I've been confused about Bitcoin ever since I heard of it. At first I thought it was some sort of hard commodity because all the Ron Paul people were talking about it, so I figured there was precious metal involved. :)
Did some reading this week and I was confused about what gives it its value. Really, it's just consumer faith when you boil it down. Which doesn't make sense at first. Then you realize this identical to what gives money its value in the US monetary system as well.
If Bitcoin gets outlawed, we should outlaw dollars then, too, right? Right?
www.standardexcellence.net - Bringing you Oklahoma, Texas and national news & opinion that matters for liberty.
Want DP delivered to your inbox daily? Subscribe here: