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Confessions Of a BitCoin Scammer
This doesn't sound good
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How is this a currency?
Here's the definition of a currency:
1. People widely accept it as payment for good and services
2. The value is stable enough to be relied on
Bitcoin fails on both points.
"Widely accepted" is the operative phrase here.
The fact that somebody, somewhere may accept it is not relevant.
As for the second point, it may be very fun to sit on Bitcoins and watch them go up in value, but not tree grows to the sky and eventually they will be priced at what they are worth.
What is a currency worth that you can't use to buy anything with and fluctuates widely in value.
I may be slow, but I just don't get it.
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