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A comment on The Quora post that killed Bitcoins. Please discuss if his arguments are valid.. Parent comment

Re:The Quora post that killed Bitcoins. Please discuss if hi... by achompas on Thursday June 02, 2011 @11:56AM (#2612494)
So their unique value comes from private transactions...but there's only a finite supply of bitcoins? How many of these transactions can actually occur in 2013-2014, when every bitcoin has been mined and their value is skyrocketing?
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Re:The Quora post that killed Bitcoins. Please discuss if hi... by weavejester on Thursday June 02, 2011 @12:09PM (#2612560)
The amount of transactions that can take place is unlimited, and even though there is a maximum of 2.1 million coins, each coin is divisible to 8 decimal places, giving 2.1 quadrillion units of currency.

Also, mining won't be completed this century, although the rate at which coins are generated decreases over time.

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