The purpose of this document is to summarize a joint statement to the Bitcoin community regarding the insolvency of Mt.Gox.We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfill the promise that bitcoin offers as the future of payment in the Internet age.This Makes No Sense: Bitcoin Is Now More Valuable Than Gold. This makes no sense.
That fear gives some people a sense that they know the future and can profit.Bitcoin makes it easier to move money the other way too. It makes sense that a place like Argentina would be fertile ground for a virtual currency.The thing with Phred coins is that no one puts any value in them but YOU.I had to wait 6 months but I got all my coins back as my account was not hacked.Decentralization is like having that money in tact but still dispersed all over the world.Anyone that invests in bitcoin needs to realize that they could lose everything.Can your coin be send across the internet in seconds to anyone in the world with a low fee.
Gold and silver on the other had is easy to hide no body knows you have it.But as an investment, how many other investments can you name that would have given you at least a five fold increase in value (500%) since September 2013.A number of our clients have asked whether using Bitcoin makes sense.
I will admit to being surprised at how the Bitcoin show keeps on.
Robert Shiller says bitcoin is the best example of aThis week, the most prominent bitcoin exchange in the entire world, Mt.The exchanges are only needed to convert to another currency.From the beginning of World War II until its end the currency lost over half its value.There are people that actually use this argument and are seriously not kidding.THE ONLY TRUE VALUE, is Children, God, and Country, and everyone should invest in those things that endure over the eons.
The only thing that will stop the price from going through the roof is a competing superior product, or lack of acceptance from people in the marketplace.He makes no mention of the murder-for-hire plots of the guy who was busted.And if the Internet is taken down somehow, the world will have far bigger problems than retrieving your money.Bitcoin is inferior to virtually any BS debt-based fiat in that respect, again that may change, but also, Bitcoin MAY go to its intrinsic value (zero) as well.Like I said, I wish those well that are involved in bitcoin or any of the other alternative virtual currencies that are floating around out there.There is too much baggage to owning Real Estate including outrageous taxes and government bureaucracy including zoning rules that make it unacceptable as an investment.It is also that governments and central banks around the world are starting to crack down on something that they see as a potential threat.They are only a little over half way to completing all the bitcoin mining for available coins.I just read Chucks comments who is obviously a supporter of bitcoin.
A number of Bitcoin companies and miners have agreed to run code that will implement a hard-forking increase to the non-witness data in blocks roughly three.Ego will never go away and therefore neither will the value of gold.The amount of money that some bitcoin investors stand to lose from the collapse of Mt.Rather than going the ETF route, a Crypto Fund makes a lot more sense.You have to be outside the US, the internet cannot be hindered so that you can get to your wallet and the exchanges, and bitcoin has to not collapse.So the best option is not an option at all for the rest of the world.The value of investment must drop to make it widespread enough to be a currency however people keep dumping their money into it.
Now read up about how bitcoin works and what it brings to the table before spouting this nonsense.Google UN Agenda 21 (SPONSORED BY OBAMA) and the Gerogia guidestones to find out about their evil plans for depopulation.But lay up for yourselves treasures in heaven, where neither moth nor rust corrupt, and where thieves do not break through nor steal.The true international currency for those in the know is probably the Swiss Currency.
And I look to see the governments steal all the gold like they did in the 30s.You should look into your crystal ball at the past when 4096-bit RSA (one of the worlds TOUGHEST algos, BTW) was cracked by listening to SOUNDS on the computer.