Post
Topic
Board Economics
Re: Bitcoin is a stock
by
blumangroup
on 01/08/2014, 00:38:00 UTC
Owning bitcoin is like owing dollars, or euros, or yen. It is a currency.

And owning dollars is an investment in the company called The Federal Reserve.

Holding euros then you are invested in the European Central Finance Company.

Hold yen and you are thus invested in the CHINA CORP.

Holding bitcoin supports the value of SATOSHI INC.  

Then SATOSHI INC can issue more stocks (at the rate of 3600 a day) and they are currently trading for $600/share.

Thus SATOSHI INC operations expand, and joint ventures are being formed in alternative but related stock options. (which you may swap)

DRK KOINS Inc.
DOGE Inc.
POT Inc.

etc.
This is really not true. The federal reserve and other central banks do not back their respective currencies. The economy of the country (or economic zone) that issues the currency is what backs the currencies.

When central banks'' profit increases, the value of the underlying currency do not necessarily go up.