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.
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.