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Bitcoins apparently mean something to someone. Including the exchanges that exchange them to fiat. So stop using this circular argument.
by kensai 9y ago
Bitcoins apparently mean something to someone. Including the exchanges that exchange them to fiat. So stop using this circular argument.
- vannevar 9y agoDid you mean this as a response to my comment or someone else's? I was agreeing that Bitcoins mean something to someone, so I don't get the 'circular argument' reference.
- kensai 9y agoI misread your comment indeed. And I agree that it has not the best currency characteristics. But indeed, I concur with you, if something means something to someone (even if it just were fancy pebbles), then it can be put to a price higher than its real price. A symbolic price might actually be a powerful one.