The OTHER threat to your silver, bitcoins, home, etc.

Teal Lantern · Post by **Teal Lantern** » December 7th, 2013, 9:18 pm

Used to watch a lot of this guy's vids during my silver bug days.

Any guess what his biggest mistake was?
Hint: It was 20 years ago and there was a cake involved.

The_Adventurer · Post by **The_Adventurer** » December 7th, 2013, 9:56 pm

Everything I have read aboit bitcoin makes menquestion how there could ever be a threat to it, asnlong as it has value.

HouseMD · Post by **HouseMD** » December 8th, 2013, 3:56 pm

The_Adventurer wrote:Everything I have read aboit bitcoin makes menquestion how there could ever be a threat to it, asnlong as it has value.

Bitcoin can lose its value completely if people decide it is no longer worth using. If, for instance, a major government banned the use of bitcoins (as the U.S. did with the liberty dollar, albeit by a different mechanism) their value could decrease substantially due to loss of a large legitimate market.

zacb · Post by **zacb** » December 8th, 2013, 4:47 pm

I like that guy. It seems like there is a huge difference between African Americans, and Africans of other countries. Kinda interesting really.

Teal Lantern · Post by **Teal Lantern** » December 8th, 2013, 6:38 pm

The_Adventurer wrote:Everything I have read aboit bitcoin makes menquestion how there could ever be a threat to it, asnlong as it has value.

When I wrote this, I was thinking of non-value related threats -- threats to possession.
There are a couple of non-value related threats.
One is malware that targets the bitcoin wallets
https://en.bitcoin.it/wiki/Malware

another is gov't seizure e.g. ...
http://www.theguardian.com/technology/2 ... ed-bitcoin

Value related threats include competing newer crypto currencies like lite coin & feather coin.