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To: Tonytitan

How can that be?

My bank account has the same value today as it did last week. I don’t have to beg people to tell me what the value is minute by minute, or worry about whether I can find someone to take payment when I want something.

Or worry that the product I want to buy will double in value between the time I pick it and the time I close my order.

Bitcoin is lousy money. The prime requirement of “money” is that it serve as a good medium for transfering the value of work I do through to the redemption of that work for something I want.

I would not want to be paid in company stock, and I certainly would not want to be paid in bitcoin, unless I could immediately convert it to cash.

And I’m guessing that there is not one person at FR, even the most rabid pro-bitcoin person, who has converted all of their cash to bitcoin.


49 posted on 03/01/2014 2:23:42 PM PST by CharlesWayneCT
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To: CharlesWayneCT

You bank account most definitely does not have the same “value” it did last week.

It may have the same amount but the value has gone down.


63 posted on 03/01/2014 6:55:23 PM PST by mad_as_he$$
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To: CharlesWayneCT
My bank account has the same value today as it did last week.

Then your balance must be ZERO!

68 posted on 03/02/2014 4:23:30 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: CharlesWayneCT
And I’m guessing that there is not one SANE person at FR, even the most rabid pro-bitcoin person, who has converted all of their cash to bitcoin.
69 posted on 03/02/2014 4:24:30 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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