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

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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.

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