Bitcoin - online fad or the future?

This is a discussion on Bitcoin - online fad or the future? within the Cryptocurrencies forums, part of the Markets category; Surely the great weakness of the bitcoins is that they have no tangible collateral/backup in tangible goods like property ? ...

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Old Oct 8, 2014, 9:59am   #217
 
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Surely the great weakness of the bitcoins is that they have no tangible collateral/backup in tangible goods like property ? Currencies through the millennia always up until recently were backed up by gold and silver.

Would you make over your house to someone offering virtual currency ? Well I wouldn't !!

Fantasy land stuff imho
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Old Oct 9, 2014, 6:41pm   #218
 
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Surely the great weakness of the bitcoins is that they have no tangible collateral/backup in tangible goods like property ? Currencies through the millennia always up until recently were backed up by gold and silver.

Would you make over your house to someone offering virtual currency ? Well I wouldn't !!

Fantasy land stuff imho
---------
as you say it yourself today's currencies aren't backed by anything and, shall i add can be created out of thin air
crypto curencies address this issue since there is a finite amount of them and each transaction is verified within the peer network.
In that sense, crypto-currencies might be more reliable than fiat money.
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Old Oct 10, 2014, 4:14pm   #219
 
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Just smoke and mirrors again from the conmen imho. Now you see it and then its gone ! And into, guess who's pocket it neatly drops into !! Or am I imagining it ?

Much the same as all those billions of QE !
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Old Nov 12, 2014, 8:49am   #220
 
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So what is the current situation with the Bitcoins? I honestly lost the track of it.
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Old Jan 17, 2017, 10:18am   #221
 
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So what is the current situation with the Bitcoins? I honestly lost the track of it.
Its uppy atm
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Old Jan 17, 2017, 12:51pm   #222
 
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Its uppy atm
very strange instrument to watch on a chart,
flatlines for 30 mins then its "lift off"
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