Category Archives: intrinsic value
Bitcoin is a virtual currency that has no intrinsic value. The only thing giving bitcoin value is the faith that people have in it, and now that faith has been shattered. This week, the most prominent bitcoin exchange in the entire world, Mt. Gox, totally collapsed. At one time, Mt. Gox boasted more than a […]
goldsilverbitcoin.com / by zapata / March 15, 2013 Bitcoin has gone parabolic in the Headlines. Perhaps it is because of Bitcoins recent rise of over 200% percent since September of 2011. To be honest Bitcoin has not gotten the credit that it deserves. Among the Old Guard of the sound money champions, the biggest point of contention that they have with […]
It depends how long we’re going to pretend a scarce and useful physical metal is the same as unlimited imaginary paper promises.