BitCoins: Four Objections

[bitcoinconnection]

Objection: My refutation was circular or my refutation was just an assertion that BitCoins are worthless.
Objection: Some people do accept BitCoins, so they can’t be a poor currency.
Objection: Subjective value theory means that value only exists in the minds of people, therefore there is no reason BitCoins couldn’t be as valuable as gold or any other commodity.
Objection: Fiat currencies, like Federal Reserve Notes (US Dollars) aren’t backed by anything, either, so what’s the problem?
Full Article at http://www.openmarket.org/2011/06/06/bitcoins-four-objections/
See more at http://www.bitcoinconnection.com
kt

[1715010951]

1715010951

[1715010951]

1715010951

[Timo Y]

Maybe you should pay with Namecoins instead of Bitcoins, because they have a use value in addition to an exchange value.

In that way they are even more similiar to gold than Bitcoin.