02-27-2014, 06:33 AM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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For those of you that thought the MtGox hack or theft didn't matter --"alleging long-term theft of about $365 million in the digital currency." ... http://www.bloomberg.com/news/2014-0...t-at-firm.html -- think again!
$365 million is small potatoes in the scam world after Lehman Brothers, et. al but it's easy headlines.
Goats have intrinsic value. Even fiat currencies have intrinsic value -- the net worth of the issuing country. Bitcoin has no intrinsic value. Only a trading value among a small group of people who make the currency at some cost. Most of the value is their profit and that is really good for selling air -- I have to give them points for that 
So if you want to play Monopoly, roll the dice ... In goats I trust :P
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