I don't doubt that a global virtual currency may well exist in the future, by why Bitcoin ? Why can't it be Ripple or the one that I invented, Queefs?
How do you know that Bitcoin won't be the Betamax of the cloud currencies ? Maybe you are lusting over the wrong geek coins ?
Get on Queefs merkin. You heard it here first.
Ripple is a centralized coin. I made money on that earlier in the year purely on speculation but it is not finite like bitcoin. That is it’s weakness.
Every old school currency that has worked well is pegged back to a finite product like gold or oil. It’s as we all know mines or refined, just like Bitcoin.
However currency corruption like in the case of the USA just keep printing money until the system collapses. And what will they do when it does?
Answer: Virtual currency. It’s here to stay boys and the daddy of them all will be used as the benchmark no matter what they pick. It will be the gold standard of what other virtual currencies are valued at and like gold it will find it’s value and be less volatile and rise during a crisis and remain steady when the good times roll.
In this digital age we don’t need pieces of gold that we can touch just like we don’t need physical devices to save shit on. It’s all in the cloud and it’s the same reason why we don’t need physical pieces of gold anymore, we just need the new virtual gold called Bitcoin.
The doomsdayers are thinking analog in a digital world and are still in the denial stage. However deep down know it’s a revolutionary phenomenon that they cannot stop.