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Comment: Some Thoughts I Have

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Some Thoughts I Have

Bitcoin is "backed" by its protocol. The transfer-ability and anonymity of Bitcoin may just be of more value in today's instant online digital world than "intrinsic value". Intrinsic value is not THE ONLY important metric. And Ron Paul himself has said that the currency we use should be "whatever the market decides". He does not want the government dictating or forcing even gold on us.

Also, the concept of an entirely digital and open-source currency like bitcoin is still a fairly new one. In the end I don't get why all you gold bugs are so upset with bitcoin. They're two completely separate entities in my opinion. One is more of an internet/digital wealth transaction tool and the other is a tangible asset meant for long-term savings.

Get over it. Bitcoin has it's uses and so do precious metals.