Bitcoin exchange rate reached $100 USD per BTC

Re:Bitcoin exchange rate reached $100 USD per BTC by pi18n on Monday April 01, 2013 @12:00PM (#5473852)

Oh, I was going to write about Freicoin. It seems like an incredibly fascinating concept and I'd really like to see an online economy emerge around it. Do you use it?

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Re:Bitcoin exchange rate reached $100 USD per BTC by gst on Monday April 01, 2013 @12:27PM (#5474059)

Freicoin is a scam. If you mine Freicoins 80% of the mined coins are automatically transferred to the "Freicoin Foundation" (see e.g. https://bitcointalk.org/index.php?topic=134629.0). A real demurrage might be an interesting concept, but I wouldn't suggest to buy into Freicoin.

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Re:Bitcoin exchange rate reached $100 USD per BTC by tibbon on Monday April 01, 2013 @01:12PM (#5474401)

Its definitely a strange thing. Money goes to "miners and grants"?

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Re:Bitcoin exchange rate reached $100 USD per BTC by tibbon on Monday April 01, 2013 @12:01PM (#5473856)

I don't, and I'm not sure of where I could generate/buy some. I'd definitely like to play with it a bit.

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Re:Bitcoin exchange rate reached $100 USD per BTC by wmf on Monday April 01, 2013 @12:03PM (#5473876)

Why would anyone opt in to demurrage?

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Re:Bitcoin exchange rate reached $100 USD per BTC by tibbon on Monday April 01, 2013 @12:11PM (#5473927)

I think that's a very good question. People would have to think that its a more stable currency with greater long term value to opt into it.

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Re:Bitcoin exchange rate reached $100 USD per BTC by krichman on Tuesday April 02, 2013 @03:18AM (#5478080)

How is that demurrage any different from inflation, though? I have to invest my cash in things just to get it to maintain the value it has now.

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