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Article #620247

Re: Bitcoin confusion?

#620247
From: jmfbahciv
Date: Tue, 06 Feb 2018 14:58
25 lines
2712 bytes
Peter Flass wrote:
> Huge <Huge@nowhere.much.invalid> wrote:
>> On 2018-02-05, John Levine <jo...@taugh.com> wrote:
>>> In article <fdrhe4...@mid.individual.net>,
>>> Huge  <use...@huge.org.uk> wrote:
>>>>> It's not backed by anything.
>>>>
>>>> Neither are any other currencies, other than the word of the State. Good
>>>> luck with that.
>>>
>>> I'm looking at what I can buy what dollars and what I can buy with
>>> bitcoins.  I think I know which are more useful in real life.
>>
>> Quite so, but that isn't what you said.
>>
>>
>
> Bitcoins are wonderful for anyone engaged in illegal business, p@rn, arms
> trading, drugs, human trafficing, etc. For other stuff I'll stick to $.
>
But there's no way to cash it in unless one can find someone who is willing
to buy the bitcoins for government-backed currency.  It's almost like a
pyramid scheme.

/BAH
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From: jmfbahciv <See....@aol.com>
Newsgroups: alt.folklore.computers
Subject: Re: Bitcoin confusion?
Date: 6 Feb 2018 14:58:19 GMT
Organization: "Have EDDT, will travel"
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