Bitcoin is the name of a group of peer-to-peer payment networks that serve as an open-source form of digital currency that was originally introduced in 2009 by a software developer with the alias of "Satoshi Nakamoto.” ... The value of Bitcoins and gold are rooted in their rarity, ease of handling, and inability of government to destroy its store of wealth. All paper currencies have lost a percentage of purchasing power each year, because government printing of more money acts as a tax on accumulated wealth. The emergence of Bitcoin virtual currency has created a powerful competitor to the dollar that will limit Congress and the Federal Reserve’s effectiveness in fostering inflation to tax away wealth. Welcome to the real full-faith of Gold 2.0This is such a good idea I really want to believe it's not a scam. In fact, it reminds of when the first inklings of the internet started. Both my older kids work at universities thousands of miles apart, one in France, the other in Connecticut and many many years ago would communicate with each other somehow on their computers. At that time, I thought what a great idea that would be for all of us, but I didn't have the foresight to predict that it would completely takeover our lives as it has ... and best of all, without any "help" from our or any other government.
Reading some of the comments, however, makes me uneasy because it might be just Soros et al. duping investors into selling their material investments in gold, silver, oil, etc. for something that only exists in the ether.
I'd really like to think that the crony capitalists have been outsmarted.
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