The list, Ping
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Dead Pool Update
http://www.nachumlist.com/deadpool.htm
A what-the-hell-is-going-on-here BTT
Ping.
Yikes.
Ping
Does he count for the ‘Dead Bankers’ tally? Bitcoiners are sort of the ‘anti-bankers’ aren’t they?
Well!
I guess folks who owned BitCoins lost virtually everything...
Admittedly, I haven’t really been following this ‘Bitcoin’ mess and have NO idea what is up..etc...
Best I can figure from ‘listening’ are Bitcoins actually of no value or nothing backing them?
I realize that if we (say FR) decided we would do business with say matchsticks, that if I buy something for you for 50 matchsticks and you send me the product, the sale is complete between you and me.
Eventually someone (in the grand old pyramid way of things) will end up with tons of match sticks...
Where does this ‘someone’ cash them in or is it just a magical cycle that never ends (??).
When I used to waste my time for entertainment in re solicitors, bill collectors and when complaining about a product etc I would eventually tell them that the ONLY PERSON that I would ‘talk’ to is the one that got the last ‘penny out of every dollar’....
THAT is the one that is in charge of EVERYTHING.
When he doesn’t get that penny then the SHTF.
Back to BITCOINS, I was thinking today, could we liken BITCOINS to the old S&H Green Stamps?
Business used them for lures, people collected them and turned them back in to S&H for different appliances, utensils and think even a car now and then.
WHERE did the S&H people eventually turn in the stamps THEY collected??
Not finding this reported death on any major news outlet yet...hmmmm
pyramid scheme collapsing?