02 Dec '12, 5am

Will #Bitcoin milestone cause their value to spike?

Bitcoin’s designers envisioned their baby as less of a traditional fiat currency and more a commodity like gold, of which there is a finite amount. As such, there will be rises and falls in Bitcoin’s value, but no wild inflationary surges. This theory will be tested as a result of this week’s changes. Some observers believe the smaller number of Bitcoins now being generated will cause the value of existing Bitcoins to skyrocket, and indeed, their value has risen about 10% in the two weeks preceding the 210k milestone. But others believe that since the majority of users – 78%, according to one study – appear to have been hoarding Bitcoins in anticipation of selling them once their value rises, the resulting flood of Bitcoins into the market will have a dampening effect. Only time will tell who’s right. Regardless, it’s a fascinating technological experiment that bears watch...

Full article: http://calvinayre.com/2012/12/02/business/switch-poker-bi...

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calvinayre.com 02 Dec '12, 5am

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cardplayer.com 29 Nov '12, 11am

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BitMessage: A Model For A New Web 2.0? | Bitcoin Magazine

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bitcoinmagazine.net 01 Dec '12, 7pm

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news.ycombinator.com 02 Dec '12, 6pm

I disagree. inflation is _a_ motivator for exchanging currency for other assets/services. But i don't think it is a primar...

Bet: President Obama will use the word "bitcoin...

betsofbitco.in 03 Dec '12, 3am

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prlog.org 28 Nov '12, 7pm

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cs702.wordpress.com 02 Dec '12, 7pm

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silverunderground.com 03 Dec '12, 8pm

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bitcoinnews.com 01 Dec '12, 12am

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Bitcoin Hits 10.5 Million - Mining Payment Halves #bitcoin

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i-programmer.info 29 Nov '12, 10am

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cyberwarzone.com 28 Nov '12, 12pm

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Gotta love the Bitcoin community: Wikipedia doesn't accept BTC donations, so BitPay sets up a merchant account for free

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blog.bitpay.com 29 Nov '12, 5pm

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