Posted on 12/05/2013 8:17:24 AM PST by Errant
Total bitcoins in circulation as of December 2013 12 Million Plus...
how does one short the Bitcoin?
Tell those "fat bastard" Asians running roughshod and enslaving their people to come take 'em... ;)
When Enron collapsed, there was nothing of substance left. What’s going to be left when bitcoins collapse?
As far as I know, there isn’t a market that allows for that, yet, but there has been talk of creating something similar to COMDEX which could allow for it.
How that scam can keep going and going and going is beyond comprehension.
Move Zig.
For Great Justice.
I hear that Fat Bastard makes decent wine.
I did correct that in a succeeding post. Thank you.
Please.
Bitcoins are the WORST form of fiat currency. They aren’t backed by tangible assets. They aren’t back by force of law. THEY ARE BACKED BY WASTE.
Yes, that’s right - WASTE.
How is a Bitcoin created? By wasting computational cycles on a computer performing an algorithm with no value other than to create the Bitcoin. The electricity and CPU productivity is completely wasted to create VAPOR VALUE which people says has value because it is scarce? Puh-lease.
At least the fiat currency created by the U.S. government has legal backing. At least it says “The note is legal tender for all debts public and private.”
The Bitcoin has no such protections. If you owe someone money and try to give them Bitcoins, they can refuse. They cannot refuse dollars. The law will at least back you up and absolve you of your debt.
Just like junk stocks, anyone holding Bitcoins will soon find themselves holding the bag. Bitcoins are worse than a joke. They are a wasteful disease.
I have a deep and strong respect for all Asian people, and many close friends, it’s those who take advantage of their hard working and good nature that disgusts me. Kind of like what our leaders are doing in our country today...
Lol, try this: go pull out about $100,000 in "cash" from your bank, if they'll even let you have "cash", and go run a red light in another city in front of the police, letting them see the bag of money in your back seat and see for yourself how well "the law" will back you up. ;)
1074 is a ‘crash’? LOL! 3 days before Thanksgiving it was 500!
I have to agree on all counts.
It's possibility the greatest form of currency invented offering both security and efficiency of use beyond anything before imagined. There is no need for government, banks, paper, vaults, transport, tellers, or guards; no need for heavy mining equipment, waste of paper, waste of fuel, waste of labor or need for war when governments lose control of their fiat...
Bitcoin is really a Ponzi scheme. As soon as the government figures it out, they will shut it down.
When Money Is Corrupted - Hidden Secrets Of Money Ep 5 - Mike ...
Be sure to check out Ep. 4 while you're at it...
The same thing that will be left when the USD collapses.
So how does that make Bitcoin any different from gold or silver?
The pyramid is pointed the opposite direction of a Ponzi scheme.
Seriously, if I have to explain to you why a string of encoded bits is less valuable that a physical good you can hold in your hand, then it’s not worth having the conversation with you.
Potting soil - that’s right DIRT - is intrinsically more valuable than Bitcoins. They are a sad joke being perpetuated by anarchists. The 60’s crowd and Bill Ayers probably think they are the best thing since sliced bread.
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