Quote:
Originally Posted by MikeRoth
But the value of this air is currently $108. The value of anything is set by what people are willing to pay for it. Would you say the Mona Lisa painting has no value? It's just canvas and paint, I could buy that stuff at the craft store for $4. Does that mean the Mona Lisa is only worth $4?
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you are comparing the value of the Mona Lisa with Bitcoins
The value of the Mona Lisa is based on its exculsivity, wich BitCoin not has.
The stuff you buy at the craft store are payed by dollars, they are ( should be ) backed by gold and government ( Bitcoin is backed by nothing )
You guys dont understand the basic of Economics. Sure you can make money with Bitcoins but so you can in the casino ( they are backed by dollars )