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Re: The Super Bubble Is In Trouble 

By: capt_nemo in POPE IV | Recommend this post (5)
Wed, 28 Jun 17 10:06 PM | 71 view(s)
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Msg. 27886 of 47202
(This msg. is a reply to 27885 by Beldin)

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Good questions, and NO IDEA LOL. Amazing what they come up with.........




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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The above is a reply to the following message:
Re: The Super Bubble Is In Trouble
By: Beldin
in POPE IV
Wed, 28 Jun 17 9:36 PM
Msg. 27885 of 47202

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?


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