Re:Bitcoins up another 42% since August 1st
by anonymoushn on Thursday August 16, 2012 @11:03AM
(#4391578)
If the USD derives its value from the strength of the U.S. military, the BTC derives its value from its ability to purchase shady things. I would not bet against the continued existence of markets for shady things.
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Re:Bitcoins up another 42% since August 1st
by vannevar on Monday August 20, 2012 @01:11PM
(#4408596)
I wouldn't bet against the continued existence of speculative bubbles. Bitcoin's actual utility for money-laundering will provide some support at the bottom when it crashes, but the price curve right now looks an awful lot like simple speculation.