BITCOIN DEATHS

June 26, 2013
Bitcoin Price: $104

WHY BITCOIN WILL FAIL

The problem, as I see it, is that bitcoin only value is it’s medium of exchange, without any real effort. It is ripe for fraud and manipulation, but what fiat monetary system isn’t. The automatic systems of growth to a finite number of units along with the division into smaller increments are intended to eliminate the problems of past monetary failures but cannot control human nature. As the medium of exchange and perceived value increases, hording will occur.

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Source: DailyPaul.com