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Old 04-12-2013, 11:09 AM   #513
BigWrecKs
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Member#: 93830
Join Date: Aug 2005
Chapter/Region: South East
Location: Flori:derp:
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'19 STI

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Quote:
Originally Posted by rogue View Post
Dollars have physical form, yes, but I have physically $25. The rest is virtual. I see it on a web page. Sure, I get a paper statement in the mail once in a while, but it's just a printout. I can't exchange it for money.

Volatility is killer. If this thing magically stabilized, that'd be one thing... but the price is being artificially inflated by speculators all running to buy in just so they can day trade that **** or hold it for long term profit. From what I can tell, very few actual things are being purchased with those bitcoins at this point, it's mostly just stock market nutters.
I understand your point. My example was intended to compare in-hand money at the time "virtual money" in the bank were to be compromised.ie. people who stash money in the walls or in the mattress. Bitcoin has no physical form, it is all or nothing.
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