Bitcoin
Out of context: Reply #725
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CS - you've posted videos that begin with "Ron Paul told me...."
Do you not recall that? Or did you not watch it?
From everything I read, it is a great possibility for exchange efficiencies and reducing transaction costs. Competition is good.
However, until there is stability, which, inherently, it doesn't seem like that'll happen for a while, it cannot be a currency. That's just not possible nor practical.
Propaganda - the videos CS keeps posting are gold related (and Libertarian biased, see above quote), and, looking at gold over the last few years, not exactly a safe haven it once was. Its the same story we've all heard for years now, what got the TP'ers and L's in power. So far, it is an old story that has little merit in reality (no one knows the future).
Companies like Zigna and Overstock have gotten great free publicity from this, as has some politicians. Its a hot topic and quite interesting (why I keep reading). But so far, there is no reason to think it is nothing more than speculation and a trading tool or commodity.
No company will keep any payment in Bitcoin, it would be immediately exchanged for $. Too much risk in the volatility.- see S curve
http://www.youtube.c…CableStudios - Perhaps, but until it stabilizes it can't be anything but a trade or transaction tool, NOT currencyformed
- also, why is he comparing to stocks? That would suggest it is an investment, not a currencyformed
- further, you could compare it to, uh, Zigna as well....that wouldn't look so prettyformed
- see S curve