Bitcoin, the most precious commodity….

Another alternative you might look into because it is cheap and hasn't achieved market parity yet, is Urocoin. It is backed to 1 ton of Urea fertilizer and the hope is as more importers start using it as a payment token for buying fertilizer the coin will eventually reach international market price of Urea at $325 a pop. Right now it's dirt cheap at 80 cents because it is relatively young, 6 months old and not enough companies have discovered it yet, but so far several transactions have been done with it. The company that distributes the Urea, Green Earth Systems, holds onto every token they get from the businesses who buy with it, and there is only 1 million coins in existence, so in a few months as the demand outpaces the supply they can finally release them back into the wild when market prices find stability.

For reference, 50% of the world's food production uses Urea....

It can be stolen, wiped clean, EMP'd, manipulated, accidentally lost, broken, or tracked. Not all people like it, want it, or have a computer. It not much different then the stock market so its volatile too. The most precious commodities in the future will be precious/rare metals, labor & water.

It is interesting, but the backing of a coin by anything requires some type of centralization, which defeats the purpose. I like the idea, but until we digitize urea it doesn't fit the niche Bitcoin does.

I like the idea of bitshares, which digitizes stock ownership and organizes it on a ledger. Crypto currencies will be able to revolutionize other things too, but there will only be one Bitcoin and Litecoin. These are the only two you should consider as money and invest long. Darkcoin has a niche too, but I'm not convinced it will stick around. Dogecoin may have a niche as a tip coin.

Cash can be burnt, blown away in the wind, stolen, otherwise destroyed, heavily manipulated, lost, ripped, and overprinted to no end.

Rare metals are great, but you can't send them as a store of value instantly to someone on the other side of the planet for free.

Mark of the beast type shit, you bitcoin tards are gonna be totally shafted by the system, only a matter of time.

Looks like the currency wars are in full swing - Russia creating an alternative to swift is bigger than QE3 stopping.

I doubt Bitcoin will have any value when the UN steps in to solve the world financial crisis and currency war - they might use a system similar to Bitcoin - but when the smoke settles your going to be left with digital trash

You don't carry all your 'money' in your pocket, its all stored on a hard drive/usb, all of it, no backup.

Also just to be fair much of that can't happen to Bitcoin.

An emp won't end the block chain, bitcoin lives on even in a Carrington Event.

Wiped Clean? No. The block chain lives everywhere now.

Manipulated? Possible in trading, but the number of bit coins produced by miners is fixed and will end at 21million bit coins.

Accidentally lost? If you lose your private key the bit coins are gone forever. Yup. Likewise, the only way they get stolen is if you have them with a third party or you are careless with your private key.

Broken? No. Matterless.

Tracked? That is what makes bitcoin Bitcoin. The block chain records every transaction and everyone has access to it. Your wallet address can be as anonymous or public as you like. The only way someone is going to track something to you is if you associate your identity with a wallet address. All of these things are well thought out.

Volatility. Upward. That is ok right, or are we just so used to the value of our money declining that we expect it.
2011- $.01
2012- $2
2013-$25
2014- $600
2015 -?

You can have infinite "backups". You can backup to a USB, the cloud, or even in your head by memorizing 12 random words. You can store money in such a way that no one, no government or jackbooted thugs, can take it from you. I can take a billion dollars from the US to Russia or South America or Iran or Africa and no TSA agent can seize it from me, no government authority at my destination would have any way to know I had it even if they stripsearched me. It is truly the most revolutionary money that has ever existed.

So it's literally a shitcoin.