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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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3 fatal flaws with digital crypto currencies in their present form....
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Poster Handle
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Anonymous Coward |
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Post Content
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I read somewhere that there are 3 fatal pitfalls with a digital bit-coin
#1 In GOD Nobody We Trust
If you think the Global elite bankers are going to sit on the sidelines and let this take over, you are crazy. They are playing us all as fools.
#2 No Guarantees
Exchanges have already been hacked and stolen
#3 No Inherent Value
Quoting: Chugiakian 1. We trust in rules. Coins are created according to rules, not whims of a organization. 2. If you have a fire in a supermarket, does that mean all supermarkets are bad because they can have a fire? If people just started to use the tech as it is supposed to, there is no need for exchanges. 3. Either you have currency or you have barter. A currency is a phenomenal invention that you just took a piss on. Because that is what it is. A means of exchange, and the best, because for something to be a currency, it has to be rare/limited or non-counterfeitable. There is the flaw with fiat. It is just printed when ever.
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