[Chugalug] Bitcoin = scam

John Aldrich jmaldrich at yahoo.com
Wed Aug 7 17:59:20 UTC 2013


Quoting Aaron Welch <n2nightfall at gmail.com>:

> This is the same as the US dollar.  I am not sure why people hate on  
>  BTC, when the USD is way worse.  The only thing protecting the   
> viability of USD is your and my faith that it will hold enough value  
>  to pay for your food, gas, and rent tomorrow.
>
> -AW
>
Dang. Beat me to it. Unlike in the past, the US Dollar is only backed  
by the government saying "Trust us. It's all good." OTOH, BTC doesn't  
even have that going for it. All it has is people who are, for now,  
willing to exchange BTC for $US.


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