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Author Topic: The Trillion-Dollar Bitcoin (new blog post)  (Read 1254 times)
mpfrank
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January 12, 2013, 04:10:46 AM
 #1

I took a siesta from Bitcoin in between debt-ceiling crises.  Now I am getting back in.  Here's why:

http://minetopics.blogspot.com/2013/01/the-trillion-dollar-bitcoin.html

If all the sovereign non-cryptocurrencies will eventually collapse from hyperinflation, you can't afford *not* to invest in Bitcoin...  See my blog at http://minetopics.blogspot.com/ .

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January 12, 2013, 05:37:51 PM
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Quantitative Easing and a trillion dollar coin are equally destructive. Zerohedge has the best analysis of why, so I suggest starting there. The dollar is on a continued trajectory towards debasement, as are the other world currencies.

Bitcoin is an ideal insurance policy, given its global reach and ease of transport. Combined with an offline wallet that is only used to sign payments broadcast to the network, it has unparalleled security.

Given how things are developing in the world now, it would be smart to firewall some of your wealth in bitcoin. It is going to get ugly out there.

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January 12, 2013, 09:36:18 PM
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Quantitative Easing and a trillion dollar coin are equally destructive. Zerohedge has the best analysis of why, so I suggest starting there. The dollar is on a continued trajectory towards debasement, as are the other world currencies.

Bitcoin is an ideal insurance policy, given its global reach and ease of transport. Combined with an offline wallet that is only used to sign payments broadcast to the network, it has unparalleled security.

Given how things are developing in the world now, it would be smart to firewall some of your wealth in bitcoin. It is going to get ugly out there.

Absolutely correct.

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January 12, 2013, 10:17:10 PM
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bitcointip mpfrank +BTC0,05

Excellent article. Now this is professional-quality net journalism.

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mpfrank
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January 13, 2013, 05:32:09 AM
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bitcointip mpfrank +BTC0,05

Excellent article. Now this is professional-quality net journalism.

Why, thank you kindly!  Now, where did I put the keys to that account again...?  Smiley Smiley

If all the sovereign non-cryptocurrencies will eventually collapse from hyperinflation, you can't afford *not* to invest in Bitcoin...  See my blog at http://minetopics.blogspot.com/ .

Donations accepted at:  17twYNyqTiCTM2gJmumkytvhZh4sCVSKNH
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