wabnoles Posted June 25, 2013 Report Share Posted June 25, 2013 Its funny because ppl think that well the bitcoins are hokey since they are strictly valued on whatever ppl decide they are worth but if you look at pretty much any currency or commodity out there the same rules really apply to that as well. Its also interesting because the way everything is set up, for every dollar made there is something owed to someone plus interest, which means that the system is one of perpetual debt and deficit. The one way govts go to pay their debts is to make more money, which further inflates the dollar/currency and creates in turn more debt in the form of weakening buying power and more dollars borrowed. With that being said, every type of currency and commodity on this earth is prone to some form of manipulation but at the advantage or disadvantage of another position, which is why its important to diversify as others have said. Quote Link to comment Share on other sites More sharing options...
wabnoles Posted June 25, 2013 Report Share Posted June 25, 2013 btw I think these are "coins" in the sense of other modern gimmicky exonumia-type Franklin Mint related coins you can buy off the tv but not in my wheelhouse Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.