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It will be simple-easy to take down 'BitCoin' the way things are going... the NSA created the System for BitCoin to be exchanged Securely...
originally posted by: DBCowboy
a reply to: Generation9
I still think that bitcoins are like Beanie Babies.
I still just buy gold instead.
To each their own I suppose. It's their money and they're free to do with it what they want.
originally posted by: ttobban
a reply to: intrptr
Good points, and we also need to factor in the costs of mining/block chain. Currently, it costs thousands of dollars in electricity to mine a single bitcoin... that factor alone means that bitcoin now is undervalued... even at $20k. It surely doesn't cost $1,000's of dollars to print more notes...
Another parallel with the precious metal is that there’s a limited amount of Bitcoins that can ever be mined: no more than 21 mln coins. As of 2017, nearly 17 mln Bitcoins have already been mined.
originally posted by: St Udio...the TPTB will have authority of freezing-confiscating-blocking your access & ownership....