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Old December 28th, 2017, 12:15 PM   #1
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Bitcoin 'doesn't pass the smell test'?

"Bitcoin 'doesn't pass the smell test,' says Massachusetts securities regulator"

https://www.cnbc.com/2017/12/27/bitc...regulator.html

LMAO - and does this securities regulator think that this does?



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Old December 28th, 2017, 01:54 PM   #2
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Lets see it is a currency backed by nothing, Sounds a lot like federal Reserve notes.
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Old December 28th, 2017, 02:46 PM   #3
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I was thinking today , what is the future of bitcoin?

Of course, at some point there will be a collapse of the value in dollar terms, but what then?

I think at some point Walmart or some other major retailer will start their own digital currency. It will have a minimum value with that retailer and likely offer special sales and discounts for using their currency.

Overtime exchanges of digital coin beyond the retailer will become common making the digital coin a viable currency
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Old December 28th, 2017, 02:54 PM   #4
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Quote:
Originally Posted by webguy4 View Post
I was thinking today , what is the future of bitcoin?

Of course, at some point there will be a collapse of the value in dollar terms, but what then?

I think at some point Walmart or some other major retailer will start their own digital currency. It will have a minimum value with that retailer and likely offer special sales and discounts for using their currency.

Overtime exchanges of digital coin beyond the retailer will become common making the digital coin a viable currency
It's backed by nothing and by no one, except the hope that a greater fool than you will pay you more than you paid for it, and the hope that it will be there on the exchange where you purchased it, and the fervent hope that the exchange will be there.

Eventually it will be worth nothing.
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Old December 29th, 2017, 04:01 PM   #5
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Bitcoin is another bubble like the dot-com bubble and the mortgage bubble. All of these things burst, and it won't be pretty.
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