The Truth about Bitcoin and Alternative Currencies

Bitcoin has been making headlines for months. With the price fluctuating wildly, is it really a currency, or just a scam? To find out, we have to analyze its properties. Gold and silver give us good examples of which properties make a sound currency, and bitcoins seem to measure up well. Will they ultimately outcompete the US dollar, gold, or silver? We can't know, but with the Federal Reserve devaluing the dollar every day, it is only a matter of time before people start looking for an alternative currency. To learn more, visit: http://www.fee.org/the_freeman/detail/is-bitcoin-a-viable-currency, and to learn the basics of Bitcoin, visit: http://www.fee.org/the_freeman/detail/bitcoin-for-beginners Bitcoin address: 15wDJRfsyomAgvX2TdW32gdYtAWZtAd1ps Scripted, animated, and produced by Steve Patterson. Special thanks to Julia Patterson.

Comments

1. tobacco......salt.....paper.....wheat.......COCAINE!!
2. Simple question, which one has the most intrinsic value?
3. Two of my friends use this softwre with me. we love this but still my favorite is 1STMILLIONROAD BITCOIN
4. Donate here please :)
   1Nxjg3er34Z2pRbAqZU9RV2RtzN6ovv4xE
5. Bitcoins history is short and the value is based off digital input and when it started out anonymity. Those things can (and have) changed rapidly. Bitcoin dived big time.Scandals also get a vote.
6. There is no intrinsic value to bitcoin. Bit could would allow for the government to monitor and tax every single transaction. There would be no privacy at all and would be much easier to manipulate than the dollar. Bit coin is the US Govenments and Kosher Bankers wet dream.
7. Do I need a smartphone for BTC transactions? I see many QR codes everywhere but I don't have a smartphone to scan it.
8. let's et into this shit and destroy the jewish empire of wicked enslavery on this world.
9. gold and silver are money.... dollars and bitshit are Currencies.
   If you don't hold it, you don't own it.
10. someones doesnt like the bank
11. Bitcoin really? how will a villager in India who does not even have electricity use Bitcoin....? that is why they hoard gold/silver and have been passing it on for generations....
12. Did you just mention ones and zeros? :)
    
    This video title should be changed to the half truths about Bitcon! :) Here's another currency you might have heard of: The Grass is Greener.
    
    I noticed you left out all the security flaws and criminal activity that plagues BitCON since 2013.
13. There is value in being able to alter and maintain inflation rates like you can with the dollar. Its not particularly good for an economy if people hoard large sums of currency. Infation encourages investment and spending.
14. At first, this felt like a truck commercial.
15. At first, this felt like a truck commercial.
16. Gold's easy to divide. You cans split it down to micrograms if u really wanted to and just melt it back together later. The problem with gold though is its unequal distribution. One region could have leverage over another from simply having more gold reserves. The Spanish empire funded itself on gold, and the international mercantilists, with the help of monarchies, exploited colonial and domestic economies through international trade, and they conducted all of their transactions in gold.
    
    I don't think that artificial inflation in a fiat currency is necessarily a bad thing either, anymore than artificial contraction. It could actually be advantageous in certain situations. The real problem with the FED is that there's a built in interest rate that spikes inflation, indefinitely, over time.
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18. hei
19. The content in most of these feeseminars is bloody obvious. It's beyond me that people actually have different views. #MMMGlobal #MMMExtra #Bitcoin #Bitcoins #BTC #‎BitcoinReview #‎BitcoinNews
20. The content in most of these feeseminars is bloody obvious. It's beyond me that people actually have different views.