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A comment on EFF no longer accepts donations in Bitcoins. Parent comment

Re:EFF no longer accepts donations in Bitcoins by kiba on Thursday June 02, 2011 @03:06PM (#2613422)
is it possible that the number of people saying that bitcoin is a bubble is so high because bitcoin is a bubble? I mean, I'm not sure how anyone could even deny that bitcoin is a bubble -- the best you can hope for is that like gold it's a bubble that never ends. There's only been one of those in human history, though (two if you count silver as well), and it has at least a seven thousand year head start on bitcoin.

Is bitcoin a bubble? Not from what I seen concerning economic activities and what users report about themselves.

But can bitcoin fail? Yes. Is it 100% likely to fail? I think not. Is it a good idea to put in a few dollars as a hedge? Yes.

That being said, I am in bitcoin for the long haul, whether or not it ultimately fails, and possibly consequently lose all the value in bitcoin.

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Re:EFF no longer accepts donations in Bitcoins by mattmanser on Thursday June 02, 2011 @07:15PM (#2614419)
The people who put a few dollars in as a hedge are the exact people who are going to lose all their money when it collapses.

Well, they'll say, was only a few dollars.

Ultimately though, you've got got to wonder where all those few dollars went.

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