The difference between tulips and Bitcoins is that tulips have intrinsic value. You can't smell a Bitcoin.
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The difference between tulips and Bitcoins is that tulips have intrinsic value. You can't smell a Bitcoin.
I assume you have the same objections about all other forms of money, scrip, currrency?
Can you smell a stock share? Can you repossess assets if they go bannkrupt?
Actually, I'm a fan of community currencies and floating currencies.
If a business that goes bankrupt has assets that can be liquidated, then you can get something back. I should point out that I'm not a fan of stock market speculation.