Quote:
Originally Posted by RandazzoXXX
Awesome video. I hope Bitcoins succeed but this guy makes a great point and anyone who can't see that is delusional. Bitcoins ARE intrinsically worthless and he explains why but that doesn't mean that Bitcoins are a bad investment or won't last as a legitimate form of currency. They may have no intrinsic value but if people are willing to trade it for goods and services and accept it as money then who gives a crap? The only real issue is for how long. You're taking a huge gamble there.
|
The obvious problem for anyone selling a product with a narrow profit margin and taking bitcoins is a sudden price swing rendering the sale unprofitable.