"They will fail, because money that is not issued by governments is always doomed to failure. Money is inevitably a tool of the state."
How about gold? Bitcoin can just as easily be seen as a limited commodity as as currency. It's even mined :).
How about gold? Bitcoin can just as easily be seen as a limited commodity as as currency. It's even mined :).
Bitcoin has no intrinsic value. It's a financial instrument.