24 Mar '13, 10pm

The Eye of Sauron Has Spotted Bitcoin - Gold Seek #bitcoin

Coincident with Argentinian peso’s smooth straight line fall against the dollar beginning in 2010, bitcoin became fully operational that year with prices as low as 6 cents per BTC ( a single bitcoin). Over that same period the Argentinian peso has fallen from approximately 0.26 cents to 0.19 cents against the USD, a drop of 27%, while the value of bitcoin has risen from 6 cents to $73 ( this mornings rounding of last purchase price) or a gain of 121,566 %. Both of these comparisons are against the dollar. But one of the many benefits of bitcoin is, unlike gold and silver, which are overwhelmingly rigged to maintain the illusion of dollar strength, the bitcoin is not rigged, so in a world of total financial deception, there exists a tiny light of truth because bitcoin can be used as an objective value for cartel currency purchasing power (with proper scaling). We can get ob...

Full article: http://news.goldseek.com/GoldSeek/1364140800.php

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