Quote:
Originally Posted by Fager Fan
Why don't you ask for your next paycheck to be paid in bitcoins? Have fun paying your bills. The only way you'll be able to do so is by finding someone who will exchange it for US dollars. It's not a currency yet, and I predict it never will be. It's just a trading speculation. Not backed by any government or anything. It's a huge Ponzi scheme. All the excitement over this is over speculation or how to use it for illegal purposes. The only way for it to succeed as currency is for there to be no excitement over those two reasons, which would make it no better than the US dollar, so why would I prefer it over the US dollar?
I look forward to the day when all the fools are crying over holding their worthless bitcoins. But congrats on giving millions and millions to the people who first invented the computer play money.
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A lot of people think the same of the US dollar...what's it backed by? Faith in the US government to pay up? That's reassuring...
Someone is willing to pay over $15,000 for one bitcoin. Wish I had some...
Same thing.
If/when people LOSE faith in the US Dollar, you'll need a wheelbarrow full of dollars to buy a loaf of bread.
If/when people LOSE faith in bitcoin, it will be worthless...
Yeah, the chances of lost faith a much more likely with bitcoin vs. US Dollar, but you get my point. Neither is backed by anything except FAITH.