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07:11 PM

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Subject The Problem with Digital Currency

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[quote:Anonymous Coward 46617826:MV8yNDcxNTIyXzQyNTc3NDI2XzdCNTYxNDk3]
[quote:PIR:MV8yNDcxNTIyXzQyNTczNjk4X0YzRkNBMzYy]
[quote:Oyster:MV8yNDcxNTIyX0FGQzMwOTRE]
well maybe it's just MY problem and not THE problem but...

it's just all based on confidence like the BS fiat system we already have.

so what is the motivation? i dont get it.  [b][color=red]why trade one made up bullshit number for another?[/color][/b]

i mean, i like the desire and innovations put forth to break free from the current system but when it really comes down to it Bitcoin and the others are no better IMO.

feel free to convince me otherwise because I am intrigued by it, i just dont get it.
[/quote]

Answer...profit.

Bitcoin profit in 7 months 8,000%

Dogecoin profit in 7 weeks 600%

Litecoin profit in 6 months 2,000%

Namecoin profit in 6 months 3,000%

So...what's in your wallet?

Buy Dogecoin and soon MaxCoin here:  https://www.coins-e.com/?ref=5063534043987968

Snooze ya lose!

:5a:
[/quote]

You just described the classic Ponzi scheme.

[i]"Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of money from new investors to sustain the scheme."
[/i]

http://en.wikipedia.org/wiki/Ponzi_scheme
[/quote]

Original Message well maybe it's just MY problem and not THE problem but...

it's just all based on confidence like the BS fiat system we already have.

so what is the motivation? i dont get it. why trade one made up bullshit number for another?

i mean, i like the desire and innovations put forth to break free from the current system but when it really comes down to it Bitcoin and the others are no better IMO.

feel free to convince me otherwise because I am intrigued by it, i just dont get it.

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