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icebraining
on Oct 11, 2011
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The Bitcoin Crypto-Currency Mystery Reopened
It's a linear argument: it won't succeed (in part) because it's
designed
to be deflationary, so it will fail, so it'll lose its current value.
(Note: it's not
my
argument, I'm just trying to explain why they aren't necessarily incompatible)
csomar
on Oct 11, 2011
[–]
If it fails it's because it has no value. If criminals need it to transfer funds (and they have quite a business), then it might make BitCoin valuable. It doesn't matter if there is a limited amount of BitCoins if the end point is to exchange them.
icebraining
on Oct 11, 2011
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[–]
(Market) value is set by how much people are willing to pay for it, so they do have value.
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(Note: it's not my argument, I'm just trying to explain why they aren't necessarily incompatible)