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osmoisis comments on Making money with Bitcoin? - Less Wrong Discussion

18 Post author: Clippy 16 February 2011 07:17PM

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Comment author: osmoisis 26 August 2011 06:05:20AM 0 points [-]

Its called a Deflationary Bootstrapping Economy. A startup currency. A currency isnt good unless it is widely used. Bitcoins become widely used by providing the speculator reward incentive to be an early adoper and spread their use. Its a key feature that will make it successful.