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>> CHRIS DIXON Latest News

JAN 02, 2014 - Business Insider

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Why Bitcoin Has Value, According To One Of Its Biggest Supporters

There's one big unanswered question that dogs Bitcoin: Why does it have any value?  Economist Brad DeLong explained the conundrum best: Underpinning the value of gold is that if all else fails you can use it to make pretty things. Underpinning the value of the dollar is a combination of (a) the fact that you can use them to pay your taxes to the U.S. government, and (b) that the Federal Reserve is a potential dollar sink and has promised to buy them back and extinguish them if their real value starts to sink at (much) more than 2%/year (yes, I know). Placing a ceiling on the value of ... Read More

Tags: Why Bitcoin Has Value, According To One Of Its Biggest Supporters,  Chris Dixon Latest News