The issue is the price is not set by anything. Someone could set up an exchange where they sell bitcoins at 1 US dollar but then everyone would buy all their bi

The issue is the price is not set by anything. Someone could set up an exchange where they sell bitcoins at 1 US dollar but then everyone would buy all their bitcoins and sell them at other exchanges. Right now the only thing saying that bitcoins are worth $40 each is that someone is willing to pay $40 for them. edit: link for video http://www.weusecoins.com/ http://www.weusecoins.com/