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<p>[QUOTE=&quot;ToughCOINS, post: 6446070, member: 20480&quot;]I didn&#039;t write this but, as it echoes my sentiments, I am posting a comment I found following an article about Bitcoin . . . </p><p><br /></p><blockquote><p><span style="color: #0000ff">&quot;This article is a joke. Bitcon is a failed currency which 99.9% of merchants do not accept and the handful who claim they accept it actually get paid by a third party in .... dollars. Bitcon is a failed currency and can never hope to compete as a legitimate currecy, it&#039;s too slow to process, costs too much to use and did I mention, no one accepts it? It is not peer to peer, it is not anonymous, it is not decentralized as only a handful of &quot;miners&quot; (bankers) process the transactions. Bitcon is a failed currency primarily because of these factors and of course because 99.9% of merchants do not accept it and have no incentive to do so. For merchants to use it simply adds to the cost of doing business, for buyers to use it just adds complication and cost to transactions. Common sense then begs the question, why would anyone want to use or accept it when it adds complication, cost and risk to any transaction? The answer is, no one does. This is of course why bitcon has failed as a currency and this is why it will fail as a speculation. It&#039;s much like a Ponzi scheme, the last one&#039;s to get in will lose the most money and the manipulators will sweep the table taking the money from the delusional bitcon faithful. At over $50K a digit, and a digit is all it is; bitcon presents the greatest risk ever to speculators, it is at the height of the mania. The astronomical returns are over, it&#039;s now too late for big gains or even or even a double.&quot;</span></p></blockquote><p>[/QUOTE]</p><p><br /></p>

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