Quote from: Illutian on October 12, 2014, 04:15:48 PM

Quote from: ElectricSavant on October 12, 2014, 03:38:00 PM

You know folks...I have not been able to make any money with bitcoin it is just a passing scam...We have paypal and transfer systems much more reliable and that are not a hotbed for snake oiling scamming theives (the anonymous nature of BTC is their magnet).

I am tending to side with Warren Buffett recently.

ElectricSavant

Just wait till the US Dollar is no longer used as the World's Currency Reserve, which I might add use to be the British Pound before Nazi Germany bombed most of their economy during World War II.

Look up "BRICS" and what they're doing to dislodge the USD as the 'go to' currency for international trading of goods and services.

The day is fast approaching when the world will metaphorically walk back to the table and cut our 'credit card' up and demand cash payment (in this case for out $16+ trillion foreign debt).

The Fiat System is the largest Ponzi/Pyramid Scheme in history. Seriously, a system backed by no hard assets; just the word of the Government that issues that fiat currency. Or even better when they do back it with hard assets. It's always Gold or Silver. WHAT THE FUCK good is that shit. You can't eat it, you can't drink it.

To have a stable 'paper and coin' currency system you'd want to pick hard assets that are useful. Like land, food, water; stuff we all need to live.

You know...I think Warren Buffett might agree with you...