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Quote from the article: Bitcoin mining is not valuable for anything other than creating Bitcoins. Bitcoin is possibly the most valueless asset in history. If pe
by VMG 13y ago
Quote from the article: Bitcoin mining is not valuable for anything other than creating Bitcoins. Bitcoin is possibly the most valueless asset in history. If people no longer wish to hold or accept Bitcoin, the value will be exactly zero since it has no inherent value, making it an extremely fragile asset.
Therein lies the trouble with taking lessons from economists who don't think it through.
Also previously:
* http://www.wired.com/magazine/2011/11/mf_bitcoin/ http://www.wired.com/magazine/2011/11/mf_bitcoin/
* http://www.forbes.com/sites/timworstall/2011/06/20/so-thats-the-end-of-bitcoin-then/ http://www.forbes.com/sites/timworstall/2011/06/20/so-thats-...
* http://money.cnn.com/2013/04/12/investing/bitcoin-bubble/ http://money.cnn.com/2013/04/12/investing/bitcoin-bubble/
Don't get your hopes up just yet.