Thread: BitCoin
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Old 05-18-2011, 12:59 PM   #3
VettezukiVettezuki is offline
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Quote:
Originally Posted by blackax View Post
I have about 10 bitcoin's right now
I'm going to starting running the process. There's more and more people taking them for tangible goods. We'll see. It's interesting because it doesn't really fit neatly into existing theories of money. It's "fiat" in that it's not backed by anything tangible, but has scarcity rigorously built into the system and cannot be arbitrarily inflated/deflated.
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