(Before It's News)
Philosophers stone – selected views from the boat http://philosophers-stone.co.uk
I do not believe in bitcoin it is what drug-dealers been using, what if they go bust? A pyramid scheme, what if nobody is accepting bitcoin for food, for silver, for gold? I think that is going to happen but first they bloat it to an astronomical hight then it go bust and becomes just worthless 0 and 1ns.
I do believe you don’t understand Bitcoin. It is limited to 26 Million. If you want Bitcoin, you have to PAY money/price for Bitcoin. So every Bitcoin is backed with real money. (USD and all other currencies are based on DEBT, Nothing, even worse, just a paper promise). The transactions with Bitcoin are based on block chain. All connected computers confirm the transaction. No Bitcoin printing !!! But Bitcoin will be divided in 10, 100, 1000 to maybe 1/1000.000.000, who knows. And such a part of Bitcoin could be called ” Bite”. So peace of bread could be 2 bites in the near future. And the Central Banks are setting up their own block chain currency, but still NOT successful. (FEDcoin). But no problem, you just miss the boat by not participating and keep asleep with all this money printing to continue, until it stops!!!
Over 150,000 stores now accept bitcoin. China has just endorsed BTC and is pushing citizens into the market. My belief is that the only people that don’t endorse BTC are those that don’t understand how it works. To call it a pyramid scheme only shows one that an individual doesn’t know what a pyramid scheme is.
It’s such bad idea that most banks are creating a crypto currrency of it’s own. It’s just like people that said the computer was just a fad that would fade away and that was only because they didn’t take the time to see how it assists business and humanity. I’ll get back to you whwn it hits $100,000.
dont guess we will be hearing your shit ever again
Bitcoin do not even have a hyperinflation scenario it is either on or off, it is even more dangerous than paper currency?
They promote it cause they make a lot of money out of doing so. Is that honorable Mr. Cif High?
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