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I've thought a similar thing about Bitcoin before - it seems like this is the 'goldrush' era - people are grabbing as many Bitcoins as they can before they beco
by powatom 14y ago
I've thought a similar thing about Bitcoin before - it seems like this is the 'goldrush' era - people are grabbing as many Bitcoins as they can before they become too scarce. Assuming there is no sudden drop-off in interest, will we not eventually see a new digital currency, acting as a representation / guarantee of future value? The currency itself has no worth, merely the idea that it can be traded at some point for something WITH worth (i.e an individual Bitcoin).
It's like trading in gold rather than money, and all this current rush is going to do is force an eventual emulation of real-world banking systems.
- lmickh 14y agoSo eventually Ron Paul will be trying to push us back to the Bitcoin standard?