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Topic: 2013-03-21 Bloomberg - A look at the World's Largest Online Currency - page 2. (Read 3706 times)

sr. member
Activity: 342
Merit: 250
Quote
So lose confidence in the Euro and gain confidence in a currency with absolutely no central-- no power to tax? That, in theory, is the point of a currency, right? That you can raise money through taxation and back-- or... once upon a time it was gold. Now it's, you know, the idea that you can honor your debts, and grow your economy and that kind of thing.

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There's a supply out there, and it's set by an algorithm. It can't reach more than 21 million. And every few hours, it multiplies and then halves. It's this very complicated thing.

What exactly does it take to register as an "epic fail" if that clip doesn't qualify?
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
legendary
Activity: 1176
Merit: 1001
You made my day. It was incredibly funny.
They don't get it.

When they will, it will be too late.
sr. member
Activity: 434
Merit: 251
Could be worse, but they still clearly don't get it.

Funniest moment is probably the confusion around "algorithms", where basically bitcoin issuance algo is the same (bad) thing as algorithmic trading.
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