If you put a thousand dollars into bitcoins, anytime in 2009 thru 2010, you would be a very, very rich man today.
Who knew, when I first heard of it, I thought it be a huge scam.
The purveyors of fiat currency on the other hand (folks like the Fed (a collaboration of big banks)), and others (World Bank, Euro Banks, Chinese, Bricks, and etc.) go to extremes to keep their inner workings secret.
http://monetaryrealism.com/bitcoin-is-a-scam/
True. But it's also true that early participants in a chain letter, or more legitimate multi-marketing schemes like Amway or Herbalife do very well, while later entrants do not. Time will tell.
>>”you would be a very, very rich man today.”
Is there somewhere you could cash it into dollars?
Me, too. It isn't over yet, and there seem to have been a lot of things going on to lure the money into the markets and out of the mattress, one way or another. I view this as another market, and with one zot somewhere, one which won't even leave it's buyers holding a piece of paper or a chunk of metal.
While the idea that it is easier to store than food or metals, harder to detect (on your person--because it isn't there), and theoretically more transportable, it relies on systems which may or may not continue to function in less than optimal future circumstances.