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Old December 26th, 2018 #3
Alex Linder
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Join Date: Nov 2003
Posts: 45,756
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I don't know...you have too much emotion against it, which tells me you feel there is something to BitCoin.

It's easy to point out what's wrong with real ponzi schemes, undeniable. social security, madoff and such.

All money is based on faith, there's more reason to have faith in BitCoin's underlying technology than in the dollar.

Both are valuable and figure to be valuable in the future, is my guess.

The difference between dollar and bitcoin is that bitcoin is based on solid and developing technology, whereas dollar is based on US Govt. which is essentially a global empire that is running out of quality people.

Russia, China and others are working to create options besides SWIFT and the dollar as currency reserve. I don't think the long-term future for the dollar is solid, altho I'm sure it will retain value for some time.