Quote from: B.A.S. on January 07, 2015, 05:01:00 PM

Quote from: NotLambchop on January 07, 2015, 04:50:37 PM

Quote from: B.A.S. on January 07, 2015, 04:47:08 PM

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Money cannot be created out of nothing.
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And yet there's Bitcoin

I agree, that's the whole point of Bitcoin! Bitcoin is not money, but it was surly created out of nothing. It's a store of value that can be exchanged for money to buy things.

Two-thirds of the value lost over the past year. Where did it go Huh

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This technology will one day become the place many countries will exchange their own currencies for a piece of that digital asset.

No country would ever adopt a currency it neither issues, backs, nor controls.

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When the digital price shoots up and has a favorable exchange rate for their own currency, that country will pull it out and deliver it to their economy through any number of ways.

Read up on what fiat money is and how it works. Above makes no sense.

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It's a genius idea.

Nah. Beanie Babies' artificially limited supply was a genius idea. Bitcoin simply borrowed it.