Post
Topic
Board Bitcoin Discussion
Re: What problem does bitcoin solve?
by
hugolp
on 29/12/2010, 18:47:57 UTC
I would not accept Bitcoin. Too insecure. Not possible to insure against value fluctuations.

I will never get this. A government currency is always more insecure than a non-government currency, yet people keep thinking otherwise Study history. Governments always try to steal their citizens by debasing the currency.

In reality is very simple, a government currency is backed by force. A non-government currency will only take off if it offers a quality currency, otherwise people have no reason to use it. A government currency is imposed by force, there is no incentive to offer a quality currency because people has to accept it anyways and therefore its always debased.

Government currencies are always more dangerous than voluntary currencies.