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Old 11-24-2013, 09:42 AM  
L-Pink
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Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
Quote:
Originally Posted by RandazzoXXX View Post
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.
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