Originally Posted by
dawg80
You mean John Stossel, a Libertarian, likes Bitcoins. And he gives his reasons why in that article. And, it is true, it does represent a way to conduct economic transactions outside the control of governments. Given how screwed up governments are, that is a plus for Bitcoins.
But, you said "Fox News" really likes them. I understand your confusion. Being the libtard you are, you are used to marching to the beat of the lamestream media. In lock step. Goose stepping, like a good NAZI. Well...sorry. John Stossel is merely employed by Fox and is free to express whatever opinions he wishes. And, as mentioned, he is also a dyed-in-the-wool Libertarian. Most viewers/supporters of Fox are conservatives. And why we, conservatives, share some kindred spirit with our brother Libertarians, i.e., we prefer a smaller government, we are most definitely NOT libertarian.
On the subject of Bitcoins, however. I have to hasten to add I have no personal issue with the concept. People are free...or should be free....to engage in commerce using whatever means they see fit. But, there are too many potential pitfalls for me to jump into the fray. The video shows how it works, and also how it can be abused. Beyond that, to have ANY value, people must have faith that the Bitcoin they receive in a transaction will maintain its value so they too can exchange it for goods/services. And therein is the rub, as far as I'm concerned.
It may have collapsed already, given what has happened with the Mt Gox Exchange. If not, it could at any time. Not "stable" enough for me, and I guess, most other folks.