Bitcoin - you just don`t get it!

I think bitcoin has future - maybe i am hyper positive - but i believe there are many bright heads who will make it work - bitcoin is resistance currency - not a way to store value but it can play out well

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[KSASTAMPS]

Bitcoin is not a good solution to the failing worldwide fiat currencies, because it is WORSE than fiat: Bitcoins has all the BAD features of fiat currencies, but additionally has a valueless basis for issuance, and no legal tender laws to support it. Therefore, it is much worse than fiat currencies in this regard. Watch for the bitcoins to fluctuate wildly in value, before it crashes and burns for good. You can't solve the bad problem of fiat currencies with a worse currency!

[jenssdewalka]

@KSASTAMPS you could still barter - cos currency is as strong or weak as is the people trusn who use it

[pam0077]

When someone degrades their argument into a obscenity laced rant, they look like a total fool.

That then begs the question, would you take financial advice (or any advice) from a total fool?

[jenssdewalka]

@pam0077 well u listen to mainstream media fools and that is ok - so whats the difference?

[karu1010]

swearing doesn't make your persuasion any stronger and this surly does not convince me. What I would like to see is that someone explaining what bitcoin is, how it is created and other supporting reasons.

[jenssdewalka]

@karu1010 do a google search

[DaRyteJuan]

Current BitCoin architecture will not survive. Just because it is theoretically scarce, it's not backed by anything in the physical world, so it has no standardized value. Fiat currencies are backed up by guns, soldiers and economies of their respective countries .

If bitcoins had any real value, IBM and Dell, DeBeers and George Soros would be mining them already.

[Erbgrinder]

@pam0077 Get over swearing....its a valid part of everyday communication. Ever think on why some words are "bad words"? Its just the way some people talk. Get over it.

[szalam555]

because I don't want just get it

[jenssdewalka]

@murraysdaddy my bad- sorry

[murraysdaddy]

bitcoin is the shit. you get it - or you don't. if you don't get it, well...fuck off.

[jenssdewalka]

@KSASTAMPS in some ways i could agree- but fiat itself is not the problem but people in charge of that fiat money - for example bitcoin amount is limited - so it cant be inflated - futher more - there is no central institution controlling bitcoin - no fees - easy to use abroad - in my view - perfect solution for bringing down the system - take all your money out - and put in bitcoins - if majority would do that - price of bitcoin would raise - banks would go bust - (part 1)