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Strategies & Market Trends : ahhaha's ahs

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To: frankw1900 who wrote (24394)	5/29/2014 6:16:28 PM
From: Maurice Winn	Read Replies (1) of 24758

That would be all of them: <Private, secure bitcoin type currency will be a very useful thing for citizens of countries that have bad currencies, primitive banking facilities or kleptocratic governments.> Some are less bad than others. But being slow roasted instead of quick toasted is not much recommendation. The intrinsic problem with bitcoin is that it's energy consuming [like producing gold] and inherently inefficient because a record of all that has gone before is maintained, meaning a mountain of data accumulates. The Federal Reserve produces money much more efficiently by simply adding another zero of quantitative easing. Bitcoin grinds away "mining" with as much energy input as mining an ounce of actual gold. If the politicians don't attack the Federal Reserve and grab the loot, then the Federal Reserve can maintain US$ better than bitcoin. Mqurice

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