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To: djf

Just what the hell is this “bitcoin” stuff?

Seriously, how can you make value out of thin air?


4 posted on 02/19/2014 6:05:22 AM PST by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: the OlLine Rebel
Seriously, how can you make value out of thin air?

Same way the centralized currencies do, make it secure and relatively scarce. Bitcoin is designed for fraud prevention without centralized control, plus designed to prevent inflation (same design for both features)

6 posted on 02/19/2014 6:08:16 AM PST by palmer (There's someone in my lead but it's not me)
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