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<p>[QUOTE=&quot;HawkeEye, post: 2731623, member: 86305&quot;]It would seem to me that promoting Bitcoin is a bit like hyping Hedge Funds as a can&#039;t lose proposition, or trying to do an in depth analysis of derivatives.&nbsp; With Hedge Funds one cannot see all it is invested in, and therefore makes false assumptions about the hidden portion of the investments.&nbsp; With derivatives one must make the assumption that you can derive value from betting on the value or movement of something else, which may or may not be a tangible thing and have value.</p><p><br /></p><p>It seems to me that Bitcoin is the ultimate fiat currency or bartering currency where rather than being based on the good faith and taxing power of a recognized government, it is based on the good faith and non-taxing power of some unknown individual.&nbsp; The unknown individual could be someone involved in a perfectly legitimate activity, or some nefarious operation you would not touch.&nbsp; But it more likely the later since the desire or need to remain anonymous is an underlying principle.</p><p><br /></p><p>The underlying technology is also decentralized to protect identities as I remember.&nbsp; And it seems like I remember one of those being hacked a year or so back and millions going down the drain.&nbsp; The holders of those Bitcoins could not claim losses because they were anonymous.&nbsp; I think I will stick to good old US currency and collect legitimately minted coins, not Bitcoin errors.[/QUOTE]</p><p><br /></p>

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