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Here come the naysayers. >What is a fake coin in your electronic wallet truly worth? How much is the piece of paper in your wallet worth? Maybe bitcoin will

Here come the naysayers. >What is a fake coin in your electronic wallet truly worth? How much is the piece of paper in your wallet worth? Maybe bitcoin will burn and crash or maybe it will be a million dollars a piece. We don't know. People are buying bitcoin and that is driving the prices up. South Korea has been the biggest buyer of BTC (perhaps fear of NK?) Don't confuse the value of a cryptocurrency (Bitcoin) with companies that are riding it's wave

hartator 9y ago
Gold still holds value across centuries. A legionary from the Roman empire will be making $40k with his pay from back in the days. A key to a hash will be worthless in the future, specially when SHA2 will get broken.
colechristensen 9y ago
The piece of paper in my pocket is backed by the full faith and credit of the United States, an institution that has kept that faith for 241 years and that has the faith of the world. The planet is absolutely full of greater fools that have, do, and will continue to value the dollar. That "fake coin" in my electronic wallet is backed by algorithms. The greater fools giving it value are and have been, as far as I can see, excited mostly by profiting on the speculation of it. Who actually uses bitcoin outside of trying to profit from the bubble or just for the novelty of using it? The dollar is backed by the wealth and economy of the nation, the coin exclusively by greater fools and it's rarity.