Quote Originally Posted by Blink View Post
What a clever way of introducing the masses to pure digital currency. Let them think they made it up to circumvent the banker criminals and once everyones on board, crash it or take it over. South Korea is a recent good example about how easy it is to crash a system...........
Ya never know!



I am not attached to Bitcoin, hell Bitcoin could be the Devil. I can see a future where banks are in control of Bitcoin by being in control of the miners, which could have been the purpose all along. However, as it stands, Bitcoin is more "honest" than the stock market and the FRN system.

It is funny that a community that consists primarily of IT-type people, nerds living in their parents' basements, and anarchists/libertarians, can play around with an infant "internet money", that initially had a free-market valueof $0.001 per bitcoin, and have now come to command a free-market price of $65 per bitcoin.

People have gone from living off of ramen noodles to being millionaires by running a program on their computer. It's pretty crazy actually. And these people would be the financial elite if Bitcoin were to truly "get big".

3 years ago, 10,000 BTC would buy 2 pizzas, delivered.

Today, you can buy a house for less than 10,000 BTC.

I am not advising anyone to buy/sell/hold bitcoins. I am just discussing them and periodically reporting the free-market price in FRNs.

As for my holdings, I might hold 0 bitcoins, or tens of thousands of them, but I can't have more than 21 million of 'em!