Maybe we've been seeing different criticisms, but the ones I've seen don't just ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		kd0amg on June 7, 2011 \| parent \| context \| favorite \| on: Why Bitcoin Will Fail As A Currency Maybe we've been seeing different criticisms, but the ones I've seen don't just complain that it's not backed by fiat -- they complain that it's not backed by anything.

kruhft on June 7, 2011 [–]

I think it's getting backed by all the people that are putting money into it.

tptacek on June 7, 2011 | [–]

That's the same kind of backing tulips had.

Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact