Bitcoin

Out of context: Reply #499

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    @CableStudios

    So wait, you don't trust the U.S. government and are convinced the dollar is about to collapse...but you trust investing in a currency supposedly created by the World Bank?

    I have no idea if such apocalyptic predictions come true, but if so how many Bitcoins you own will be the least of your concern.

    Anyway, I thought the post made some good arguments about how Bitcoin is not really being used for anything except as a speculative investment by rich people. This is pretty much the definition of a bubble.

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    • All the talk about the collapse of the dollar misses the point. If that occurs, you'll want guns, food and water..."virtual" anything will be worthlessformed
    • "virtual" anything will be worthlessformed
    • in the end hard commodities such as food and things people need are more valuable then abstractyurimon
    • currencies. you cant eat a bitcoin or a gold nuggetyurimon
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