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Old 05-17-2011, 01:56 PM   #105
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Join Date: Jun 2002
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Originally Posted by AllAWD View Post
Yes, but people believe it has value and therefore are causing it to have value.

I believe I'm starting to understand this stuff, but it irritates me that this can happen. It's like children inventing an imaginary money.
All fiat currency is invented. Read the story of how Brazil transitioned to the Real sometime. It was pretty much exactly like that, except theirs was called a 'Unit of Real Value' instead of bitcoin or Euro.
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