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Greenspan Baffled Over Bitcoin 'Bubble': "To Be Worth Something, It Must Be Backed By Something"
zero hedge ^
| 12/4/13
| Tyler Durden
Posted on 12/04/2013 8:43:19 PM PST by Nachum
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To: Nachum
That headline made me laugh out loud.
41
posted on
12/05/2013 7:14:40 AM PST
by
Bulwyf
To: Nachum
currency bump for later.....
42
posted on
12/05/2013 7:31:24 AM PST
by
indthkr
To: Corporate Democrat
"Bitcoin by contrast, is backed only by those who believe"
Sounds like idolatry to me, and therefore no more "stable" than any other arbitrary fiat currency. On a whim, Bitcoin could just as easily be replaced in an open marketplace by little buttons with Justin Bieber's face imprinted on them.
43
posted on
12/05/2013 7:41:10 AM PST
by
indthkr
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