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Zorax

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Zorax

Re: YesWeCannabis post# 130038

Sunday, 12/10/2017 12:47:19 PM

Sunday, December 10, 2017 12:47:19 PM

Post# of 220817

Something must be the underlying value and Bitcoin is already there.

This is really a weird debate. Something of value and bitcoin is already there? Bitcoin itself is a unbacked speculated value isn't it? We're talking about cloud vapor having values. I certainly wouldn't give some company my 10,000 dollars IRA account to shift into bitcoin.

Think about this, when I said the banks and hedge funds are deep into bitcoins, the banks are investing into bitcoin exchanges and contracts, other than maybe using older blockchain systems for rudimentary long term accounting, Banks are NOT accepting bitcoin for my next house payment. Banks and credit unions are not using bitcoins as currency from citizens. IF bitcoin is so great and been here for years, why not?
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