« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: The Super Bubble Is In Trouble 

By: Beldin in POPE IV | Recommend this post (6)
Wed, 28 Jun 17 9:36 PM | 80 view(s)
Boardmark this board | POPES NEW and Improved Real Board
Msg. 27885 of 47202
(This msg. is a reply to 27854 by capt_nemo)

Jump:
Jump to board:
Jump to msg. #

I'm gonna step out on a smaller branch and ask a stupid question ... while I certainly understand why gold (or other valuable metals) is the very real alternative to fiat currency, why would bitcoin also be considered an alternative to fiat currency? Bitcoin is not backed up by any hard assets (gold, silver, or other commodities) is it? I have always thought that Bitcoin is potentially the most ephemeral of all "currencies" ... it's only worth what you can possibly convince some other sucker to actually give you hard assets or valuable services for in return ... right or wrong?




Avatar

The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence


- - - - -
View Replies (3) »



» You can also:
- - - - -
The above is a reply to the following message:
The Super Bubble Is In Trouble
By: capt_nemo
in POPE IV
Wed, 28 Jun 17 9:20 AM
Msg. 27854 of 47202

Once the Super-Bubble pops, we will see for sure what people demand as the ultimate means of payment: gold or cyber units, or both.

http://www.zerohedge.com/news/2017-06-27/super-bubble-trouble


« POPE IV Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next