Post
Topic
Board Bitcoin Discussion
Re: Bitcoin will be on the Peter Schiff Show 2011-06-20 at 10AM EDT
by
finnthecelt
on 20/06/2011, 18:01:12 UTC
It's a shame that very few people seem to know what "backing" means and what "intrinsic" value is.

I also think people hear about BTC and think that since it's a computer program there will be an infinite number of them; taking no time to understand the complexity of the situation. They are cool however, with the fact that the bank at any given time does not have all the deposits that their member's web screen's tell them they do should they all walk hand in hand down to the bank together. A mystery to be sure.