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`lag

Joined: 12/13/1999 Posts: 62574
Likes: 14988

What's this?

I kind of disagree with their article...


Bitcoin has to have some sort of backing to it. This would be the first step in people saying "I trust bitcoin" and that you can buy a loaf of bread with it. Probably a necessary step to get that confidence in it, and yeah, it will bubble and collapse.

Not saying it will work or ever be considered as a curency, but hey, that's the only thing that keeps the dollar going, simple confidence that it will be around for a while (and that the Federal Reserve does a good job of managing it)

(In response to this post by DonHo-kieHi)

Posted: 12/15/2017 at 1:47PM


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Current Thread:
 
  "Bitcoin failing as a Currency"....... DUhhhh! -- DonHo-kieHi 12/15/2017 12:44PM
  I kind of disagree with their article... -- `lag 12/15/2017 1:47PM
  I don't see how it's a currency really. There are very limited things you -- AbsolutVT03 12/15/2017 1:11PM
  And at the top, they need to have people willing to pay for it -- HokieSignGuy 12/15/2017 1:21PM
  From what I understand selling it can be a bit tricky... at least selling -- AbsolutVT03 12/15/2017 1:46PM
  Right now, it's really not stable enough to use as a currency, -- Hokie360 12/15/2017 1:45PM
  Agreed. ** -- AbsolutVT03 12/15/2017 1:47PM
  Dutch Tulip bulbs. Yes, like every currency, it's only worth something -- Late 80s Hokie 12/15/2017 12:48PM
  Great analogy. It is a commodity in my mind -- HokieHutch 12/15/2017 2:10PM

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