Quote Originally Posted by CuraHack View Post
So technically the money is created out of thin air, so it doesn't have any value. See I wouldn't except bitcoins if I knew they ware created out of thin air. Then again, I could start a profitable business generating bitcoins on some high end servers?

Sound a bit like what the Fed does...
exactly. it is very much like national money.

It has no intrinsic value, but since there are people willing to trade bitcoin for goods or services, and especially for other currencies, it acquires a value.

At the moment it is worth 5$

http://bitcoinwatch.com/


One side note: if casually you would have bought 50$ worth of Bitcoin 10 months ago, today you would have roughly 50.000$