08 Feb '13, 4pm

Coinbase Is Now Selling Over $1M USD Of Bitcoin Per Month

The problem with all fiat currencies is they have no inherent value; it is all in the eye of the beholder. So what is an "appropriate" price is quite difficult to determine. Most currencies are driven by being effective monopolies wherever they are issued, so the market price remains somewhat stable. Even so, many professional economists have opined that the exchange rates even between major currencies are way too volatile.This is, among other things, because there is a whole lot of loose money floating around that can easily jump between currencies. We are probably going to see a lot more of this in the Bitcoin world, which I expect has a lot more volatility ahead of it -- somewhat ironically in this case, as the increased liquidity promotes volatility, since it becomes an instrument of pure speculation that was previously too difficult for professional traders to deal in...

Full article: http://news.ycombinator.com/item?id=5188620

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Coinbase Is Now Selling Over $1M USD Of Bitcoin Per Month

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blog.coinbase.com 08 Feb '13, 4pm

Coinbase Is Now Selling Over $1M USD Of Bitcoin Per Month Just 3 shorts months ago we announced people could buy or sell B...

Y Combinator-backed Coinbase now selling over $1M Bitcoin per month

Y Combinator-backed Coinbase now selling over $...

venturebeat.com 08 Feb '13, 8pm

Customers of Coinbase , a platform for buying and selling digital currency Bitcoin, have bought or sold more than $1 milli...

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Y Combinator-backed Coinbase Now Selling Over $1M Bitcoin Per Month

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Coinbase launched last year and aims to be “the PayPal of Internet-only currency .” It helps merchants and consumers by pr...

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