23 Apr '13, 10pm

Bitcoin's Problem With Liquidity And Market-making via @HuffPostBiz

I noticed Dr Ron Paul agreed with me that BitCoin does NOT satisfy the criteria that this is really money since it has no intrinsic value. Yet to hear Max or anybody explain with validity how it has intrinsic value other than the "wooly" idea that 'privacy' is somehow a value connected with BitCoin. Can't fathom out how that can be a credible answer. As Dr Paul avers "it can't be put in my pocket" and "what if you don't have a computer?" or what happens if there is a problem with the technology??? Bitcoin sounds to me like some crazy currency from a cheap oriental video game no better than paper money. Surely Max isn't a Candy Crush Saga, Farmville or Mafia Wars afficianado?

Full article: http://www.huffingtonpost.com/max-keiser/bitcoins-problem...

Tweets

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