Quote from: Anon136 on April 10, 2013, 02:47:10 AM

Quote from: jackl526 on April 10, 2013, 01:54:05 AM

Quote from: syn999 on April 09, 2013, 10:56:08 PM

silver can be controlled by government, aaccording to max kaiser, the silver should be 300 now buy government is undervalue it

How are BTC immune to the same type of manipulation? How do we know that this drastic price inflation isn't a result of government manipulation?

It's hard to take your comment seriously when you claim government control without explaining why or even how they control it.
Thanks

great question! the reason is because there is incentive for people to allow their silver to be helled by a third party since it is very difficult to change ownership of physical silver in a global market. With btc on the other hand there is no incentive for individuals to allow a third party to hold their bitcoins for them, since we can exchange them with anyone we like without relying on an intermediary.

what this means is that since all the silver is held in a central repository it is easy for that repository to lie about how much silver they have.

But what about people who own their own silver in safes/deposit boxes? Silver and gold have been traded and given value for thousands of years. It's understood that they have value and always will. However my question was how can we be sure that the government isn't manipulating the btc market the same way they do the commodity market?