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While I was alluding to that before, gold is a material and it's scarcity has real limits. And Euros and dollars have some weight behind them with political officials who have names and faces.longhornbaseball wrote:And gold as well. Our money is what we want it to be.ghostrunner wrote:Though that's also what dollars and euros are.Joe Shlabotnik wrote:Nothing. Literally.
Absolutely not true on its face. Wild exaggeration!ghostrunner wrote:Though that's also what dollars and euros are.Joe Shlabotnik wrote:Nothing. Literally.
I'm not a big proponent or anything, but it's usefulness would depend on how many people accept it as currency. If you've accumulated it, and someone accepts it as payment, then it's valid.MrSaigon wrote:While I was alluding to that before, gold is a material and it's scarcity has real limits. And Euros and dollars have some weight behind them with political officials who have names and faces.longhornbaseball wrote:And gold as well. Our money is what we want it to be.ghostrunner wrote:Though that's also what dollars and euros are.Joe Shlabotnik wrote:Nothing. Literally.
My Bitcoin knowledge is piecemeal at best, but I'm pretty sure there's limit to the number of possible bitcoins too. Something like 40-50% of the possible ones have been mined, I think?MrSaigon wrote:While I was alluding to that before, gold is a material and it's scarcity has real limits. And Euros and dollars have some weight behind them with political officials who have names and faces.longhornbaseball wrote:And gold as well. Our money is what we want it to be.ghostrunner wrote:Though that's also what dollars and euros are.Joe Shlabotnik wrote:Nothing. Literally.
Right, that's what I read. There will be 22 million and presently there is roughly half of that. But, my point, or question, is 'says who?'Transmogrified Tiger wrote:My Bitcoin knowledge is piecemeal at best, but I'm pretty sure there's limit to the number of possible bitcoins too. Something like 40-50% of the possible ones have been mined, I think?MrSaigon wrote:While I was alluding to that before, gold is a material and it's scarcity has real limits. And Euros and dollars have some weight behind them with political officials who have names and faces.longhornbaseball wrote:And gold as well. Our money is what we want it to be.ghostrunner wrote:Though that's also what dollars and euros are.Joe Shlabotnik wrote:Nothing. Literally.
Of all the fortunate people out there, the Winklevosses are one of the very few that I *do* feel sorry for.MrSaigon wrote:Not that it will challenge the temperature of their blue blood (we should start a thread for 'why do we look down on the fortunate' there seriously might be some good discussion there and far more guilty parties), but the Winklevosses lost a cool fortune in the last couple days.
