Maybe We Should Pay Greece With Bitcoin?
http://www.kitco.com/ind/Nadler/oct242011.html
Don’t look now but there is a major currency crash already under way. No, we have not suddenly turned into alarmist newsletter scribes here. The fiat currency Armageddon we are referring to is taking place in the same space that others have tried their hand in and failed previously; the creation of alternative money. Remember Beenz? Remember Flooz? Neither do we. Remember Bitcoin? You won’t, soon.
The recently invented “encrypted monetary unit” that is more complex that the design of the Mayan calendar was supposed to take the world by storm. Forget the greenback when you can swear by Bitcoin. Aha. Whereas the latest in alternative cash once traded as high as $33 (hey, near gold standard status!) it is now changing hands at under $3 and it might soon vanish altogether. Some have called it nothing short of a “screwball scheme to bypass the system.” You know; the “IRS and taxes” kind of system. So, do not be shocked if you get “called in” by Uncle Sam for a friendly audit, or to soon read that “Bitcoin…bit the dust.”
http://www.kitco.com/ind/Nadler/oct242011.html
Don’t look now but there is a major currency crash already under way. No, we have not suddenly turned into alarmist newsletter scribes here. The fiat currency Armageddon we are referring to is taking place in the same space that others have tried their hand in and failed previously; the creation of alternative money. Remember Beenz? Remember Flooz? Neither do we. Remember Bitcoin? You won’t, soon.
The recently invented “encrypted monetary unit” that is more complex that the design of the Mayan calendar was supposed to take the world by storm. Forget the greenback when you can swear by Bitcoin. Aha. Whereas the latest in alternative cash once traded as high as $33 (hey, near gold standard status!) it is now changing hands at under $3 and it might soon vanish altogether. Some have called it nothing short of a “screwball scheme to bypass the system.” You know; the “IRS and taxes” kind of system. So, do not be shocked if you get “called in” by Uncle Sam for a friendly audit, or to soon read that “Bitcoin…bit the dust.”
