Ha HA! It's fiat Al, just like the paper all you central bankers are foisting off on people with the b.s. that "full faith and credit" of broken economies has some intrinsic value. Bitcoin is digitally manufactured from no value, just like yen, dollars, euros, francs and whatall's. You click your mouse and instantly, some slavo's owe real productivity for the digital product (nothing) you provided. Don't bag on a competing, clicked into existence from thin air, fiat, just because you don't control it. The relationship is rather obvious.
Greenspan Says Bitcoin a Bubble Without Intrinsic Currency Value
Former Federal Reserve Chairman Alan Greenspan said Bitcoin prices are unsustainably high after surging 89-fold in a year and that the virtual money isn’t currency. “It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.” Bitcoins, which exist as software and aren’t regulated by any country or banking authority, surged to a record $1,124.76 on Nov. 30. The currency has rallied on growing interest from investors, while ... (full story)
- Posted: Dec 4, 2013 9:08pm
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