Quote from: agentbluescreen on April 19, 2013, 01:13:51 AM

There is also nothing that "backs" gold, it can be easily counterfeited (plated tungsten) and it too, even like oil, began it's path to becoming a symbol of wealth as a "pyramid scheme".

Gold was never a pyramid scheme. But it was at the top of the pyramid of acceptable commodity monies. And everybody used and accepted it.

Quote from: agentbluescreen on April 19, 2013, 01:13:51 AM

The Bilderberg Gold Pharaohs of Liechtenstein still wield their monopoly over it as their fiat authority to own and enslave us all and our nations though the mechanisms of their exclusive proprietary ownerships of our national mediums of labour exchange currencies today.

Translation: Central bankers control the world because they control the money supply.

Quote from: agentbluescreen on April 19, 2013, 01:13:51 AM

When the "lights go out" fuels, ammunition, weapons and food will all have far more value than gold.

True that.

Quote from: agentbluescreen on April 19, 2013, 01:13:51 AM

A Bitcoin is simply a derivative that only represents the LOOT or SERVICES that the guy that you got it off, got out of you for it, and made off with. It is a fiat "futures derivative contract" that arguably has some but really has no certain inherent added-value, other than as a virtual digital sort of a much fancier kind of an encrypted GM ignition key, that you can move, swap and store electronically.

Bitcoin is not a derivative of anything. Neither is gold. And neither has any inherent value.

Quote from: agentbluescreen on April 19, 2013, 01:13:51 AM

Like a "gold contract' or "mortgage backed security' (I love that last word) derivative it is a "BTC -securitized Future Derivative Contract" that merely allows you to keep, transfer it around or transfer it somewhere else to resell it there for whatever it may seem to be worth to the next guy, a minimum of an hour from now.

Securitized Future Derivative Contract. Really? What are the terms of this contract? What is "securing" this contract? Are you just trying to say that holding Bitcoins is bit of a gamble?

Quote from: agentbluescreen on April 19, 2013, 01:13:51 AM

The suicidal crisis with Fiat Bitcoins is that there is no convention nor systematic mechanism of well-regulation to stabilize nor assure users the stable Fiat "value" of them, relative to anything else practical. This means that they are doomed to being totally unsuitable, unreliable, non dependable and useless as a Medium of Labour Exchange Currency.

Translation: Bitcoins will never be good money because their value will never be dependable. Maybe, but not for lack of convention, systematic mechanism or well-regulation.

I enjoy parsing circumlocutory prose as much as the next guy, but seriously, that was a lot of work.

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