Bitcoin Forum

Bitcoin => Press => Topic started by: julz on May 12, 2012, 12:27:16 AM



Title: 2012-05-11 uproxx.com The FBI Is Terrified Of Nerd Fad Bitcoin
Post by: julz on May 12, 2012, 12:27:16 AM
Quote
The FBI Is Terrified Of Nerd Fad Bitcoin

Dan Seitz
2012-05-11

http://www.uproxx.com/webculture/2012/05/the-fbi-is-terrified-of-nerd-fad-bitcoin/


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The problem is that Bitcoin is backed by, well, nothing. It basically runs on clapping your hands and believing, which makes it incredibly volatile, as enthusiasts are learning the hard way. Once it becomes too hard to mine blocks, people will simply stop caring and move on to some other fad, and Bitcoins will become worthless.
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Title: Re: 2012-05-11 uproxx.com The FBI Is Terrified Of Nerd Fad Bitcoin
Post by: the joint on May 12, 2012, 12:30:54 AM
Maybe they should have a gander at this:

http://bitcoinmedia.com/market-volatility-has-gone-down/ (http://bitcoinmedia.com/market-volatility-has-gone-down/)