View Single Post
Old 02-16-2013, 05:22 PM  
Sly
Let's do some business!
 
Sly's Avatar
 
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,320
Quote:
Originally Posted by mayabong View Post
Cause its a currency that cannot be inflated when someone just wants to print more of it. Transactions can be anonymous if you really want them to be.

Basically internet cash.
It can't be inflated because it can't be printed, but it can be inflated/deflated based on the market demand. Someone said in this thread that it fluctuates 5-10% regularly. Take that fluctuation and add the illegitimacy factor and it's even riskier than a currency that can be printed.

Sounds like a currency built for conspiracy theorists and isolationists.
__________________
Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted

Windows VPS now available
Great for TSS, Nifty Stats, remote work, virtual assistants, etc.
Click here for more details.
Sly is online now   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote