News for hackers. Stuff that matters.

A comment on The Bitcoin bubble – Greater fool theory. Parent comment

Re:The Bitcoin bubble – Greater fool theory by rbanffy on Thursday November 09, 2017 @10:15AM (#15663054)
> the same BTC might buy 10 phones in a few weeks.

Which is kind of crazy and defies all logic - cryptocurrencies can be manufactured without any limit, even Bitcoin can be cloned and rebooted, creating a new currency space/ledger that's fresh.

[ Parent | on HN ]
Re:The Bitcoin bubble – Greater fool theory by avyfain on Thursday November 09, 2017 @12:40PM (#15664254)
You can print out a piece of paper that says "TEN US DOLLARS" on it, but if the corner store or the bank won't take it it isn't really the same as $10.
[ Parent | on HN ]
Re:The Bitcoin bubble – Greater fool theory by rbanffy on Thursday November 09, 2017 @01:35PM (#15664666)
Will you buy pizza with BTC right now?
[ Parent | on HN ]
Re:The Bitcoin bubble – Greater fool theory by conanbatt on Thursday November 09, 2017 @02:47PM (#15665300)
Yes? Being BTC doesn't change the value of it.
[ Parent | on HN ]
Re:The Bitcoin bubble – Greater fool theory by mbrock on Thursday November 09, 2017 @07:10PM (#15666894)
When you buy a pizza with USD, do you think "hmm, maybe I should invest this into BTC instead?"
[ Parent | on HN ]