News for hackers. Stuff that matters.
Re:How to Get Started with Bitcoins by hugh3 on Sunday December 12, 2010 @11:54PM (#1999378)
What is different about Bitcoin is that the amount of it will be fixed, therefore no monetary inflation is really possible

Until the day that everybody decides the bubble is over, at which point the value of the bitcoin drops to zero. But hey, you might make some real money in the meantime!

Re:How to Get Started with Bitcoins by gasull on Monday December 13, 2010 @12:18AM (#1999436)
Until the day that everybody decides the bubble is over

Same thing can happen with any fiat currency, like the dollar or the euro. Actually, the same thing can happen with any currency, period. Even with a gold-backed one. If science finds a way to make gold without mining it, gold would drop in value.

Re:How to Get Started with Bitcoins by hugh3 on Monday December 13, 2010 @12:29AM (#1999462)
True. All that gold and dollars have that bitcoins don't is hundreds and/or thousands of years of history and billions of people who think they're worth something.