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Author Topic: is bitcoin evidence of a new internet trend  (Read 457 times)
jerk_dilution (OP)
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May 02, 2013, 05:05:14 PM
 #1

Seeing some of the problems of bitcoins with court systems and corporate policies, one could claim that new internet-based commodities are outlawed until proven valuable/defensible.
ohhaithere
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May 02, 2013, 05:23:13 PM
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I don't think its a new trend, illegal goods have always been valuable. This just makes it slightly easier!
Jerry from Rochester
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May 02, 2013, 05:35:28 PM
 #3

What do you mean with your words "internet-based commodities"?  Do you mean the bitcoin.  I would say that the bitcoin is proven valuable.  One bitcoin is worth around $100, that's like a lot of money.

Seeing some of the problems of bitcoins with court systems and corporate policies, one could claim that new internet-based commodities are outlawed until proven valuable/defensible.
MiningMan
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May 02, 2013, 05:50:37 PM
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That's the problem this is really not a 'commodity' or even a 'currency'..... its a collectible that people are trying to use as a commodity and currency.

Just like any other collectible it has value and its value is based on what someone will pay for it.
RodeoX
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May 02, 2013, 05:56:18 PM
 #5

That's the problem this is really not a 'commodity' or even a 'currency'..... its a collectible that people are trying to use as a commodity and currency.

Just like any other collectible it has value and its value is based on what someone will pay for it.
I would say it is a commodity, a currency and a collectible. with bitcoin you can do anything you can do with money and more. Collect it, speculate with it, use it for purchases, whatever.

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May 02, 2013, 05:57:40 PM
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Bitcoin is a necessity for the development of the human species and our ultimate evolution. It's not just a simple coin Cheesy

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