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To: oblomov

The advantage of a blockchain currency is that no government can control it.


2 posted on 05/29/2016 5:07:24 PM PDT by E. Pluribus Unum ("During a time of universal deceit, telling the truth is a revolutionary act" --George Orwell)
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To: E. Pluribus Unum

I never quite understand the attraction of Bitcoin.

But, also never understand, isn’t the trading in Bitcoin similar to how traders trade in any foreign currency? And depending on their trades, they hope that the Euro, Chinese Yuan(sp?), Japanese Yen, American dollar, or any other, go up or down depending on their trading?

Is trading in Bitcoin just like trading in any other currency or is there more to it?


4 posted on 05/29/2016 5:15:41 PM PDT by Dilbert San Diego
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To: E. Pluribus Unum

Exactly. If one values individual liberty and Constitutional principles, one should own some cryptocurrency.

In my view, the two most viable cryptocurrencies are Bitcoin and Ethereum.


6 posted on 05/29/2016 5:19:36 PM PDT by oblomov
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To: E. Pluribus Unum
The advantage of a blockchain currency is that no government can control it.

The disadvantage is that EVERY SINGLE TRANSACTION is completely traceable. You cannot keep transactions anonymous - ever. And that's by design. Using a few $20 is untraceable; using a Bitcoin is totally traceable.

16 posted on 05/29/2016 6:31:47 PM PDT by Shanghai Dan
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To: E. Pluribus Unum
>i?The advantage of a blockchain currency is that no government can control it.

Government controls the internet, which is the means of exchange.

18 posted on 05/29/2016 6:37:31 PM PDT by RegulatorCountry
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