Where can you buy it? Well gee how about at a bitcoin exchange like this one: mtgox
"Its value is so unstable, its price is all over the place" - If by that you mean its value has risen steadily since inception (as per the graph in the video). Which of course is in stark contrast to the US$ which has fallen in value by 98% since inception.
"What is there to stop an explosive supply in bitcoins" - Well how about the increasing difficulty to mine new bitcoins leading a cost vs benefit prevention in the creation of new coins. Of course there is no such restriction in creating an explosive supply in US$ as the Federal Reserve has shown.
March 28 (Bloomberg) -- Bloomberg's Clive Crook and Paul Sweeney explain Bitcoin on Bloomberg Television's "Street Smart."
What a bunch of idiots! It beyond me why people find these people credible.
ReplyDelete""What is there to stop an explosive supply in bitcoins" - Well how about the increasing difficulty to mine new bitcoins leading a cost vs benefit prevention in the creation of new coins. Of course there is no such restriction in creating an explosive supply in US$ as the Federal Reserve has shown."
ReplyDeleteBitcoin protocol has a fixed ammount of 21 million bitcoins. It will never inflate above that because the protocol does not allow it.
Bitcoin is a deflationary virtual currency.
Wow. It's like sitting in on kindergarten
ReplyDelete