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TDaltonC

TDaltonC
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  • Bitcoin Bubble 2.0 [View instapost]
    Mining more LiteCoin doesn't inflate BitCoin for the same reason that printing more Yen doesn't inflate the US Dollar. LiteCoin and BitCoin have a free floating exchange rate. Making more of one doesn't affect the value of the other; it just changes their relative exchange rate.
    Mar 8, 2013. 01:00 AM | Likes Like |Link to Comment
  • Bitcoin Bubble 2.0 [View instapost]
    I still don't see the difference between BitCoin and any modern fiat currency. They have value because people believe that they have value.
    Mar 8, 2013. 01:00 AM | 1 Like Like |Link to Comment
  • Bitcoin Bubble 2.0 [View instapost]
    ". . . until the majority of the 7 billion or so people that inhabit this planet have either a smartphone or frequent access to the internet, a digital currency is out of the question." Not so. I can only drive my car where there are roads. But that's ok because most places I want to go have roads. So long as most of the places I wont to spend BitCoin have internet access, then that's good enough for me.

    As a side note though, it won't be too long until most of the 7 billion do. There are a lot of hand-me-down iPhones out there.
    Mar 8, 2013. 01:00 AM | Likes Like |Link to Comment
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