Federal regulators warn consumers about Bitcoin risks
Posted by richrobinson 9 years, 8 months ago to The Gulch: General
For some reason I always get nervous when the government tries to protect me. The Fed has not exactly done a great job of preserving the value of the dollar.
It's not backed by the gov't? Oh no!!
http://youtu.be/bQlpDiXPZHQ
Well some 45 years later I can still take my dollars and buy a Big Hunk candy bar. It just costs 20 times more.
Another thing, most of the coins I had back then were made of silver.
For the fiscal year ending September 30, 2013, the unit cost for the Mint to produce and distribute the cent was 1.83 cents and the unit cost for the nickel was 9.41 cents.
Of course, the American people eat this unnecessary lost. It would be interesting to audit the fed to figure out which officials and companies got away with the gains.
Whereas coins last about 40 years. So 1.83 cents for a penny and 9.41 cents for a nickel. I wonder what those expenses are in 2054 money.
Is there enough usable metal in coins for them to have value?
I do too. The Fed has done a great job during my adult lifetime, but I always like competition.
Uncle Socialist doesn't like competition.
Neither does Daddy Warbanks.
Jan