Winklevii: the problem with the dollar is its price isn't predictable like the price of Bitcoin is:http://www.businessinsider.com/bitcoin-state-currencies-us-dollar-2013-12 …
@eachus Bitcoin only has value so long as its cryptography and game theoretic aspects provide security. There will be attacks. Trust me.
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@bascule It is pretty darned close to the canonical definition of an economic bubble.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bascule Price is WAY out of line with that.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@bascule I understand that too. I was only speaking of the economics. Economic value = cost of mining + distribution (= 0) + small margin.Thanks. Twitter will use this to make your timeline better. UndoUndo
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