[canuck_conservative]

I remain cynical that one can just make something out of nothing and decide that it's money.

Ummm .... isn't that what "paper money" is?

The real value of that piece of colored paper is a fraction of a cent, but everyone agrees that it has a value of $20 - $50 - $100, whatever, depending on the ink on it.

As long as people support any "currency", it will have value.

[MrB]

The real reason that the left/government is trying to torpedo bitcoin is that it can’t be controlled centrally.
One leftist commentator even let that slip that that was a major “problem” with BTC.

[grania]

re: bitcoins vs paper money

I'd much rather go back to a situation where that money represented silver or other valuable reserves. It's true that it's based on government trust. But there's a difference....that money is something I have for a reason...I earned it or invested or sold something to get it. If I want more of it, those are the things I'd have to do.

How do I go out in the real world and earn a bitcoin? I'm a long way from being convinced.

PT Barnum would love your argument, though. <^..^>