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      06-13-2011, 09:33 AM   #9
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Drives: Saturn Redline
Join Date: Dec 2009
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Originally Posted by BTM View Post
A virtual currency with nuances even more convoluted than real currency, how is this any better? The central control still exists in this case, it is controlled by programmers/code/hardware. TBH, I feel more comfortable with a government backed currency over a "hacker" backed one. Valued higher than the USD, Euro, are misleading. Technically, everything is currency (I'm being very general using the term currency, but then so is referring to bitcoin as a currency), in that it has value, and they can be used as a medium to complete transactions. My cellphone is valued higher than the USD, it takes more than 1USD to buy one. Too bad I can't pay for groceries with cellphones. THen again, I can't pay for groceries with bitcoins either. I don't see this catching on.

100% this, seems like they're just trying to appeal to the sky is falling mentality people