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Re:Krugman's Baby-Sitting Co-op Explains The Design Flaw At ... by mcantelon on Friday April 05, 2013 @10:25PM (#5502373)
>it's price is entirely determined by speculation and nothing else

Its price is based on the work required to make the coins and the properties of a minted coin (can't be forged, etc). The coin has virtual properties, but they're still useful properties.

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