Quote from: rokkiBalboa on May 09, 2017, 05:53:30 AM

Quote from: Tradesinc on May 09, 2017, 05:36:57 AM

People are waking up to the reality that the paper they have in their pockets called money is actually worthless and losing value all the time.
As the previous poster said, no government can stop the entire population from choosing their own form of currency to prevent themselves from being used, enslaved and ripped off by the ponsi commonly known as the monetary system.
Just my $0.02 worth...and we all know what that is worth...

Bitcoin users basically say what they want to hear or see, but this is a completely different reality. If you do not see the value in the paper that is confirmed by gold it's a stock of the country at what price you always see in Bitcoin, which really is the air. This is profitable, Well, then it will be when there is no electricity and no Internet

To clarify, the dollar is no longer backed by gold. It is simply backed by the government's promise of its value. Now, what Tradesinc said is not really true. While the dollar is losing value, that is the effect of an inflationary currency and it is definitely not worthless. The backing of the government gives it a value that, as you all may notice, most everyone acknowledges. If it weren't so, then it would actually be worthless. Same goes for bitcoin being backed by its decentralization and the value people place on it.