[hackerspaces] bitcoin

[Lokkju Brennr]

I'm not sure how anyone could see bitcoin as a pyramid scheme, as
there is not a continuous influx of cash investors to keep it going.
What it *is*, is a fiat currency with a fixed disbursement.  As a fiat
currency, it has no value other then what people give it - but at the
same time, because real work (well, computer time) goes into gathering
a bitcoin, it has a semi-fixed inflation rate, with a cap.

Loki

On Wed, Apr 6, 2011 at 2:20 PM, Justis Peters <justis.peters at gmail.com> wrote:
> pyramidal