Quote:
Originally Posted by Luggage
Bitcoin does provide certain value as far as it being a private currency and it has an ability be used on the internet for micro transactions. This is something Warren Buffett doesn't understand. Also everything can we use for money if other people decide as value. Silver Pieces Of Eight which themselves can only be melted down for jewelry used to be used as well as large Stones cut into Wheels. We also use little pieces of plastic all credit cards which themselves are backed by little green pieces of paper are you put in your bank or by so cold faith of credit at your bank decides you are worth so in reality it is all game of faith
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Good post, I agree. And civilization itself could come apart by wars or diseases. At which time people would go back to barter as in, "I will give you 2 fish for 1 rabbit".