Thread: RIP Bitcoin
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Old 09-11-2011, 06:36 AM  
core_dump
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Quote:
Originally Posted by facialfreak View Post
the main problem with bitcoin ... is that it's based on NOTHING!

people have backed currencies with GOLD and SILVER for thousands of years ... but a currency backed by absolutely NOTHING has no ability to instill trust in people to take it as a viable alternative to physical currencies.

1,000,000% increase of NOTHING .... is still NOTHING.
I couldn't ascertain whether you were talking about the silly bitcoin or the US Dollar. Something tells me you have the belief that most currency is backed by something besides "full faith and credit"?

You are cleared for a hard landing, rwy 18, wind 200 at 15 gust 18. Altimiter 29.95. Good day and good luck.
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