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Bubbles can last very long though, to a certain extent gold itself has been in a bubble for decades. The real advantage of bitcoin is a bit of a paradox. Prec
by simo7 9y ago
Bubbles can last very long though, to a certain extent gold itself has been in a bubble for decades.
The real advantage of bitcoin is a bit of a paradox.
Precisely because it has no value (and it's unsuitable as a currency) it can work as a pure game of musical chairs which can in theory go on indefinitely (technical limits aside).
- qubex 9y agoYeah, they can... I sure hope the cryptocurrency champion becomes some other “Generation 2.0” implementation that figures out how to use the BlockChain to implement a variable-supply inflationary currency (as BaseCoin, that I like the idea of, but have no affiliation to, and no interest in).