Highest Rated Comments
usrn1 karma
Backing it with gold requires a 3rd party.
The main point of bitcoin is to get rid of 3rd parties. ;)
Check out the whitepaper: https://bitcoin.org/bitcoin.pdf
usrn-11 karma
How much myspace have changed going by your example?
What factors made facebook more successful?
To what degree "a form of money" is prone to changes in "fashion"?
Social media platform cannot be compared to crypto currencies. It's like apples and oranges.
in the universe of risky assets, they are among the riskiest.
What do you consider risky assets?
usrn33 karma
As it depends on supply and demand, the number of participants and distribution of coins I would think that it's not something any crypto can solve.
Also, based on the historical bitcoin exchange rates, volatility improved a lot recently.
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