Post
Topic
Board Economics
Re: Why Bitcoin will collapse in price.
by
sdp
on 10/12/2013, 12:48:16 UTC
Transferring something does not give it value.

I get the impression that it comes down to politics.  Does a government control its central bank or vice versa?  If you believe the first part, you can hope that your elected officials will support bitcoin because all of the good things *they* say about it.  If you believe vice versa, the current president whose real boss is the Federal Reserve will see bitcoin as a problem to mitigate. 

I wish I could disagree with you (proc) with confidence.  If you want to convince proc, you need to convince him on this point.  I, for one, am not prepared to make a convincing argument against this premise.  Or we just call each other crazy and solve nothing.