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Author Topic: 300 million dollars out of thin air: Bitcoin turns four and approaches $30 value  (Read 1381 times)

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300 million dollars out of thin air: Bitcoin turns four and approaches $30 value



Quote
Money is a delusion – but a delusion that works as long as it's shared. The value of a U.S. dollar was once tied to a government guarantee that you could, at any time, exchange it for a quantity of precious metal – but since America officially abandoned the gold standard in 1971, its value is now more or less rooted in its ubiquity. If large swathes of people decided they would no longer accept it, it would suddenly be worth a lot less.

Quote
Bitcoin was first proposed in 2008 – a fortunate time, since faith in the global banking hegemony and government control of money was crashing as the global financial crisis kicked in.

Read the full article http://www.gizmag.com/bitcoin-creation-value-overview/26325
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
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