29 Jan '15, 3pm

[email protected] and @paulvigna are answering your questions about #bitcoin and cryptocurrency. Ask now:

It's an understandably common question. I like to take a few steps backward on it. First to say that ALL currencies ultimately derive their value from a shared community view that the currency in question represents a token of value that all agree on and that it is widely accepted. Bitcoin has some ways to go in that regard. But it is no different from other currencies in that it has no intrinsic value -- the idea of a currency's intrinsic (or commodity) value, even for gold, is a myth in our mind. But the next point is what are the kinds of things that lead communities to come to such conclusions about a currency. And that comes down to trust. In the case of gold-back, it's that people trusted that the gold behind it would retain its value because that commodity happened to have some good qualities as a currency: durability, divisibility, fungibility, transportability, et...

Full article: https://www.reddit.com/r/IAmA/comments/2u3378/we_are_wall...

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The ‘Age of Cryptocurrency’ Book: Two Outsiders Look In at Bitcoin and Digital Money:

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#bitcoin

#bitcoin

newsbtc.com 27 Jan '15, 7am

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twitter.com 24 Jan '15, 7pm

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wsj.com 23 Jan '15, 7pm

one is Bitcoin and who isn't macro mode so ... well the answer such questions are answered in this new ... book the age of...

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@aleph

blogs.wsj.com 27 Jan '15, 12pm

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