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re: Oh No, Bitcoins Trading <$100...
Posted on 5/2/13 at 10:03 pm to joshnorris14
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.
Posted on 5/2/13 at 10:19 pm to C
quote:
If the distribution was based on sustaining a certain exchange rate
Well if this is your main complaint, I'm glad you don't like bitcoin.
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