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To: crosdaddy

The value in Bitcoin is in the network. I can send money anywhere in the world with it, for pennies or less, inside of 10 minutes, securely, with no govenment interference. Try that with precious metals or cash.

Additionally, I can walk across any border in the world, even naked, and I bring my bitcoins with me. Try that with any other currency.

Bitcoin will go away if the worldwide internet goes away (e.g. grid collapse), while precious metals will remain. That is why I also own some precious metals, also.

If bitcoin’s encryption is broken by quantum computers, there are quantum computer proof encryption algorithms waiting in the wings.

I’m bullish on bitcoin. Bitcoin is the enemy of government and the Federal Reserve counterfeiters.


13 posted on 11/03/2015 9:11:10 AM PST by bkopto
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To: bkopto
Bitcoin is the enemy of government and the Federal Reserve counterfeiters.

Which is fine, but that won't make it attractive as a reserve currency. You will need vast opportunities for investments denominated in Bitcoin. Until you see that happen any talk of Bitcoin becoming a reserve currency is just wishful thinking.

16 posted on 11/03/2015 9:24:58 AM PST by SeeSharp
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