Post
Topic
Board Economics
Re: Who's going to make out like a bandit...
by
joechip
on 02/08/2010, 11:13:15 UTC
yeah maybe you should reconsider this guys arguments: http://bitcointalk.org/index.php?topic=57.0

So why aren't you spending all your money on bitcoins then? And why is the market rate not 1000 USD / BTC?

They might well be worth that much or more some day but there is also the risk of them becoming worthless through bubbles or not catching on.


Such is the problem of the entrepreneur, forever balancing fear and greed.  The early-adopters of any technology are due to make out well if that technology is accepted in the marketplace.  The amount of resolution built into Bitcoin will make it a much more liquid market than a physical commodity with similar valuations due to a limit on fungibility.

But, in order for anyone to make out like a bandit, as the thread implies, the market for Bitcoins needs to improve dramatically. 

Ta,