Quote:
Originally Posted by DWB
And it will continue to be done because that is how it is easily manipulated. Why pay $260+ when you can hit them and make the price $200 or less?
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This is one of the reasons any sort of virtual money that is unregulated will never be stable. It's something you can't hold in your hand and you never actually take possession of it. It's like buying "gold certificates".
The value is only there as long as things are peachy, but if the economy collapsed you think you could really trade in that gold certificate for real gold?
Same thing with bitcoins. It's the same kind of novelty money as a gold certificate. There is only value as long as things are doing peachy. Bitcoins with no regulations means you never really know what kind of out side factor can effect them..
I'm not against the idea of them, but I just don't think they are gonna last. Money's success has always come because it's something you could hold in your hand.
