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To: TsonicTsunami08

Someone is going to have to increase the Bitcoin supply beyond its current limit.


2 posted on 01/19/2014 9:33:10 AM PST by Paladin2
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To: Paladin2

I would be in the debt of anyone who could explain too me how a Bitcoin derives its value, other than some people think it has value. Near as I can tell the dollar is based on the same idea, it is worth what someone thinks it is worth or will in the future be worth, so why is Bitcoin any different from the current stupid system?

Would I want to purchase Bitcoin purely for its upside? Appears to me it is just another bubble created to fleece the slow learners among us. Be in your debt if you could tell me how a bunch of organized electrons with a name has some inherent value. Hell you can’t even run a canopener on a Bitcoin. No practical value that I can see be glad to be proven wrong, reminds me of Beanie Babies, or Cabbage Patch dolls. Help me to understand, please.


3 posted on 01/19/2014 9:51:42 AM PST by Foundahardheadedwoman (God don't have a statute of limitations)
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To: Paladin2

They are fungible to 8 decimals, no need!


5 posted on 01/19/2014 10:30:59 AM PST by TsonicTsunami08
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