{"id":1941,"date":"2013-04-18T14:42:40","date_gmt":"2013-04-18T14:42:40","guid":{"rendered":"http:\/\/sol-biotech.com\/wordpress\/?p=1941"},"modified":"2013-04-18T14:42:40","modified_gmt":"2013-04-18T14:42:40","slug":"bitcoin","status":"publish","type":"post","link":"https:\/\/sol-biotech.com\/wordpress\/index.php\/2013\/04\/18\/bitcoin\/","title":{"rendered":"Bitcoin"},"content":{"rendered":"<p>I lost $50,000 in Bitcoin crash, but I&#8217;m still a believer<br \/>\n<a href=\"http:\/\/buzz.money.cnn.com\/2013\/04\/18\/bitcoin-investor\/?source=cnn_bin\">http:\/\/buzz.money.cnn.com\/2013\/04\/18\/bitcoin-investor\/?source=cnn_bin<\/a><\/p>\n<p>I have tried to make sense of the <a href=\"http:\/\/en.wikipedia.org\/wiki\/Bitcoin\">bitcoin<\/a> (official source <a href=\"http:\/\/bitcoin.org\/en\/\">here<\/a>) without much luck.  The origins sound incredibly suspicious (can&#8217;t go into any details on my suspicions) and the purpose entirely suspect.  Granted it is &#8216;government free&#8217;, but since there are a very finite number of them it would be trivial to track who has what coinage and while they may disappear for a while, in order to make any real use of them you are going to have to engage in an electronic transaction, thus creating a trail.  If you want anonymous transactions, stick with gold, diamonds, platinum, etc.  Cash is still king and there are plenty of people who can launder money for you (for a fat fee, of course, but you are going to pay something to hide yourself).  Which government&#8217;s cash is largely irrelevant if you are laundering the money and ultimately you wind up with something like the old numbered Swiss bank account.  <\/p>\n<p>If you want to speculate (i.e., gamble; &#8216;speculate&#8217; is just polite society for rolling the dice), sure, go for it.  You might even be able to make a lot of money.  However, all monetary tokens depend entirely on the transactees all agreeing that the tokens have a certain value.  Once any side loses faith (make no mistake, it is _entirely_ a faith-based concept!) then the &#8216;value&#8217; will plummet, likely to worthlessness.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I lost $50,000 in Bitcoin crash, but I&#8217;m still a believer http:\/\/buzz.money.cnn.com\/2013\/04\/18\/bitcoin-investor\/?source=cnn_bin I have tried to make sense of the bitcoin (official source here) without much luck. The origins sound incredibly suspicious (can&#8217;t go into any details on my suspicions) and the purpose entirely suspect. Granted it is &#8216;government free&#8217;, but since there are a &hellip; <a href=\"https:\/\/sol-biotech.com\/wordpress\/index.php\/2013\/04\/18\/bitcoin\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bitcoin&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,19,16,8],"tags":[],"class_list":["post-1941","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-government","category-psychology"],"_links":{"self":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=1941"}],"version-history":[{"count":1,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1941\/revisions"}],"predecessor-version":[{"id":1942,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/1941\/revisions\/1942"}],"wp:attachment":[{"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=1941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=1941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sol-biotech.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=1941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}