A sucker born every minute. Why bitcoin is for idiots: You complain about the dollar being fiat currency, yet you are willing to buy something that exists only as ones and zeros on a computer. Its so easy to steal bitcoins its not even funny. Its supposed to be anonymous, but when you want to get your real money back, they need your ssn and blood sample.
Here is a Yahoo article that provides some more information... http://finance.yahoo.com/news/bitcoin-exchange-mt-goxs-website-053727859.html
Again, bitcoin is bullshit money. Get it ? Bullshit money. That's it. You can "steal" bullshit money, but it's still bullshit money. Get it ? Of course you do, you are just playing dumb. But guess what Mr Bitcoin "representative", you are not fooling anyone anymore.
Yet there was just a thread in which they were talking about bitcoin being the world's reserve currency. And yes...they were actually serious. LOL
US dollar is measure of good faith in the US, country as a whole, backed by her credibility, and you know it US is very well-endowed country (relative speaking). I think it's not "In God we trust". rather it's "In dollars we trust", so everyone can feel safe to exchange goods and services around the world. If bitcoins are backed up gazillionaires of the world, then it might have credibility or else they are just as good as Zimbabwe dollars or perception. Article 1 - The Legislative Branch Section 8 - Powers of Congress The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; To borrow money on the credit of the United States; To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States; To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; To provide for the Punishment of counterfeiting the Securities and current Coin of the United States ; To establish Post Offices and Post Roads; To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective." Section 10: Limits on the States[edit] Clause 1: Contracts Clause[edit] Main article: Contract Clause No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. States may not exercise certain powers reserved for the federal government: they may not enter into treaties, alliances or confederations, grant letters of marque or reprisal, coin money or issue bills of credit (such as currency). Furthermore, no state may make anything but gold and silver coin a tender in payment of debts, which expressly forbids any state government (but not the federal government[62]) from "making a tender" (i.e., authorizing something that may be offered in payment[63]) of any type or form of money to meet any financial obligation,[64] unless that form of money is coins made of gold or silver (or a medium of exchange backed by and redeemable in gold or silver coins, as noted in Farmers & Merchants Bank v. Federal Reserve Bank[65]). Much of this clause is devoted to preventing the States from using or creating any currency other than that created by Congress.
i didn't read any of the posts in this thread.waste of my time. news was out hours ago before it was posted here. i woke up at 7 am est-it was on yahoo f** finance..front page..so much for all bitcoin lovers. #2-every gvt in the world will do everything they can to f** this up. cause they can, and because it represent direct threat for them(the politicians). they don't' like that. freedom,anonymity..nope..that's why it's doomed in this current times. ask yourself-why there is less and less cash?cash is anonymous..gvt don;'t like that. so here we come...all on plastic. easy to see,easy to check,easy to control(for those,who control it). and not so easy for you-the public to find how much is out and where did it go..aaaa f*** it..SSDD or as as George Carlin once said-it's bad you ya..
Don't get me wrong, the New World Order scums will prevail for a while. And we will suffer, unfortunately. And then our Lord Jesus Christ (the Son of God) will come back and crush them all, on Judgment Day! They know it but they are just trying to buy time... Enough said.