Post
Topic
Board Bitcoin Discussion
Re: USD *is* a virtual currency
by
Steve
on 11/07/2011, 14:53:21 UTC
Quote
But you understand why there is vastly more risk in Bitcoins than USD, right?  For every risk to the USD there is one thing going for it: it is accepted almost everywhere that your audience goes to.
Yes, of course and it's an important point.  My point was that USD is a virtual currency and as such is evidence that virtual currencies do in fact work.  And gold is evidence that currencies do not necessarily need gov't backing to work.  However, USD is a vastly larger market than BTC, so absolutely there is much higher risk and people should deal with it as such.

Im pretty sure banks have whatever amount of currency they got somewhere as "real" currency. Coins etc.

LOL...I'm pretty sure this was a joke people.  And a good one!