a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
mk  ·  3996 days ago  ·  link  ·    ·  parent  ·  post: 1 BTC traded over 1000 USD

I give it an even chance of that happening. It should be remembered, however, that 1 BTC is really an arbitrary unit. People refer to mBTC (0.001), and these are currently worth $1 each. uBTC are a steal at just 0.1 cents. Still, as far as becoming a currency, I think the fact that bitcoin's mining curve is not at all related to adoption makes for a very volatile store of value.

I don't know. Diamonds are nearly worthless, but we pay lots of money for them.