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ranbotrader
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My Two Bits about Bitcoin

- David Morgan - Silver Investor

The questions which need answering are:

1. Who underwrites this form of currency? Individuals can abscond whilst governments can default but not disappear.
2. How can fraud protection be maintained? Given that anything online is fair game to hackers and that 'credits' are little more than binary digits then who is to say who owns these credits?

The bitcoin concept is the way of the future no matter how much self interests try to scuttle it. The issue is simply WHO controls it and whether the form of 'money' can be manufactured just like the current discredited paper currency which is manipulated by governments and their central bankers.

Commented 3688 days ago

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Beginning of the headline :Some have asked our view on Bitcoin, and my response is simply -- I view these things from a Free Market perspective. I have often stated that "The Market knows more than any of us". I would not want to be labeled a hypocrite by stating my conviction that the "real" free market is capable of making decisions that are in the best interest of masses, and then proceed to disparage Bitcoin through a personal bias. However, I do have a personal bias as to the basic construct of money, or what I... Read More

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