For those who want to know what BitCoin is, see the presentation here:
http://www.businessinsider.com/presentation-what-is-bitcoin-2013-3?op=1
Tulips back then, carbon credits, our currently overprinted dollar, now bitcoins. All backed by what real asset?
I think his tendentious use of the word bizarre is unprofessional.
5.56mm
Even digital fiat money isn’t immune from the pump & dump syndrome.
Beware of the bitcoin moneychangers.
if you don’t understand the concept of intrinsic wealth, you will die poor, cold, and hungry in a government sponsored ghetto.
Bitcoins always struck me as bordering on a scam. The funny part is how it is embraced by people who complain about fiat currency when bitcoins are fiat on steroids and have the disadvantage of limited acceptance.
Art recommends Cashin’ in!
P.T. Barnum could have explained it to them.
http://www.gutenberg.org/files/24518/24518-h/24518-h.htm
CONTENTS.
Volume I.
Contents.
List of Engravings.
Preface.
The Mississippi Scheme.
The South-Sea Bubble.
The Tulipomania.
The Alchymists.
Modern Prophecies.
Fortune-Telling.
The Magnetisers.
Influence of Politics and Religion on the Hair and Beard.
Volume II.
Contents.
List of Engravings.
The Crusades.
The Witch Mania.
The Slow Poisoners.
Haunted Houses.
Popular Follies of Great Cities.
Popular Admiration of Great Thieves.
Duels and Ordeals.
Relics.