Study finds 95% of all Bitcoin trading volume is fake, designed to lure in ICOs

[smulder]

@Boundegar

You throw “fiat dollars” in there as if there was some other kind of dollars. You know we’re off the gold standard now, right?

@doctorow

That is rather the point.

Anachronistic mumblings about the gold standard do not seem relevant to today’s arguments about government money versus computer money. “Fiat dollars” and “Bitcoins” are both created by somebody somewhere waving a magic wand and chanting “let there be value.”