Bitcoins are skyrocketing. Possible solution to hedge against financial collapse.

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posted on Mar, 28 2013 @ 01:45 PM
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I'm starting to wonder if maybe Bitcoins are doing too good...

If people are computer savy and old enough, they will remember Napster before everybody knew about Napster. Then everybody knew about Napster and it was dead within months and then eventually replaced by a commercial version.

All it would take to kill the Bitcoin price is for it to become illegal or just not really practically possible for people to get their money onto an exchange. It is still entirely dependent on the existing, traditional financial network of national currencies, bank accounts, credit cards etc. And the more significant it becomes as a shelter from imposed capital controls and wealth seizure, the more certain it is that it will happen.




posted on Mar, 28 2013 @ 01:48 PM
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Can anyone say 'tulip mania'?

This will end just as badly as the debt based fiat monetary system that is collapsing before our very eyes.



posted on Mar, 28 2013 @ 02:18 PM
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As soon as the encryption is cracked, that's it.





 
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