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Thinking more about this, I find a good measure of a success of a currency is to just look at how much of your monthly transactions are conducted with said curr
by antocv 13y ago
Thinking more about this, I find a good measure of a success of a currency is to just look at how much of your monthly transactions are conducted with said currency.
Now I believe a persons wage is the biggest monthly transaction they perform - work and monthly wage pays out, in what currency?
When bitcoin reaches that point, if ever, where employers pay their employees and taxes in BTC. Then its a currency. Now its a speculative bubble - for which it may still be a good idea to get behind and compete with all the other gamblers.
- fat0wl 13y agoyup, the first part of this article is about that http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-seems-to-be-caused-by-usually-illegal-price-fixing/ http://falkvinge.net/2013/09/13/bitcoins-vast-overvaluation-... you may be able to make some money it's true but I think if you believe it to be a ponzi scheme it is immoral to get involved. that's my basic stance. I can live life just fine without it
- antocv 13y agoI believe normal currencies are also a ponzi scheme. A really big one. Bitcoin isnt a classical scheme like that Maddofs guy. Its already too big for that.