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To: catfish1957

I don’t have any Bitcoin, just saying that it’s less prone to debasement than is the dollar.

My family has gold, silver, guns, and ammo saved up for a rainy day. We also have dollars, but we don’t trust in a government that no longer Trusts in God.


20 posted on 02/19/2016 12:18:25 PM PST by MeganC (The Republic of The United States of America: 7/4/1776 to 6/26/2015 R.I.P.)
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To: MeganC
I don’t have any Bitcoin, just saying that it’s less prone to debasement than is the dollar.

Bitcoin as a commodity it is a pure speculative play. I am not thrilled either with the state of our financial system (i.e $19T debt), but relying on bitcoin as your means of currency tender is rife with danger.

22 posted on 02/19/2016 12:26:46 PM PST by catfish1957 (I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
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To: MeganC

Why would you think its less prone to debasement?

With each passing year the computing power needed to “mine” another coin reduces by a 1/3 to a 1/2... If suddenly quantum computing comes of age, mining bitcoin becomes little more than a printing press for anyone with one....

Enjoy speculating, because that’s all you are doing.


29 posted on 02/19/2016 12:34:57 PM PST by HamiltonJay
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