Posted on 02/06/2018 5:46:50 AM PST by C19fan
You did not have to be a technophobe to worry that the virtual-currency boom of the past year papered over plenty of problems.
The scale of those problems is starting to become clear as digital tokens have slid more than 50 percent in value from their peaks in early January, with steep drops on Monday pushing the value of Bitcoin specifically below $7,000.
(Excerpt) Read more at nytimes.com ...
You said it very well. Distributed versus centralized. I am going to use that.
Currency not backed by anyone isn’t currency.
Only as long as your accounts with that bank are below the FDIC limit and only because that bank carries 3rd party insurance against loss. Not all markets require such consumer protections.
” Is the DOW an investment? “
Yes!!!!!!!!!!!!!!!!!
OK. You DO see the difference!
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