Quote:
Originally Posted by mineistaken
Agreed. Bitcoin and gfycoin could be the same, but if more people have consensus that bitcoin is valuable than it would sell for more. Anyway - its still fake/play money and thats a fact. Why? Because real money does not appear out of thin air (I mean any good programmer can create same "currency" as bitcoin, they actually did many clones)
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You are correct that it is the consensus which makes a currency more or less useful -- not valuable, however, as the point of money is to buy things with it, not to sell it.
A good printer can create pieces of paper which are just as pretty as a Dollar bill and some places will allow them to be exchanged for items with intrinsic value. Printing tech is older and more widespread than coding expertise. What's your point?