In Spain, The Bitcoin Run Has Started

In Spain, The Bitcoin Run Has Started | Zero Hedge

zerohedge.com 21 Mar '13, 12am

In Spain, The Bitcoin Run Has Started

But the same question has to be asked of Bitcoin as with any other form of currency. If you hold USD's, in the end, your offset is against what the Fed holds which is garbabe (i.e., treasuries, MBS, other CB loans, etc.). If you hold Bitcoins, what is your offset as this currency was in fact simply exchanged for other forms of currency (in this case, primarily the Euro). Hence, Bitcoin is being exchanged with other forms of currency which are essential in the same boat as the USD, (a claim against worthless assets). That is, if you own a Bitcoin, your claim is against the currency being held as remember, all currency is a form of debt with a claim against some type of asset (if any at all). Now if Bitcoin is backed by real assets of value (e.g., PMs, energy, grains, etc.), then I might be more convinced but right now, this looks to be frenzied buying without consideration ...

Full article: http://www.zerohedge.com/news/2013-03-20/spain-bitcoin-ru...

Tweets

@videoBL » 15 Apr '13, 8pm
RT @AskMarcCharles: Bitcoin Run Started [link] #money #cash
@verapfundt » 13 Apr '13, 3pm
RT @webisteme: "If you want to get a good sense of the stress European savers are feeling, just watch #Bitcoin prices." [link]
@ese_mismo_ » 29 Mar '13, 9pm
RT @paulsmith031158: RT “@CatalystHouse: In Spain, The Bitcoin Run Has Started - [link] [link]” @censorednewsnow
@paulsmith031158 » 29 Mar '13, 5pm
RT “@CatalystHouse: In Spain, The Bitcoin Run Has Started - [link] [link]” @censorednewsnow
@MISISIPII » 25 Mar '13, 5pm
RT @JoannaHiggins: Suddenly it's all about Bitcoin (again) [link] & [link] & [link] & [link]
@JoannaHiggins » 25 Mar '13, 5pm
Suddenly it's all about Bitcoin (again) [link] & [link] & [link] & [link]
@dari0t » 25 Mar '13, 7am
RT @ziodave: #Euro crisis in #Cyprus boosts #BitCoin usage and value (+30% in 2 days) in #Europe [link]
@ziodave » 25 Mar '13, 6am
#Euro crisis in #Cyprus boosts #BitCoin usage and value (+30% in 2 days) in #Europe [link]
@mischadohler » 22 Mar '13, 11pm
RT @anthonymobile: In Spain, The Bitcoin Run Has Started [link]
@ethospete » 22 Mar '13, 7pm
In Spain the #bitcoin run has started - [link] - Ethos now accepting #bitcoins for health - [link] #news
@mrs_bopp » 22 Mar '13, 12pm
The comments here will make you feel giddy - In Spain, The Bitcoin Run Has Started | Zero Hedge [link]
@adrianjchung » 21 Mar '13, 11pm
Who'd have thought hard to reverse hashes would become so valuable -- from 37 to 50 Euros in 2 days.... [link]
@antonello » 21 Mar '13, 9pm
@milleiro sip, es la misma tesis de [link] sea confianza en lo no regulado es muy española como apuesto en el post
@heathercorc » 21 Mar '13, 8pm
RT @jamie_jk: [link] I'm long on BTC
@jamie_jk » 21 Mar '13, 8pm
[link] I'm long on BTC
@vzuidam » 21 Mar '13, 8pm
RT @rutgervz: RT @FrederiekeH: Leest: 'In Spain, The Bitcoin Run Has Started' [link]
@P45C4L » 21 Mar '13, 6pm
#Bitcoin and #Spain: keep an eye on it, something is happening — [link]
@rutgervz » 21 Mar '13, 4pm
RT @FrederiekeH: Leest: 'In Spain, The Bitcoin Run Has Started' [link]
@Free_Caledonia » 21 Mar '13, 4pm
RT @LeeMarsons: In Spain, The Bitcoin Run Has Started | Zero Hedge [link]
@OccupyNerds » 21 Mar '13, 4pm
RT @mindrevolution3: In Spain, The Bitcoin Run Has Started | Zero Hedge [link]
@vikastiwari989 » 21 Mar '13, 3pm
"..get a good sense of the stress European savers are feeling, just watch Bitcoin prices." EUR37 to EUR 50 in 2 days [link]
@LukeHoersten » 21 Mar '13, 3pm
RT @chrisbreen: In Spain, The Bitcoin Run Has Started | Zero Hedge [link]
@Alejandro_Amo » 21 Mar '13, 3pm
RT @areino: In Spain, The Bitcoin Run Has Started [link] #nowreading
@blancz » 21 Mar '13, 3pm
RT @pensionpartners: In Spain, The Bitcoin Run Has Started [link] via @zite
@areino » 21 Mar '13, 3pm
In Spain, The Bitcoin Run Has Started [link] #nowreading
@datumrich » 21 Mar '13, 3pm
RT: @zerohedge: In Spain, The Bitcoin Run Has Started [link] <~ going to need to dig into this a bit
@XygoIus » 21 Mar '13, 2pm
@ChaosAddicted evo za tebe dva članka koja su meni zanimljiva od danas [link] [link]
@daniel_kalt » 21 Mar '13, 2pm
Interessant: In Spain, The Bitcoin Run Has Started | Zero Hedge [link]
@TROPICALISMOphl » 21 Mar '13, 2pm
"@Shocklee: the start of a new currency?.... In Spain, The Bitcoin Run Has Started [link]" @SethArchambault there it is
@forexpro13 » 21 Mar '13, 1pm
RT @crunkecowear: #bitcoin #currency #without #government #spain [link]
@hugh_knowles » 21 Mar '13, 1pm
More on the Bitcoin run in spain from the excellent @zerohedge [link] HT @indy_johar
@ScottKAndrews » 21 Mar '13, 1pm
RT @indy_johar: In Spain, The Bitcoin Spike Has Started | Jumped from around EUR37 to over EUR50 in the last two days HT @ZeroHedge [link]
@Shocklee » 21 Mar '13, 1pm
the start of a new currency?.... In Spain, The Bitcoin Run Has Started [link]
@indy_johar » 21 Mar '13, 1pm
In Spain, The Bitcoin Spike Has Started | Jumped from around EUR37 to over EUR50 in the last two days HT @ZeroHedge [link]
@jonnykblog » 21 Mar '13, 12pm
In Spain, The Bitcoin Run Has Started | Zero Hedge [link] @adamkokesh
@davidmintecon » 21 Mar '13, 12pm
More on Bitcoin adoption: [link]
@LorenzTrader » 21 Mar '13, 12pm
RT @jorgevalin: In Spain, The Bitcoin Run Has Started | Zero Hedge [link] #let
@wilherman » 21 Mar '13, 12pm
RT @wmiddelkoop: Wat is veiliger een bitcoin of .... RT@Berenbotje1974: In Spain, The Bitcoin Run Has Started [link] #saysitall
@BenjiTaylorWins » 21 Mar '13, 11am
RT @izamryan: In Spain, The Bitcoin Run Has Started | Zero Hedge [link] @oxba check it out
@Patrick_Smets » 21 Mar '13, 11am
Un curieux #bankrun en cours en Espagne. Explosion du prix des #bitcoin. [link]
@izamryan » 21 Mar '13, 11am
In Spain, The Bitcoin Run Has Started | Zero Hedge [link] @oxba check it out
@MichelSchep » 21 Mar '13, 11am
De prijs van de bitcoin is enorm gestegen de afgelopen dagen: [link]
@wmiddelkoop » 21 Mar '13, 10am
Wat is veiliger een bitcoin of .... RT@Berenbotje1974: In Spain, The Bitcoin Run Has Started [link] #saysitall
@webisteme » 21 Mar '13, 10am
"If you want to get a good sense of the stress European savers are feeling, just watch #Bitcoin prices." [link]
@opdiss » 21 Mar '13, 10am
RT @_reflets_: Le Bitcoin, monnaie refuge après l'évènement de Chypre ? [link]
@_reflets_ » 21 Mar '13, 10am
Le Bitcoin, monnaie refuge après l'évènement de Chypre ? [link]
@dmvmurphy » 21 Mar '13, 10am
IF you have any savings (which I don't) you should buy bitcoin. No government can manipulate or steal it. [link]
@robotnr7312 » 21 Mar '13, 10am
In Spain, The Bitcoin Run Has Started | Zero Hedge [link] #svpol #ansvar
@Albertora_ » 21 Mar '13, 10am
RT @pablogianella: #bitcoin The value of the virtual currency has soared almost 30 percent in the last two days.[link]
@mruusinen » 21 Mar '13, 10am
RT @villepeltola: In Spain, The Bitcoin Run Has Started | Zero Hedge [link]