Quote:
Originally Posted by Dirty F
Amazing how over and over again the people who complain about bitcoins are the ones who have no clue how it works.
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In the many real-world and online discussions I have had with people I have found that they either immediately grasp the concept of cyber currency or they simply never get it.
If they don't get it right there, right then, they never will and no amount of explaining is going to help. The application of traditional notions of hard and paper currencies simply don't work and is disingenuous at best.
Cyber currencies are not dollars, marks, drachmas, tulips or pounds fucking sterling and do not act quite like them.
I was asked what backs Bitcoins.
I replied with a question:
"What backs the US dollar?"
That threw the questioner for a loop I'll tell you. He almost but not quite got it.
