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  1. #951
    Its volatility surely comes from the fact that it's a thinly layered scam, the whole thing.

    I mean so is the entire economy, in a sense... But real-world currencies, despite not being based on something solid like gold, are inexorably wrapped in trade deals, property, loans, mortgages... Things the world over which make them kinda semi-real.

    The whole idea with bitcoin, regardless of how you spin it, is that the currency is based on a perception of value. It has little inherent value, and its entire "true" value is its ability for some people to buy it and sell it at a profit, which ultimately means that some people will make money, and some people will lose an equal amount of money.

    If you challenge that value, even slightly, the whole thing becomes a farce.

  2. #952
    It's other value is the ability to purchase something anonymously? Governments can't trace it?

  3. #953
    It’s actually very traceable so that’s not really a feature. According to Bitcoiners it’s a ‘store of value’. A store of value which crashes every time a celebrity CEO trolls it on Twitter. Lol

  4. #954
    Quote Originally Posted by wakka View Post
    It’s actually very traceable so that’s not really a feature. According to Bitcoiners it’s a ‘store of value’. A store of value which crashes every time a c*** CEO trolls it on Twitter. Lol
    Fixed that for you.

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