It's funny how people are led to love quantitative easing because they can make money on it.

QE is terrible. I hate it despite any money making opportunities.

Maybe I didnt express myself clearly with my e-mail analogy.
letters do a specific job. pick one. saying happy b-day, wish you were here, paying my visa with a check, etc.
I am not talking about the papers value. I'm talking about the thing called a letter.

e-mail can do the same job. it's useful to humans just as a paper letter is. it gets the job done (be it, happy bday, wish your were here, visa, etc) only faster, with less energy and ressources.


Look at it this way. If I took away e-mail tomorrow. how much money would a company pay me to reinstate e-mail in the business world?

So if I took away Nike's capacity to e-mail. it could go back to paper letters to malaysia, long distance phone calls and the fax machine.
How much money do you think nike would be willing to pay me to reinstate e-mail within their company.

e-mail has enourmous value. Even though I can't touch it, see it, hug it, get it to give me a bj, etc. Binary has value.  1000100010111100101010010111100001001001001

 its a double edged sword man. no gov control or back by trust.  i would argue that an email to grandma has no value as cause cant trade it for a bitcoin, or silver. an individual would have to see the value in said email and be willing to pay you upon an agreed price. i dont know of anyone that is buying emails between two individuals. unless there are of some pictures of naked chicks or grandmas secret chicken soup recipe.

i buy gold and silver cause they cant be printed or created out of thin air. i believe in the silver story as a protection of wealth, im not a day trader or an investor an have no interest in doing them.value is subjective to the individual yes.but what do you think is going to happened if china dont "trust" our dollar and dump 3 trillion into the market?? again, its all about trust..

 until interest rates out pace the real inflation ill be buying silver an gold.

eah, as a student of austrian economics for the last 4 years this goes against the number one principle, an thats is its backed by nothing by trust. im just going to arbitras this to get more silver. ive gotten 20btc this morning @23 an hope to gain 40 oz out of it. a lot of these guys on here dont understand economics. they just say its rare, its valuable. which is true if people want it, an they do...

well, I can tell you that many people are pissed off about the ability to get money into the system, mtgox or any other exchange.
dwolla sucks, liberty reserve sucks, bank wire sucks, it all blows, the private markets are lurky and murky . Ive been trying to buy since 9 and have witnessed a 20 point move. That is aggravating to say the least, considering its all upon the middlemen, which is the whole point of establishing BTC, get rid of these controlling middlemen. 

The craziness, all goes back to what I said earlier, that people here brushed off or didnt understand.  The float on BTC is so small  that the volitility on BTC will be insane. and it is.  Programmers are not economists and I dont feel that the community understands the dynamics of markets, float, volume etc. Ive been a trader in various professional markets for 16 years, and I tell you now, the insanity is just beginning because of the very limited float. MTGox is in over their head, and will become more so as things proceed. My guess is that the mob in russia is attempting to corner the market and with this float it wont be that hard. There are so many variables here, that the community doesnt understand, but I think the education is starting.