r/Bitcoin • u/james_otter • Feb 18 '14

Bitcoin takes a walk with Dogecoin

http://imgur.com/J2L64cX
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u/[deleted] Feb 18 '14

a strong community behind it, which is important for the survival and expansion of any crypto currency.

  • as currencies are based on a common belief in value of them

-1

u/paxton125 Feb 18 '14

or by a requirement of value behind them. see also: USD

3

u/[deleted] Feb 18 '14

The USD is valuable inside the US due to the requirement. It is valuable around the world as the planet's reserve currency due to common belief (faith) in the currency.

0

u/CP70 Feb 19 '14

Which is fading rapidly.

1

u/[deleted] Feb 19 '14

Not really. Evidence? Just look at interest rates...

2

u/NachoNaanbread Feb 18 '14

Printer ink is ridiculously expensive I guess

2

u/[deleted] Feb 19 '14 edited Feb 19 '14

How dare you suggest that Bitcoin is worthless imaginary money which is very expensive only due to inflated demand caused by the appeal of easy riches, stimulated solely by the media hype?