Quote:
Originally Posted by Paul
It started as a currency but it's being traded as a commodity hence the volatility. You're correct that without the exchanges and the massive inflow of money within the past year (worth over 20x what it was this time last year) then it wouldn't even be on any governments radar but it would still exclusively be a play thing for geeks & criminals etc
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I meant more the speculation. It's difficult to take seriously a 'currency' where 1 equals ~$100, let alone 1 equalling $140 one minute and $80 ten minutes later. It's a joke.
It wasn't hard to predict that once it became, or becomes, widely enough used that The Man would attempt to control it. That's inevitable.