James Bowery <[email protected]> wrote:
> 1) Cryptographically secure limited number of coins. >>> >> >> I don't see any value to this. It causes the value to fluctuate rapidly >> and unpredictably. >> > > Your first statement is incorrect. There is clearly market value in > holding a quantity of anything that is in demand and that has known limits > on its supply. > Yes, I get that, but what possible advantage is there to the market holding this thing in demand with known limits? What good does that do? You agree it causes the value to fluctuate rapidly, going to extreme values both high and low. Why would you want that?!? It isn't a stock for a company that is doing well. It is not predictable or grounded in a real world condition. It is more like a roulette wheel. A mere game of chance, based on the greater fool theory. The whole point of money is to have stable values and as much of the stuff as you need to conduct business. If the value of the dollar or yen doubled one day and dropped by a huge fraction a month later, there would be chaos. Why is that a good thing when Bitcoin does it? - Jed
