To: Star Traveler
Bitcoins have value because other people think that they do.
6 posted on
12/02/2013 8:37:06 AM PST by
Bubba_Leroy
(The Obamanation Continues)
To: Bubba_Leroy
Bitcoins have value because other people think that they do. Federal Reserve Notes have value because other people think they do.
/johnny
To: Bubba_Leroy
They’ll have value as long as there is confidence that the next guy will accept them in exchange for a desired good or service.
10 posted on
12/02/2013 8:40:44 AM PST by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Bubba_Leroy
You just defined ALL money.
60 posted on
12/02/2013 8:08:40 PM PST by
Kozak
("Send them back your fierce defiance! Stamp upon the cursed alliance! To arms, to arms in Dixie!)
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