Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Dutchboy88

Thanks for the clarification. The Bitcoin economy is by your definition a barter economy as users are already exchanging value using it outside the USD. No going to be about it.

We’ll see about the script kiddies being able to break the Bitcoin system. While I don’t know every jot and tittle I have a good understanding of the system and it looks solid so far (I’m a programmer).

You indicated upthread that you don’t see the point of Bitcoin. Personally, my interest is in a secure payment system where I don’t have to expose my banking and id information to theft. Having the transaction be cheaper is a plus, though it may not be any cheaper once most of the bitcoin are produced. I would much rather see a stable price so I can transact without the downside risk. So if it falls to $50 and stays stable at that, I’m good.

FRegards,

Database


62 posted on 01/15/2014 3:35:18 PM PST by Database
[ Post Reply | Private Reply | To 61 | View Replies ]


To: Database
"So if it falls to $50 and stays stable at that, I’m good.

Let me help with that... "So if it falls to one pair of mediocre shoes or a half hour of plumbing and stays stable at that, I'm good..." Weren't we supposed to rid ourselves of that pesky US$???

66 posted on 01/16/2014 7:02:01 AM PST by Dutchboy88
[ Post Reply | Private Reply | To 62 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson