Precisely Jantimot, and the beauty of it is that it happened faster than any laws came along to stop it. Pure genius.
I believe one of the main selling points behind it is that it is fiscally apolitical, fair enough. But one of the virtues of any successful currency is that it must be a predictable store of value. Clearly this isn't, if value can collapse 50% overnight. Mugabe would be jealous.
It crashes now. Punters get hurt. A US senator proposes a law to ban it on US originated websites. All retailers stop recognising it. Game over.
Doh!
Buy gold you bitcoin donkeys. The most tangible money comes a bunch of blokes and gals extracting it from the ground, not on some psuedo-Jap geek's computer.
