Thx for the replies guys. Yes I agree it's future is shaky. And I'm intrigued by the notion that it's a test run for future govt digital currency.
Perhaps the best part about it is that it has made a lot of people say 'its not backed by anything' which has led to conversations about what the US dollar is backed by which has led to a lot of people learning about the montary system we have today (I'm not publicly taking a stance here on whether it's good or bad- just that anything encouraging learning is good).
I bought some bitcoin and it has appreciated nicely so I'll probably ride it out for a while. If I lose it it's ok but if not maybe I'll make some cash along the way.
Interesting the comment on the first site about it being about "as long as another sucker comes in after". I think the funding plan for some of the government programs works that way too. Again not blaming any specific politicians or groups - its been happening for decades through many of them - but things like Medicare and social sec. Only work if at this point if there's a big enough next generation to fund it (no funds in the existing Medicare and SS 'fund').
|