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Posted on 03/09/2014 7:58:39 AM PDT by Kaslin
Regulators in various countries are grappling with bitcoin. What the hell is it? It's a good question and answers vary widely.
(Excerpt) Read more at finance.townhall.com ...
no one and nothing....
and with a $100 to $200 million dollars data security breach (i.e. theft) people will be less likely to ‘trust’ that Bitcoin will be there for any exchange of value. Someone gets your money and you get NADA
You mean like the Mafia and Vegas??
a ‘few”???? No wonder people don’t blink at TRILLIONS in budgetary nonsense from DC when hundreds of millions of dollars of bacons are lost
Ping
Salt was a form of currency at one time. That is where the term “worth his salt” came from.
Bacon’s are lost....noooooooooo...not the bacon. :-)
It’s legal, right now it’s kind of riding the line between private currency and a commodity.
drat..... I have got to turn off that auto correct feature. It sneaks back in on me when I am not paying attention (or bitcoins)
“Salt was a form of currency at one time. That is where the term “worth his salt” came from.”
It’s also where the word “salary” comes from!
Oh, what nonsense.
Bitcoin may or may not be the answer, but ordinary people are quite capable of finding something to serve as currency without the government's blessing. After all, we manage to buy and sell tomatoes on our own -- tell me how you think money is any different.
For those who understand that all fiat currencies’ (such as all currencies currently in circulation)value eventually approach the value of the paper it’s printed on, have your $ in things that appreciate value over time instead of depreciate. As such, gold currently provides with a good value as it is barely above the cost of production. Gold miners are even better as they got absolutely wacked the last couple of years and have a long way to recover.
This tapering by the Fed will be short-lived. It will cause interest rates to rise, and when they do, our oversized debt will cause the interest payments on the debt to eat a huge chunk of the budget, and make up an even bigger portion of the deficit. Borrowing $ to pay interest on the debt is not sustainable, and the Fed will be forced to start the printing presses again. This will devalue the Dollar further, especially as compared to gold.
Ponzi: take yer profit before the suckers catch on...
They should have called them CREDITS.
ALL the future space stories used them!
| will WORK for FOOD |
Add a middleman into this equation and THAT is where things get sticky...
It’s a fool’s gambit.
It’s a fool’s gambit.
-PJ
This is why the right loses election after election after election. The inability to adjust a rigid mindset, cavemen.
The Bitcoin protocol is the greatest breakthrough in the history of computer science, this can not be overstated. It is changing our existence as I type. All you have to do is go on Twitter and see hourly reports of more people and places of business accepting it as payment. The growth is exponential and nothing has a greater network effect than money.
Bitcoins adoption is out pacing every technology that has come before it and when it hits critical mass its rise will be more rapid than Google and Facebook combined.
For the sake of your families and their future try to look at this with open eye’s. Look at early adopters, they are some of the most brilliant minds of our time. There is a massive influx of venture capital building infrastructure that will dominate the future.
Am I to understand that the majority FReepers stand with the Nobel Laureate Paul Krugman? A man who couldn’t grab his ass with his own two hands? Naysayers in the media, tulip bulbs, monopoly money, wooden nickels? rank stupidity.
The person or persons who merged technologies into the Bitcoin Protocol are of the intelligence level of Einstein, you really need to understand this. The absolute nonsense spewed on this forum has really opened my eyes to the problems underlying the failure of the rightwing in this country, it is pitiful.
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