Bitcoin is a pump and dump just like gold is. This says it all.
Right well if it lasts thousands of years that will be quite a bubble. Lets hope it really is the start of something that big
Satoshi probably passed away I reckon, if it was just one person I imagine it was just somebody who wanted to make a difference to the world
how did the market build itself?
I checked out bitcoin in 2011 and my quick impression it was tokens for web site builders and stuff like that. If you look up Krugman who writes in NYT he goes into details of a babysitting club and this had a virtual currency, just tokens where you would spend when you go out to dinner and earn when others wanted you to look after their kids. Its not money exactly, its exchange. You could say btc came from people swapping their spare labour in this way with an interest between them and probably quite alot of goodwill and willingness to compromise on price
I dont really do html, mining gave errors on my gfx so I skipped - I could have been a contender /o\