Quote from: Vince Torres on March 20, 2013, 12:01:25 AM

Quote from: Wekkel on March 19, 2013, 05:56:20 PM

Quote from: Vince Torres on March 19, 2013, 05:22:26 PM

Quote from: SgtSpike on March 19, 2013, 04:47:04 PM

You forgot:
- Cypress
- NZ
- Italy

All three countries are planning or attempting to plan to confiscate a percentage of their citizens' savings accounts. People in those countries are going to be fleeing the national currencies like a bat out of Hades, you just watch.

You're out of your fucking mind if you think people who would be effected by that have any idea Bitcoin exists. This is a self fulfilling price, people have an idea of what Bitcoin is worth therefore they won't let it reach below a certain point. Bitcoin has little to no practical and no tangible value. There is no reason it should be at this price.

When given hard thoughts, euro's do not have tangible value either. It all boils down to trust, the same as with Bitcoin.

Euro, the dollar and GDP are all backed by major governments and can be used to purchase a wide variety of goods and services.

math > governments