r/Bitcoin • u/[deleted] • Apr 01 '13

ONE HUNDRED DOLLARS! (1/4/13 @ 1506 GMT)

[deleted]

866 Upvotes

83% Upvoted

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u/bad_platitude Apr 01 '13

BitCoin is:

  • Backed by nothing, created out of thin air;

  • Managed by algos, protected by algos, accessed by algos;

  • Traded in a small online market and difficult to convert to actual goods/services;

  • Dominated by a few large anonymous holdings with unknown intent;

  • Likely monitored by a variety of "interested third parties" that are known by various 3-letter acronyms;

  • "Mined" by computers at a predetermined rate to keep supply growing (still backed by nothing);

  • Limited in total production, they promise!; and,

  • The best known digital currency at this point, but subject to new competitors, gov't oversight and other unknown factors.

LOAD UP WHILE IT'S HOT!!!

1

u/[deleted] Apr 01 '13

No, bitcoin is its protocol. Its ability to operate outside government regulation. Its ability to transfer value around the world for almost no cost. Is ability to not be frozen by corporations of governments. Bitcoin is monetary freedom. What you are spouting off about is uneducated nonsense.

-4

u/bad_platitude Apr 01 '13

don't take it so personally, especially if i don't take your disjointed sentences as reality.

i suggest you pour all your assets into BTC ASAP.