Post
Topic
Board Politics & Society
Re: Ron Paul on Bitcoin: "I do not think it fits the definition of money"
by
Spendulus
on 25/04/2013, 02:15:52 UTC
Ron Paul is correct it is not money.  Bitcoin is no different than a pokemon card.  But unlike a pokemon card they are each identical (there is no Charizard).  The only reason bitcoin has value is people give it value.  If it drops to $1 a certain type of person will buy more.  If people use it in a transaction, many will keep a couple coins for later purchases.  These coins are collectibles, as are pokemon cards.

Bitcoin as a collectible give it value.  Once it has any value, it can be traded as a currency.  Everyday bitcoin usually strengthens as a collectible.
But I seek the Great Bitcoin, and possibly the Greatest Bitcoin the Most Holy.

The one that is the sum of two prime numbers, each of which is the sum of two cubes.

O Greatest of Mysteries!

What is your value?

<<< Yes I just made this up and yes it's a joke and yes you can take it seriously and hey, dude, like, the chase is on now, and let the rumor fly, that it may be found, and great treasure awaits>>>