of that piece of colored paper is a fraction of a cent, but everyone agrees that it has a value of $20 - $50 - $100, whatever, depending on the ink on it.

As long as people support any "currency", it will have value.