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RE: Bitcoin Is Alive And Well - Why The Mainstream Media Still Does Not Get It
Totally - resteemed! Reminds me of @jeffberwick 's commentary on Jim Cramer talking up Bitcoin... usually it's a bad thing if Cramer says something is the next hot pick, but because all the reasons he thought Bitcoin would hit a million dollars or something were ridiculous, Jeff concluded it was still OK to invest in Bitcoin despite that, haha.
That's funny.
:D
BTC is like the USD i think. Nothing backing it technically but the gold std.
Yes and no. True that both currencies rely on people's faith for value, but I think the similarities end there :)
As you've probably heard, one of the biggest differences is Bitcoins fixed supply, while the Fed will continue to print USD and inflate it into oblivion.
And maybe I'm not understanding what you mean, but we went off the gold standard a loooong time ago..
yeah that's true. I think it was in the 1950's. I hope you have a WONDERFUL day!
ebenso :)
Love that word.