Bitcoin is less good an investment than any fiat currency, which is to say, given that fiat currencies are inflatable at the whim of the bureaucrats, not very. The problems with bitcoin are different than paper currencies, however, and worse, as seen by the failure of not just mtgox, but at least two other bitcoin exchanges recently (flexcoin and poloniex).
This is not a mature exchange medium, and governments hate it. Those two reasons alone should give one pause for consideration. Kurt On Thu, Mar 6, 2014 at 2:09 PM, Ken Cornetet <[email protected]> wrote: > No, because Dave has at some point in the past went from doing what he does > best (personal finance) to being an expert on all things financial. This is > a good example. He clearly has done zero research into bitcoin, and yet he > is an expert on it. > > > > Now, I’m not saying bitcoin is a good investment, but I am saying that Dave > clearly doesn’t understand what it is, or what makes it valuable. In fact, > he gets things exactly 180 degrees wrong. Bitcoin’s strengths are that it > doesn’t depend on a government backing it. Like gold or silver, and unlike > paper money, bitcoin has an inherit value (a hard to find number with > certain cryptographic properties). > > > > He also conflates the the failure of MtGox with the bitcoin currency itself. > That’s a bit like saying dollars are junk because some savings and loans > failed during the 70s (which weren’t FDIC insured and real people lost real > money). > > > > From: [email protected] [mailto:[email protected]] > On Behalf Of Webster > Sent: Thursday, March 06, 2014 2:17 PM > To: [email protected] > Subject: RE: [NTSysADM] OT:Bitcoin > > > > Just because he thinks Bitcoins are a pile of crap and a scam? > > > > > > Webster > > > > From: [email protected] <[email protected]> on > behalf of Ken Cornetet <[email protected]> > > Sent: Thursday, March 6, 2014 12:28 PM > To: [email protected] > Subject: RE: [NTSysADM] OT:Bitcoin > > > > I have great deal of respect for Dave’s financial philosophy and advice for > the most part, but Dave long ago lost the distinction between his opinions > and facts. > > > > From: [email protected] [mailto:[email protected]] > On Behalf Of Rod Trent > Sent: Thursday, March 06, 2014 12:59 PM > To: [email protected] > Subject: RE: [NTSysADM] OT:Bitcoin > > > > Oh, he does. He says it pretty plainly. > > > > > > From: [email protected] [mailto:[email protected]] > On Behalf Of Tigran K > Sent: Thursday, March 6, 2014 12:37 PM > To: [email protected] > Subject: Re: [NTSysADM] OT:Bitcoin > > > > He doesn't understand what bitcoin is. > > > > > > On Thu, Mar 6, 2014 at 9:21 AM, Rod Trent <[email protected]> wrote: > > To me…this pretty much explains the whole Bitcoin scam… > > > > http://youtu.be/32l1ht1wlLI > > > > From: [email protected] [mailto:[email protected]] > On Behalf Of J- P > Sent: Thursday, March 6, 2014 12:02 PM > To: [email protected] > Subject: [NTSysADM] OT:Bitcoin > > > > http://www.pcworld.com/article/2105280/10-questions-on-the-mt-gox-implosion.html > > > > > Jean-Paul Natola > > >
