Thread: RIP Bitcoin
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Old 08-08-2011, 12:54 PM  
facialfreak
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Join Date: Feb 2005
Location: Montreal
Posts: 3,018
Quote:
Originally Posted by MrBottomTooth View Post
Still don't understand how a monetary value is created by letting your computer do calculations in the background.
The computing is only a means of gradually releasing more Bitcoins into the wild, but has absoutely no effect on it's value ..

The ONLY reason why bitcoins have any value, is because the people using them agree that they hold the value that they do ... kinda like a gentleman's bet.
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