Short Term Pinch (STP)

[TVeyeGuy]

Great Bitcoin essay, Global. Rant on!

I'm not very well versed on how the network of people relates to Bitcoin and or transactions. I know that theoretically it's amazing and pure and uncorruptible.
But once you put humans and scumbags in the mix, someone will find a way to steal or create fake bitcoins and fool the system.

Brings us to the whole underlying concept of what a currency is. Whether it's on paper, pieces of gold, digital coins or tulip bulbs... It all comes down to trust and reliability.
Despite many problems with over printing and manipulation, the good ol US dollar bill is trusted AND reliable. Around the world. By everyone.
I don't see that changing anytime soon.

Sure is interesting fireworks for now :P

Peace