Comments on: Bitcoin Investor Roger Ver Donates $1 Million in Bitcoin to Charity http://onbitcoin.com/2013/11/30/bitcoin-investor-roger-ver-donates-1-million-in-bitcoin-to-charity/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-investor-roger-ver-donates-1-million-in-bitcoin-to-charity Tracking Bitcoin news and the incredible adoption of Bitcoins! Sat, 03 May 2014 19:02:28 +0000 hourly 1 By: ken bell http://onbitcoin.com/2013/11/30/bitcoin-investor-roger-ver-donates-1-million-in-bitcoin-to-charity/#comment-8472 Sun, 01 Dec 2013 19:37:58 +0000 http://onbitcoin.com/?p=1175#comment-8472 Digital currency is here to stay. Just like the internet. And like the internet…the early vampire money grubs had to get there take first….usually nearly killing the industry. That is exactly what happened with the internet as is happening with digital currency. Just wait a little while and they will get board and go elsehwere. Though like the internet…if we can survive we will be left with a wonderful thing. Here is why digital currency is here forever…….

It is irrelevant what the ‘value’ of bitcoin is. Bitcoin is a medium of exchange that can be morphed into the value at a latter date for the purpose of buying and selling anything. It acts almost IDENTICAL to gold or silver. The only difference is one is a metal and the other is a ONE OF A KIND code with your bitcoin digits.

For example…lets say bitcoin is ‘valued’ at $100. If I wanted to pay someone or a vendor that accepted bitcoin $25usd for a pair of socks…… I would send or transfer .25 btc. If the ‘value’ of bitcoin were $1000 I would send .0025 btc etc……..The value of bitcoin is irrelevant. Its a medium of exchange that is without any or has extremely LOW fees. Try that with a credit card?!!! The ‘value’ can never be inflated with simply more printing…unlike say the USD.

Bitcoin is NOT an investment. It is a medium of exchange that has NO government or bank profiting eyeballs. It cannot be controlled like LIBOR or metals. For some reason in this day and age that is becoming popular on a global scale. (This form of currency is going to be huge in the LOC, expo, and tradeshow arenas where cash is not accepted and privacy is wanted)

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