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<p>[QUOTE="SuperDave, post: 2753856, member: 1892"]In my one hand I have a Bitcoin, a piece of machine code which only has intrinsic value because some <i>believe</i> it does, a thing which by definition cannot exist in the physical world. In the other hand, I have legal tender, backed by the full faith and promise of a sovereign nation (that's <b>nothing</b>, Michael K?). The difference is, with the former one laughs at those who believe in it, and with the latter one laughs at those who do not believe in it.</p><p><br /></p><p>The day will come, likely soon, when an entire nation officially switches its' monetary issue to "virtual" status. Then, and only then, can a reasonable, thinking person contemplate lending credence to a virtual currency. Until that time, anyone assigning "value" to something an inventive coder can create from scratch is, well, that's a political analogy and I can't go there.[/QUOTE]</p><p><br /></p>
[QUOTE="SuperDave, post: 2753856, member: 1892"]In my one hand I have a Bitcoin, a piece of machine code which only has intrinsic value because some [I]believe[/I] it does, a thing which by definition cannot exist in the physical world. In the other hand, I have legal tender, backed by the full faith and promise of a sovereign nation (that's [B]nothing[/B], Michael K?). The difference is, with the former one laughs at those who believe in it, and with the latter one laughs at those who do not believe in it. The day will come, likely soon, when an entire nation officially switches its' monetary issue to "virtual" status. Then, and only then, can a reasonable, thinking person contemplate lending credence to a virtual currency. Until that time, anyone assigning "value" to something an inventive coder can create from scratch is, well, that's a political analogy and I can't go there.[/QUOTE]
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