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Author of "101 Projects"
Join Date: Jan 1995
Location: Rolling Hills Estates, CA
Posts: 27,056
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The article seems quite factual and backed up by actual, well facts? I guess if someone buys Bitcoin with dollars, and then someone trades that Bitcoin for "WayneBucks", then they are essentially buying something worth value (presumably - the Bitcoin), and trading it for a currency not really worth anything (that's presuming that Bitcoin is worth something in theory, or for that matter, the US dollar is worth something). I can see how this is a troubling potential fraud, but I don't see how it really correlates to an increase in the price of Bitcoin. Unless the existing Bitcoins are being exchanged for this fake currency - but I'm not sure how that would drive the price up, unless more and more people are buying Bitcoin to trade it for WayneBucks and that's increasing demand.
I think I just confused myself...
-Wayne
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