Re: [DML] Selling #2894 for 300 Bitcoins

[Stephen Rice <stevedmc@xxxxxxxxx>]

I just took a look at a one dollar bill and noticed something very
important printed on it, 'This note is legal tender for all debts, public
and private."  You won't find that on a bitcoin.

Good luck using it to pay your mortgage or any other expense you might
have.

Bitcoins have about as much value as the tons of frequent flyermiles I
posses.  Are frequent flyer miles worth something to me?  Yes they are.
Will I be screwed if one of those airlines decides to go bankrupt?   Yes I
will be.

-Steve Rice
DMCToday.com
#16510

On Wed, Aug 21, 2013 at 1:43 PM, Michael Griese <mike.griese@xxxxxxx> wrote:

> I guess I don't understand the problem bitcoins are trying to solve.  It's
> true that "real money" can be stolen, even electronic representations of
> "real money" can be stolen.  Bit it is virtually impossible to steal an
> entire currency, which is a non-zero possibility with something like
> bitcoins.
>
>
> --
> Mike
>
>
> ________________________________
>  From: davidwkane <dwkane@xxxxxxx>
> To: dmcnews@xxxxxxxxxxxxxxx
> Sent: Tuesday, August 13, 2013 12:52 PM
> Subject: Re: [DML] Selling #2894 for 300 Bitcoins
>
>
>
>
> "Real Money" is at risk of theft, also...  and has been for thousands of
> years.  Didn't stop it from being a viable system.
>
> --- In dmcnews@xxxxxxxxxxxxxxx, Stephen Rice <stevedmc@...> wrote:
> >
> > Here is another reason to stick with real money.
> >
> > "Bitcoins at risk of theft on flawed Android apps"
> > http://www.bbc.co.uk/news/technology-23664743
> >
> > -Steve Rice
> > DMCToday.com
> > #16510
>
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
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