51–52 of 52 posts
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More people are using it. Economics 101.
I prob wouldn't mix the term 'Economics 101' with a early adopter currency that has fluctuated between $0.001 and $50 in less than 5 years and between $5 and $50 in the last 10 months.
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What do you mean no paper trail? I thought Bitcoin worked by having a master list of EVERY transaction and then hashing the most recent for each new transaction. This is from the Bitcoin doc [1]: We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the en…
Transaction records? Yes. Tied to a physical person? No. There is as far as I understand nothing hindering private trades among owners, making 'rigging' entirely possible (I may be wrong).
Also, of course nothing is hindering private trades among bitcoins. Do you understand that BTC is a currency and not a stock exchange?