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Bitcoins
harrydre
#1 Posted : Tuesday, February 07, 2012 10:25:42 PM
Rank: Elder


Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
Is this digital currency going to knock out the monetary system as we know it? Regulation by federal goverments and central banks might be a thing of the past. Facebook is also about to launch Facebook credits which can be purhcased by bitcoins. Keep your eyes and ears open.
i.am.back!!!!
Drunkard
#2 Posted : Tuesday, February 07, 2012 11:56:01 PM
Rank: User


Joined: 5/3/2011
Posts: 559
@Harrydre
Currency/money is not just a medium of exchange and I know you know that, Facebook credit, credit cards, digital currency provide the medium of exchange but quantification of it still sits right squarly on money as it is, Bitcoins is an example of medium of exchange but can you store value with Bitcoins? Of course monetary systeems have changed over time but fundamental reason for having the system has remain the same since it was first founded and that primary reason is price stability.

harrydre
#3 Posted : Wednesday, February 08, 2012 4:11:23 AM
Rank: Elder


Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
@10k and why are the feds up in arms with the bitcoins and not with credit cards? there is more than meets the eyes here.
i.am.back!!!!
Drunkard
#4 Posted : Wednesday, February 08, 2012 5:54:19 PM
Rank: User


Joined: 5/3/2011
Posts: 559
harrydre wrote:
@10k and why are the feds up in arms with the bitcoins and not with credit cards? there is more than meets the eyes here.


You buy into conspiracy theories don't you? If fed is going after Bitcoins it will most likely be regulatory related issues because if you're going to exchange money for another medium of exchange there are rules and Fed is the enforcer of those rules.

I am more than Drunkard or 10k so please if you're going to try to argue a point, don't use words like- there are more than meet the eyes- give me a thought out analysis of what you think is behind the eye!
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