So, Bitcoins are becoming popular very fast
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Re: So, Bitcoins are becoming popular very fast
#2As far as I'm concerned, if the Bitcoin to fiat exchange rate can stabilize sufficiently, then it becomes a better online currency that any single nations currency at the moment.
Better because of reduced fraud and reduced transaction fees.
I don't see any fundamental reason why this can't happen with a non-government crypto currency, but it will take some time... and there will be a lot of booms and busts along the way.
The biggest risk is sadly the US government declaring it illegal.
Re: So, Bitcoins are becoming popular very fast
#3Because they're getting a lot of publicity and people think "Ohhh this seems easy, I wonder if I can get rich on this"
That's been my experience talking to people at work anyway.
Re: So, Bitcoins are becoming popular very fast
#4The people who are pumping up BitCoin now are the same people who pumped up SecondLife.
Re: So, Bitcoins are becoming popular very fast
#5The people who are pumping up BitCoin now are the same people who pumped up SecondLife.
If secondlife wasnt centralized, this might be a valid argument.