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originally posted by: intrptr
originally posted by: JinMI
a reply to: intrptr
Yes, you're right. Fail is too harsh of a term. Falter? Reduce massively in leverage?
However, no one (that I know of anyway) can eat or drink gold.
Any small merchant will accept it as currency, anywhere in the world.
Thats how things used to be. All merchants had a touch stone, balance, and a bottle of acid to determine purity.
Patrons held gold in chains wrapped about their body, removed links for payment of groceries and other goods or services at the marketplace.
The Spanish Galleon, Atocha treasure ship found off Florida by Mel Fischer was full of these linked gold chains...
Actually you will find noone, literally anywhere in the world will accept gold as a currency.
originally posted by: neo96
Bitcoin just hit $19,000.
Still two weeks left in the year.
Gonna say 2017 will end with bitcoin over $20,000.
originally posted by: rshackleford
I've never understood why it has to be a threat or anything. I've heard it a lot. I have some investment in different coins myself, but I don't see why it has to threaten anything. It's just something different. There's nothing wrong with that. I certainly don't think it's going to overthrow any kind of system or anything along those lines anyway. It just isn't going to happen. It doesn't mean it can't be valuable or useful without needing to overthrow or threaten anything else.