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Topic: 2013-03-29 Motley Fool 'The Digital Currency of Tomorrow Is Today's Craziest Bub (Read 640 times)

legendary
Activity: 1078
Merit: 1003
Did he not bother doing any research at all?  Jesus Hernandez Christ, where can I sign up for writing half-assed articles for a living?
hero member
Activity: 588
Merit: 500
As long as the mainstream media calls something a bubble...you know it's not a bubble.

Where were these master bubble callers in 1999 or 2006?

Their definition of a bubble is an asset that's going up...which they don't own.
hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
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A tiny minority of you are probably cackling about the folly of centrally controlled fiat regimes, while your mining rig churns away at another hash.
Ehehe! Wahaha!
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To avoid scarcity problems, Bitcoins can be divided into infinitesimally small fractions.
Fail
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Mining has not (until recently) been very financially worthwhile.
Fail
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Bitcoins are loosely regulated, but that is changing.
Uber-fail
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This is especially ironic considering the fact that Bitcoin is nothing more than a privately created fiat substitute, with nothing supporting its value beyond the market actions of a very small group of users.
Shoot me.
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Buying something with Bitcoin is a lot like buying something using a thinly traded penny stock. Your employer won't pay you in penny stocks -- you have to go to a specialized website running specialized software to buy it using the dollars deposited in your bank account.
So there aren't any employers willing to pay in bitcoins?


Comments are... intelligent Huh
member
Activity: 70
Merit: 10
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