Comment: 1) Fake money? Please tell me

(See in situ)

In reply to comment: Btc will not lead us to the (see in situ)

1) Fake money? Please tell me

1) Fake money? Please tell me how BTC is fake money. What makes something fake and what makes it money?

2) What is gold backed up by? Silver? Paper? Value is in the mind, ask any deer or squid what value gold has and you will quickly find what "inherent value" means. Squat.

3) If you know anything about economics, you will understand that when there is a limited quantity of something and a large purchaser wants to step in, the price rises in proportion to that. Are "TPTB" really going to start purchasing massive sums of bitcoins, only pushing the price to 10,20,30K a coin? It isn't feasible and it won't happen.