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re: Oh No, Bitcoins Trading <$100...
Posted on 5/2/13 at 9:56 pm to C
Posted on 5/2/13 at 9:56 pm to C
quote:
It's more of a "going out of business" or "these deals won't be here forever" type scheme as explained by Julian assuage.
Don't misrepresent what Assange said.
Assange was talking about how it was proselytized to people that way. This was one critique in a conversation of how technically brilliant bitcoin is and it wasn't even a critique in bitcoin itself but rather of the people involved.
1
Posted on 5/2/13 at 10:03 pm to joshnorris14
It's the key part of bitcoin and why many criticize it. If the distribution was based on sustaining a certain exchange rate or based on exchange volume I would have zero criticism of it. It's a scheme that's going to fail in the long run. Other systems will form that give more certainty to buyers and sellers. Bit coins may exist as a commodity for a while but it will lose out to others for exchanging goods.
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