Quote from: Ibian on March 23, 2014, 07:38:47 PM

Quote from: MatTheCat on March 23, 2014, 07:34:20 PM

Quote from: Ibian on March 23, 2014, 07:33:01 PM

The value of bitcoin lies in bitcoin. It is digital gold. When paper money first came about most people wouldn't touch the stuff. What value does ink on a piece of paper have? You would have to be insane to accept that instead of proper currency.

ZZZzzzz

THE LEGAL AUTHORITY OF THE GOVERNMENT AND IT'S ABILITY TO TAX IT'S POPULATION!

z z z yourself. Money is whatever The Man says, yes. And value is whatever someone who will deal in it is. But as already noted, go read the old threads. Repetition is annoying.

Yeah ok. If The Man turns around and declares that Bitcoin is money and from now on, everyone should pay his dues to him in Bitcoin. Then and only then will Bitcoin become money.....

.....but why would The Man want to do a thing like that?

Just wait n see. Bitcoin's purpose will be to undermine and facilitate capital flight out of crisis hit economies as the US goes about strategically undermining any economy that threatens to be left standing longer than the USD. The survival of the USD will be pivotal to the survival of Bitcoin.