you gotta read this..Bitcoin isn't backed by anything he says..Isn't he partly responsibe for the biggest ponzi in history?? Can't make this stuff up! http://www.zerohedge.com/news/2013-...e-worth-something-it-must-be-backed-something
In that article: But don't expect governments and banks to let Bitcoin take over so easily. Financial institutions will lose business if people stop using their payment systems, and central banks like the U.S. Federal Reserve would lose their ability to help slow and speed up economic activity. Paul expects banks to lobby and authorities to crack down. "Governments absolutely demand a monopoly on money and credit. They're not going to give it up easily," Paul warned. "They will come down hard." When they finally realise what crypto-currencies are and the threat they represent, then we'll see the real fight. It's amazing that hardly anyone of any real financial power can see how this has the potential to destroy them. What I love about the crypto-currencies most, whether they succeed or fail, is that they were a natural evolution to everything that is currently happening: technology got better, money was being debased, young people felt alienated from the mainstream system, the grassroots took things into their own hands and made their own money...
Hilarious!!! though I too think that the Bankerment will eventually stop cryptos, either through law making or 51% attacks, 'He who controls the currency' after all
according to him..it's backed by our confidence in the banking sector! Make sure you not eating when you read that!
Beware the CIA..Federal Reserve Banks...Derivatives in BTC.. Someone, Somewhere, will be working to destroy it. Don't know how, BUT THEY WILL. rEGARDS eRROL 43
