2012-05-11 uproxx.com The FBI Is Terrified Of Nerd Fad Bitcoin

[julz]

The FBI Is Terrified Of Nerd Fad Bitcoin

Dan Seitz
2012-05-11

http://www.uproxx.com/webculture/2012/05/the-fbi-is-terrified-of-nerd-fad-bitcoin/


...
The problem is that Bitcoin is backed by, well, nothing. It basically runs on clapping your hands and believing, which makes it incredibly volatile, as enthusiasts are learning the hard way. Once it becomes too hard to mine blocks, people will simply stop caring and move on to some other fad, and Bitcoins will become worthless.
...

[the joint]

Maybe they should have a gander at this:

http://bitcoinmedia.com/market-volatility-has-gone-down/