Re: 2013-08-15 FOX News - Bitcoin Investigation: Is this the end of virtual currency
No one gets it, when you make something illegal it's value rises, alcohol or drugs are a good example of this.
I disagree. I've witnessed the exact opposite of what you describe. YMMV, ofcourse, and currency is probably on a whole new level that drugs, alcohol, and tobacco are not.
Free market; less demand -> cost rises.
oh makes total sense
Sorry, I've made a small edit.
I believe psy is referring to narcotics consumption decriminalization in our country, it led to less addiction/consumption and higher price.
HAHA, I do love the closing line: "Bitcoins, B-I-T-C-O-I-N-S - It's available to you inside the google." - AWESOME
I do have to say, I did enjoy the fact the first couple minutes was the intro and almost a mockery of bitcoin in the sense of it being taken seriously cuz its supposedly not backed by nothing...
But then the guy being interviewed took a moment to point out that fiat is backed by nothing but peoples belief in it having "Value" and thats happening with bitcoin as well.
Thought that was an awesome moment of truth! Cuz thats one of the more important things people need to realize bout their "real" money... its just as fake as anything else =P
I do have to say, I did enjoy the fact the first couple minutes was the intro and almost a mockery of bitcoin in the sense of it being taken seriously cuz its supposedly not backed by nothing...
But then the guy being interviewed took a moment to point out that fiat is backed by nothing but peoples belief in it having "Value" and thats happening with bitcoin as well.
Thought that was an awesome moment of truth! Cuz thats one of the more important things people need to realize bout their "real" money... its just as fake as anything else =P
If you thing about it, bitcoin is the pure fiat.