Originally Posted by DenverBrit
But it's not remotely how a currency works.
It will remain volatile as long as it is traded as a commodity. It has to be indexed to something....gold?......or it will be just another worthless dot com play; volatile with unsustainable valuations and no substance to fall back on.
I'll concede that it's more of a commodity at this very early stage. It's not a worthless dot com play though. Bitcoins take expensive equipment and real energy to mine.