Quote:
Originally Posted by cordoba
But this is just money out of thin air. It's all nominal value built on trust, above all the trust that other Bitcoin owners wont cash in and sell all of theirs. All this Bitcoin wealth if it was converted to real wealth would cause the value of Bitcoin to plummet to zero. So all the value of Bitcoin is truly virtual. Or to put it another way, one huge bubble that requires only a pinprick to burst.
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were you under rock after 1971 ? and even most important - from 2008 ?
now think Verbal Kint, think, where the "value" of the modern money comes from
