Quote from: AyeYo on June 25, 2011, 02:59:31 AM

Quote from: chessdragon on June 25, 2011, 12:41:12 AM

Quote from: AyeYo on June 24, 2011, 08:52:24 PM

Quote from: Atlas on June 24, 2011, 08:46:36 PM

Why would I want a physical currency whose value that is subject to the whims of a higher power, when I can have sound money that doesn't lose value everyday?

Where can I find this sound money that doesn't lose value?

Funny, but it isn't fair to generalize the context of his statement. He said "that doesn't lose value everyday;" this is an expression, and not to be taken literally. If I interpret him correctly, he is asserting the strength of Bitcoin in its evasion (or rather, structural immunity) to the powers of centralized authority.

So basically his statement is incorrect, misleading, and completely worthless. EVERYTHING is subject to value fluctuations in an open market. I'd take a currency that doesn't lose value over one that does anyday... but that's irrelevant because that currency doesn't exist and never will.

Only on the Internet can people like smellybobby and AyeYo roam around these forums making the most fallacious arguments and speak so arrogantly about it. Look guys, you are not fooling anyone. You just dismiss the points made without tackling them because you cannot.

No one ever said that gold, silver, btc, sea shells or whatever "never lose value". That's incorrect and you know it. You are being intellectually dishonest. It is fact that with gov fiat money anywhere in the world you are at the mercy of the whims of Central Banksters. Have a look at my avatar. I had a nice time using Reserve Bank of Zimbabwe notes that were debased to enrich Mugabe and his cronies. Regardless of ideology, this is a fact. Central bankers have historically robbed populations the world over. That was fact before this thread and will continue to be so regardless of what anyone says here. This shit has been going on for a long long time. Fact is, sound money hold value over time and the only thing that fiat money does over time is return to it's intrinsic value, ZERO.

The original post is not even worth addressing. Your basic logic is govt A is better than govt B therefore ALL govt is good. Then you go on to count paper as wealth. What an idiot *facepalm*

EDIT: Oh and by the way, the Zimbabwe Stock Exchange experienced GIGANTIC gains at the height of hyperinflation while people died of cholera because this "prosperous country" couldn't afford water treatment chemicals to purify drinking water.