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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I watched the documentary on Netflix which was very detailed about Bitcoin. I can't imagine I would spend a penny on it until its backed by something or more regulated. Its like a fraud wrapped in a con built on a ponzi scheme. It is great for online wagering or drug dealing. Outside that, the only way to make money appears to be buying and hoping hucksters hype it up enough to resell to a bigger sucker. I'll pass for now.