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You sound like every person who believed in the non-bubbleness of every bubble. What justifies the price of Bitcoins? They have no real value before they're wid
by mkr-hn 14y ago
You sound like every person who believed in the non-bubbleness of every bubble. What justifies the price of Bitcoins? They have no real value before they're widely accepted, and that won't happen until the price is stable.
- cjg 14y ago"Widely accepted" isn't a binary value. As adoption increases bitcoins gain value. That's what justifies the price. The problem is deciding just how much adoption implies how much value.