Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Would you bet your fortune on an email or a video?

Already the monetary currency of most countries is built on sand and one is well advised not to hold all one's assets in cash. Until someone finds a formula to produce gold cheaply (like diamonds), it will continue to be a useful currency with good inflation protection; of course, you wouldn't invest your entire fortune in gold either. But with Bitcoins, we have more of a situation like we had with investment certificates; they may also protect against inflation if everything works as promised, but they can also vanish into thin air very quickly.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: