Wednesday, December 04, 2013

Dreaming of riches

The weird dreams I sometimes have... the ones I can mention in nice company (or even among outlaws like myself), I mean.

A few days ago I dreamed Bitcoin was at $2077 and someone donated 20 of them to me.  Of course, in my dream, my mathematical abilities were on par with my waking mathematical ability, and I figured it totaled million$.

Yes, in the past I have also dreamed of cash, precious metals, and other treasures falling into my lap, so this is just a new version of the same old dream.

But, speaking of Bitcoin... I really am amused at the people having conniptions over other people choosing to use Bitcoin.  Personally, I will use FRNs, silver, gold, Bitcoin, or trade goods to get what I want or need.  And I have used each and every one of those forms of "money" at various times.  I won't accept payment I don't want, and I would never expect anyone else to, either.

I don't totally understand how Bitcoins are mined or created, because that involves math and programming- 2 things I am not great at and don't have the ambition (or time) to really practice.  But, I am not an expert on gold mining and refining and minting, either.  That doesn't make me scared of gold.  Yes, I wish I had bought a bunch of gold when it was really cheap, but I'm not going to insult people who own gold simply because they have more than I do.

I was highly amused when the story broke where the expert was calling Bitcoin a "Ponzi scheme".  By making that association he is lending a lot of undeserved legitimacy to actual Ponzi schemes (even the "participate at gunpoint" Ponzi scheme called "Social Security").

I never started accepting Bitcoin in order to get rich.  Or even to profit from having them.  I did it to have another monetary option available to myself.  It has worked and I am satisfied with that option.

If you don't like Bitcoin, I have a link on the side that will allow you to get rid of the ones you might have.


1 comment:

  1. I just posted a comment over at Hale Bobb on Paul Rosenberg's answer to Gary North's "Ponzi Scheme" article. I never know whether my comments see the light of day over there any more -- though I dislike "Yahoo" as much as Doc did.

    And I'll go you one further: "Government", or "The State" -- that lifeless abstraction made up of psychopaths -- is the greatest "Ponzi Scheme" of all, of which social "security" is merely a small cog in the gear.

    If there were no such thing as government, there would be no need for Bitcoin. Specie will emerge when the marketplace is free.