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To: Star Traveler
Bitcoin is a scam. It is essentially a synthetic commodity based solely on investor participation (and gullibility).

The biggest liability and IMO the failure mechanism, is that there is no tangible value for a bitcoin. It is merely an internet creation relying on popularity hence value. Once the fad fades, bitcoins evaporate in value.

20 posted on 12/02/2013 8:51:00 AM PST by pfflier
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To: pfflier
Bitcoin is a scam. It is essentially a synthetic commodity based solely on investor participation (and gullibility).

Yep. Just like the Federal Reserve Note.

All fiat currencies are scams.

/johnny

22 posted on 12/02/2013 8:55:20 AM PST by JRandomFreeper (Gone Galt)
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