Regarding currency value
> seeandsee: I ANSWERED it to you, now please without writing about other stuff, answer my questions, thanks!
You did not answer it! You only said that you fully trust any currency backed by any country.
You did not explain where value of any of such currencies come from. If you ask to explain value of bitcoins and jump on it with wild machete, I at the very least expect you to have a decent explanation on the value of any other currency. Backed by country argument is simply pulled out of your ass. FIRST: it does not give immediate value to it simply by issuing it SECOND as history has proven to us that no currency backed by country. If country has a problem currency inflates through the roof, you life savings become useless there are plenty examples in the world. look at your south neighbors now, USSR money defaulted and Zimbabvean dollars defaulted and no fiat currency is protected from this once shit hits the fan.
Once you begin to understand that real value of ANY CURRENCY comes from people using it you will realize that Bitcoin in this respect is no different than any other currency. Money in any way shape or form are simply tools of exchange. And participants of exchange ultimately decide what's it worth is by backing up with pairing it with anything tangibles/services/other currencies
> Yes, i trust them more, i know the risk, and still i trust them more, is't that clear. If you trust more bitcoins, why dont you convert all your money form savings into bitcoins?
How do you know what I have invested and what I have not invested into it? I will be stupid for putting all my eggs in one basket and not weighting the risks of something very very new such as Bitcoin. I read, I research, I like the idea, I see global benefits for such thing, and I move with market but not running ahead of it. As i said numerous times before, Bitcoin can go either way, could go down or it could go up.It will be rigorously tested and either accepted or put down. Even if Bitcoin will fail - it ignited something that I doubt could be stopped so new solutions will spring in this case.
People want to have control of their money and people have the right to personal privacy including financial one. Bitcoin or its future incarnations solve this problem.
> you compare bitcoions and euros, come on it's like comparing new aircraft and some old car...
Dude I was explaining "VALUE" and why people convert from one thing to another. We can remove Bitcoin and Euro from there, replace them with apples and oranges as currencies and those arguments will still be applicable.
> First i trust more cash backed by any country, then to trust virtual currency backed by some software that could have vulnerability of all kind. And where is all Bitcoin data stored secured? What if that storage one day is crashed? Or you want to say there is no central database for bitcoins, explain it that for god sake to me?
Do you understand meaning of words such as DISTRIBUTED & DECENTRALIZED now apply that to digital currency and you might begin to realize its beauty. Whole system is very transparent. All transaction data is stored in a blockchain shared among by all peers THERE IS NO CENTRAL STORAGE SPACE, there is no single point of failure in the Bitcoin network! Educate your self
http://en.wikipedia.org/wiki/Bitcoin all your questions are addressed there.