Is BitCoin the currency of the future?

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@Micah71381

I tend to agree, though at this point in time no one has been able to come up with even a theoretical model of such a currency (physically backed yet distributed, remote, secure and anonymous). At this point in time those properties are mutually exclusive.

First off I already made a post about that here. Second off no one NEEDS to make a theory. Conceptually it’s possible, thats all thats needed.

@Micah

The value of a BitCoin is tied up almost entirely in it’s exchange value, not it’s “commodity” value (anti-government currency).

This is a repeated claim of yours. Unsupported thus far. BTC’s are currently valued as a small collectors novelty for geeks.

@Micah

However, because BitCoins are valued almost entirely on their exchange value the real value of BitCoins will suffer only a very minor loss in value.

And with your BTC zealotry your constantly ignoring the fact that several other currency candidates already have established a long stable history of exchange ratio’s. If BTC’s are valued only in their function as exchange t hey are still centuries behind other commodities whos exchange ratio’s are more well established.

I don’t expect someone who openly refuses to understand what money is to get what I am saying.

@Micah

he new currency may be a physical commodity backed currency as you have described since the government is no longer around to stop such a thing from developing. The new currency may be a new, superior, form of crypto currency. It may be something we haven’t even thought of yet.

A further abandonment of the regressiom theorum that you constantly fall into. Why do you persist in arguing over subject matter you refuse to study?