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Article #620248

Re: Bitcoin confusion?

#620248
From: Scott Lurndal
Date: Tue, 06 Feb 2018 16:19
30 lines
2705 bytes
jmfbahciv <See....@aol.com> writes:
>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

Barter has been operational for several millenia.    One need not
trade BTC for $$.

>to buy the bitcoins for government-backed currency.  It's almost like a
>pyramid scheme.
>
>/BAH
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References: <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <1678627037.539574265.991160.peter_flass-yahoo.com@news.eternal-september.org> <PM0005648CB16CAB60@aca4146a.ipt.aol.com>

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Subject: Re: Bitcoin confusion?
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References: <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <p59htp$l66$1@dont-email.me> <p59vu0$5go$1@dont-email.me> <p5a2ib$lv6$1@gal.iecc.com> <fdrhe4Frf66U2@mid.individual.net> <p5acdd$1gt3$2@gal.iecc.com> <fdrqpfFtrpbU2@mid.individual.net> <1678627037.539574265.991160.peter_flass-yahoo.com@news.eternal-september.org> <PM0005648CB16CAB60@aca4146a.ipt.aol.com>
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