Quote:
Originally Posted by ReplayRandall
Soon.....the fraud that Bitcoin IS, with no transparency whatsoever, will finally be exposed for the world to see, and a major GOVERNMENT operated cyber-currency will take it's place. It's not a matter of "if" this happens, it's a matter of "when".....Everybody's got to be shilling something to make a buck, a certain new stock or option to play, flipping real estate or cyber-scams like these....It just never stops.
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it is taking me a long time to comprehend bitcoin. but the basis of what it is all about is to protect the holders of it from governments all over. governments throughout the world confiscate their citizens money, either by inflation or taxes. for example in our country we now have a 2% inflation rate which excludes food and energy. i can tell you that both food and energy have gone up over 20% year to year. when you add up all the taxes we pay its way over 50% of what we earn. they take our tax money and redistribute it to others that the government favors.
strange as it seems, money has chased bitcoin and not precious metals. in the past 2 years gold has only gone from $1050 per ounce to $1250 the ounce. i suspect that will eventually change though because precious metals have a 5000 year history of protecting the holders against governments and outside forces.
