Quote from: blumangroup on August 01, 2014, 12:38:00 AM

Quote from: BitcoinNational on July 31, 2014, 09:44:26 PM

Quote from: escrow.dude on July 28, 2014, 10:40:52 PM

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.

+1 on this one.

Most people say that bitcoin is backed by the miners, but this is not true, it is secured by the miners. Bitcoin is backed by the bitcoin related economy so as this economy grows the price of bitcoin will generally grow, although owners of bitcoin will not receive any payout from the growth of the economy other then higher prices of the bitcoin they own.

This is the same for other currencies as well.