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ranbotrader
Member since May 2012
188 commentaries - 1 follower		1 followers
has posted a comment on the article :
>More Dirt on the Bitcoin  - Hugo Salinas Price - Plata.com
Are bitcoins not open to the same manipulation as paper fiat currencies? What is to stop the controller (some Central bank yet to be created) from issuing more bitcoins?

Commented 3231 days ago
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Beginning of the headline :Suppose someone wished to sell his house, way back in the 1890's when gold was used as money, and somebody came to that person and said, "I'll give you "x" ounces of gold for your house", and suppose the offer was accepted. This was a commercial operation, where goods traded hands - the owner of a house sold a house, and received gold; the other party delivered some gold and purchased a house. When, bygone days, a house was sold for gold coins, all that the seller had to regard was the quantity... Read More
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