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Bitcoin -- the new currency?


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Old 04-24-2013, 10:01 PM   #1
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Default Bitcoin -- the new currency?

Anyone know exactly what is a Bitcoin? And how does it evolve, at least potentially, to becoming the new currency internationally? Is this just a titillating concept of some complexity that might not have the value it hopes of achieving? It proclaims some sovereignty in that it excludes central banks and governments from prying into personal affairs. I understand that it is growing worldwide. But for how long? Will it last?


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Old 04-24-2013, 10:02 PM   #2
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I am very skeptical of it. The only thing unique about it is scarcity. There's nothing else backing it up. It's fiat currency, just private fiat currency.


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Old 04-24-2013, 11:12 PM   #3
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Yes, you're right Scott. I can't help wondering if it's not in the realm of a Ponzi scheme. Perhaps not at first, but fearfully later.
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Old 04-24-2013, 11:13 PM   #4
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Bushmaster AR-15 for sale. 25,000 bitcoins.
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