Comment: second video...

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second video...

http://www.youtube.com/watch?v=9nWY-llqmlg

I agree with him that one of the properties of gold is that it is a safe storage of value because of its durability.

Bitcoins are also safe because of their durability: unlike fruit, gold and bitcoins will never rot.

He talks about the future value of gold; yeah he is right gold has stood the test of time and we should all invest in gold. (no one should put all their money into bitcoins).

Some people have come to understand the gold standard not explicitly about gold in itself but about competing currencies. And that is what I believe in and I think Silver, and even Bits have a place in such competition.

OMG... He goes on to talk about taxes... and why taxes are a good reason to stay away from bit coins... I stop the video There I am done with this guy...

look bit instant was hacked over the weekend. hackers took 12k in bitcoins.. (like the price of a car).. IT was bit instants fault; they should of doubled encrypted their site. They learned from their lesson.

This is not bad: Its called demand! They hacked into this new company because it was worth hacking.

If you want to get into bitcoins the best thing you can do is educate yourself on the subject: knowledge is power.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees