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Diogenes
Posts: 6976
Joined: Mon Jun 15, 2009 3:33 pm

Post by Diogenes »

kunkmiester wrote:How is the dollar any better? It's only accepted because the law says to.

Securing a digital currency is just like keeping cash in a safe instead of under your mattress. People are apparently having to learn the hard way that you have to keep digital money in digital safes, same as cash. In some ways, people trying to steal bitcoins underscores their value--you don't generally try to steal something you see as worthless.

Bitcoin 2.0 or whatever will probably be the place to really get in on the scene--the flaws found with working with bitcoins will be fixed to the extent they can, and it will allow for greater fluidity in the market.

I agree the dollar is bad. One of my constant laments is that those bastards in Washington keep stealing my savings. (By inflating dollars.) They keep playing games with the value of the dollar, and I keep getting less value for money which was equivalent to a certain quantity of work when I made it, but is now equivalent to much less.

This is one reason why I am very much interested in a value storage system which cannot be cheated by Washington. I want no part of their stupid policies. I want my work to be independent of their ability to steal it.
‘What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.’
— Lord Melbourne —

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