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To: Quilla

Yes he’s an idiot, but bitcoin and other cryptocurrencies are really the way ahead for all of us.

You can’t counterfeit it like you can hard currencies. Yes you can manipulate a young market...that’s always the case.

Why I hope it catches on is that politicians can no longer run their ponzi schemes like Social Security by just printing more money. It’s kind of like going back to a gold standard.


4 posted on 01/18/2018 10:02:08 AM PST by for-q-clinton (If at first you don't succeed keep on sucking until you do succeed)
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To: for-q-clinton
Yes he’s an idiot, but bitcoin and other cryptocurrencies are really the way ahead for all of us.

In reality, it has no more backing than the US dollar as values for both are based on confidence and volume. Bitcoin is extremely volatile because a relatively few amount of people are buying and selling it. And all know it is very high risk.

And Bitcoin isn't the only cryptocurrency out there. One of them will eventually become a standard of some sort.

13 posted on 01/18/2018 10:18:47 AM PST by Tenacious 1
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To: for-q-clinton

It is time to assert the record as established by the brilliant economist J. Orlin Grabbe. He established in the late 90’s the Digital Monetary Trust and the currency called the Rand (named for Ann Rand)

Unfortunately he died and with him the project died.

Bitcoin is an echo of the Digital Monetary Trust and the Rand

https://en.wikipedia.org/wiki/Digital_Monetary_Trust


16 posted on 01/18/2018 10:28:09 AM PST by bert (K.E.; N.P.; GOPc;WASP .... The Fourth Estate is the Fifth Column)
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To: for-q-clinton
Why I hope it catches on is that politicians can no longer run their ponzi schemes like Social Security by just printing more money. It’s kind of like going back to a gold standard.

Sounds like you think it would be a great thing to undercut the U. S. Dollar.

The way to stop the deficit spending is to spark the economy and reduce spending. That is exactly what Trump is doing, and that will make our nation stronger, not weaker.

Undercutting the dollar would be national suicide.

17 posted on 01/18/2018 10:28:55 AM PST by DoughtyOne (a/o 01/17/18 DJIA close 26,115.65, 45.993% > the morning of 11/07/16. 716.77 to 50% increase..)
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To: for-q-clinton
Why I hope it catches on is that politicians can no longer run their ponzi schemes like Social Security by just printing more money. It’s kind of like going back to a gold standard.

Except cryptocurrency is nothing like a “gold standard” because a gold standard is, well, backed by physical gold. Cryptocurrency like bitcoin is backed by, well, nothing-nada-zilch.

22 posted on 01/18/2018 11:09:12 AM PST by brent1a
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To: for-q-clinton

are really the way ahead for all of us.


Why?

Do you think the government wont regulate it?

I believe China is moving in that direction now.


40 posted on 01/18/2018 12:35:54 PM PST by Freedom56v2 (#KATE'SWALL Build it Now)
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