When the US defaults on it's debt by failing to raise it's debt ceiling by the 17th, the entire world financial system will collapse, then Bitcoin will be the worlds new reserve currency.
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Anonymous2013-10-15 1:40
I hear there is a good bit of money that comes from trading currency.. And at the face of it, it does make sense.. you buy another currency when yours is low, and trade it back high...
So where did this money come from? Obviously it is incompatiable with the gold coin scenario, but that only means "One of them is wrong".... gold is tangible... your floating currency is abstract at best