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A comment on Ask HN: Bitcoin Price Speculation. Parent comment

Re:Ask HN: Bitcoin Price Speculation by pkulak on Sunday January 04, 2015 @04:30PM (#8835940)
> Bitcoins are worthless.

So is the US dollar.

[ Parent | on HN ]
Re:Ask HN: Bitcoin Price Speculation by bbcbasic on Monday January 05, 2015 @04:29PM (#8841309)
To act as a good currency, the currency should be almost worthless (or worth a lot less than the value it represents).

USD and Bitcoin are both good currencies, in part because they are worthless.

To flip it on it's head - if a currency is worth more than the value it represents then no one would spend anything.

[ Parent | on HN ]