[BfloGuy]

All fiat currencies are a scam.

Though it's fun [and educational, too!] to watch the BitCoin phenomenon unfold, in the end, you're absolutely correct.

Just as wealth is created only by the production of tangible goods, a dependable medium of exchange must be tangible, itself.

BitCoin is nothing more than a fancy debit card. It's only worth something so long as it can be exchanged for existing currencies.

[Monty22002]

That’s economic nonsense. Services create wealth just as well.

[JRandomFreeper]

Federal Reserve Notes are fiat currency. Bits in the Feds computer.

/johnny

[Errant]

Just as wealth is created only by the production of tangible goods

The wealthiest man currently in the world rode to that position on the back of exactly the same thing that bitcoin is made of: computer code consisting of 0's and 1's. And if you think a bitcoin is easy to come by, please go get yourself a copy of CGminer and start mining them. :-)

Ping me in about 20 years when you've mined a whole bitcoin on your Intel 7 processor based computer.