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Other News:

Bitcoin’s Recent Price Stability Could Point To Growing Maturity

UK reviews Bitcoin tax as global regulators seek to cash in

Texas medical clinic accepts BITCOIN as a form of payment

São Paulo to get first bitcoin ATM in South America

Bitcoin Judged Commodity in Finland After Failing Money Test

Korea's biggest Bitcoin exchange gets $400,000 from Silicon Valley investors

Bitcoin Resumes Service In India

Milton Friedman Predicted The Rise Of Bitcoin In 1999 [Video of Milton at Link]

1 posted on 01/20/2014 8:17:37 AM PST by Errant
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To: Lurkina.n.Learnin; nascarnation; TsonicTsunami08; SgtHooper; Ghost of SVR4; Lee N. Field; DTA; ...

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2 posted on 01/20/2014 8:19:21 AM PST by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
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To: Errant

If I were disposed to do so, the only thing I would use them for is to purchase illegal drugs on the internet without fear of being tracked.


5 posted on 01/20/2014 8:33:38 AM PST by Gaffer
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To: Errant

Bubble


8 posted on 01/20/2014 8:42:37 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: Errant
Bitcoin causes some vigorous discussions.
And thanks for your links.
I understand the criticism of bitcoin as ‘fiat’, but the criticism seems to equally apply to the dollar, backed by nothing, infinite quantity, possible market manipulation by secret forces.
At this point in time, it may be advisable for those with savings, to consider a dip in the bitcoin pool..not betting the farm, but enough to buy a bus ticket back home and a can of beans. If bitcoin goes bust, it would be like leaving a months 1965 wages in bank savings at 3% interest minus taxes minus inflation. If dollars savings are confiscated or the currency is changed, most people would lose everything...see Greece, Cyprus as comparisons. The screwing would be different but comparable.
TWB
11 posted on 01/20/2014 8:58:01 AM PST by TWhiteBear (Sarah Palin, the Flame of the North)
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To: Errant

What ever else it is or isn’t it sure isn’t a Ponzi scheme.


12 posted on 01/20/2014 9:02:23 AM PST by DManA
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