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gump90

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gump90

Re: None

Friday, 12/13/2013 11:26:22 AM

Friday, December 13, 2013 11:26:22 AM

Post# of 59174
The major point about being a true currency or National Purchasing Unit is STABILITY. Forget that right now. One meaningful standard to which a National currency can be irrevocably tied is a basket of groceries in the supermarket. If we cannot eat -- we die !!!!!!!! How fundamental is that ? Bring in X Bitcoins and buy the SAME groceries time after time after time. ( Within a very very minimal fluctuation ). THEN YOU WOULD HAVE SOMETHING !!!!!!!!!!!!!!! This extreme volatility now in the Bitcoin right now rules out the above. But the concept is almost perfect. Trouble is the Bankers are so powerful they would fight that - tooth and nail. But Bitcoin is the way to go if it ever becomes our Currency.

Here is my personal Disclaimer
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72316577

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