Sorry for continuing an off topic discussion, but if your interested in the instability of Bitcoin, I recently did an in-depth analysis of some of the recent market behavior. You can find it here: The Bitcoin Bubble http://xqz3u5drneuzhaeo.onion/users/shew2/decentralization/20110615-the-bitc... On Thu, 16 Jun 2011 05:40:27 +0200 andre76@fastmail.fm wrote:
Bitcoin is a scam. Money or value can't be created on a computer (unless you consider the phoney fiat currency of the USD "money"). At best bitcoin is a ponzi scheme where the initial holders of the digital money get to see the increase in the computer value of the bitcoins they "own" only to, at the right time, dump them onto suckers that got in the this new fangled trickery at the end. Those that hold bitcoins at the end will be at a loss as in reality, they're worth nothing. Bitcoins are a classic example of the Wall Street method of Pump and Dump. Fake or unrealistic information is circulated around the web about a certain stock and how it's to perform which is always UP UP UP in value. This is the Pump phase. The unsuspecting and gulible public rushes in to purchase massive amounts of the (really) junk stock. The price rises dramaticly. Those that promoted the stock then Dump it....fast. They make their profit and the dummies that believed the junk about how great the equity was get stuck with a loss as the stock plummets.
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