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Meet bitcoin, 2013's biggest winner

30.12.2013 12:54

Adding 6200 percent, bitcoin was the biggest economic winner of 2013. However, a lot remains unclear about how the virtual currency works and is created. RT spoke to Robin Tiegland from the Stockholm School of Economics to shed a little light.

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Comments (6) Sort by: Highest rating Oldest first Newest first

 

Ismail 09.01.2014 05:26

Gary David 07.01.2014 06:30

can't eat gold and you can't drink a bitcoin

  


Gary David 07.01.2014 06:30

can't eat gold and you can't drink a bitcoin

  


Any one of the fiat currencies are worthless until they're used to buy tangibles, e.g. goods and services. The mere fact that people are using Bitcoin as a medium of exchange legitimises it just the same as any other (even fiat) currency.

I OW: You can't shove money into your car's gas tank to get it to run, but you CAN use it to buy gas; you can't live long by eating money, but you can use money to buy food.

 

Derek Pater 08.01.2014 12:52

bit-coin and other Alt currency are the future for on-line
payments for goods and services!

 

Andre 08.01.2014 00:27

So many scamm that people make tons of money a month.. STOP the Bullshit!!

 

Max 07.01.2014 18:36

Gary David 07.01.2014 06:30

can't eat gold and you can't drink a bitcoin

  


Lets go back to barter!

 

Peter Vlagopoulos 07.01.2014 08:17

duhhh...... same goes with all money. What does that have to do with anything?

 

Gary David 07.01.2014 06:30

can't eat gold and you can't drink a bitcoin

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