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Registered
Join Date: Jun 2002
Location: Winnipeg, MB, Canada
Posts: 3,963
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Governments back their money and the value of that money is compared to other countries money and that is how it's value is determined. Bitcoin is valued how? Someones dream? Are they real? Backed by a gold standard?
I have land that I have not grown anything on for a couple of years. I can claim carbon tax credits for it and sell those to a company who use the credits to offset their global footprint. What a bunch of BS.
Bitcoin smells of a pyramid scheme with people giving away "Bitcoins" to engage people to develop them further and users of this network are awarded "with transaction fees and newly minted bitcoins"
How can you create something that doesn't exist? Maybe there is a guy in Nigeria that can explain it better to me.
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Bunch of old cars
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