United States dollar almost doubles in value in a single day

http://www.coinion.com/2013/12/07/united-states-dollar-almost-doubles-in-value-in-a-single-day/

by kgermino • 13 years ago

22 20 13 years ago

coinion.com

etanazir2• 13 years ago

Does this type of currency have any intrinsic value?

nkuttler4• 13 years ago

Yes, it's intrinsically useful. See https://en.bitcoin.it/wiki/FAQ#Where_does_the_value_of_Bitco... for a longer reply.

ceejayoz• 13 years ago

So the answer to "is Bitcoin useful" is "Bitcoins have value because they are useful"? You need a better link to make that point.

ninjac0der2• 13 years ago

Useful only to those who have faith in the powers that manipulate it. Same could be said for bitcoin.

yongjik2• 13 years ago

It's telling that I could tell exactly what the story is about without clicking the link. And it's disappointing that the story, after clicking the link, didn't add anything else.

I'm wondering if this is a false-flag article to make bitcoin proponents look clueless and gullible...

vectorpush2• 13 years ago

The site is satire.

http://www.coinion.com/2013/12/07/employee-asks-to-be-paid-i...

http://www.coinion.com/2013/12/07/after-bitcoin-congress-als...

yongjik2• 13 years ago

Ah, I missed the "onion" part of the URL. My bad. :/

opendais• 13 years ago

It is a Bitcoin only Onion...

beaker522• 13 years ago

Clever article, for those that bother to read and understand it.

coldtea• 13 years ago

Clever?

It depends on a single substitution premise that is neither that funny or original (Onion does it all the time) nor very informative (it doesn't provide any real insight, just a false sense of seeing an equivalency between dollar/bitcoin forgeting that there are actually huge differences in areas that actually matter).

nkuttler4• 13 years ago

Personally I think it's rather silly, or, if you prefer, funny. Anyway, seems like enough people flagged it as it disappeared from the front page after a few seconds.

beaker522• 13 years ago

Actually, it's the key to the next level for Bitcoin.

Realising that BTC has a more consistent value which the USD does not, being systematically de-based n' all.

badman_ting• 13 years ago

Bad-Joke Website Continues to be of Little Value

tdees40• 13 years ago

The point of this is obviously that the USD is just as much as a construct as Bitcoin, which, sure! But of course the difference is that the dollar's value doesn't change by 20%+ in a day, so you can rely on it to execute transactions, sign contracts, set salaries, etc.

Bitcoin apologists have generally seemed to see Bitcoin's rise as a positive, which is somewhat true, but it has to be stable to be useful for ordinary people. A volatile currency is not a useful currency.

United States dollar almost doubles in value in a single day

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