Bitcoin Coming at Ya!!!

Bitcoin Coming at Ya!!!

Just want to speak about Bitcoin. Everybody has heard of it but hardly anyone knows it. For this of you that don't know, take a look here. It's one of many great sources of information about Bitcoin and mining Bitcoin.

Anyone who disses Bitcoin really doesn't understand it. Even places like Iran is getting into Bitcoin mining in a big way. There were rumors that the Iranian government were interested in a gold backed cryptocurrency, but it seems like they're also big on Bitcoin. They have just authorized a huge mining farm to be built there which will give Iran more BTC. 

Not only that, many mining firms are being set up in America. Hundreds of millions of dollars are being spent on these mining farms. Why? Do you think it's for the good of their health? They understand the future of the mining industry. It's such a small industry and one that has so much potential to grow.

In other ways that Bitcoin is in the news is actually on tv. Billions TV show actually mentioned Bitcoin. In it two guys who are mining Bitcoin get arrested, and in the interview the cop asks why they think it's a good idea to use so much electricity.

'What is your Bitcoins backed by?' The cop quizzes the miner. Only for the miner to retort: 'What is the US Dollar backed by since it came off the gold standard?'

The cop then ran off a few things it was backed by such as the US army, infrastructure etc.

This might seem to some as a negative, but it seems to me and anyone who understands that somebody high up in the script writing of Billions is really pro Bitcoin.

What is your US Dollar backed by since coming off the gold standard is a huge statement, and one that millions of people would have invested while watching it.

It begs the question: what is it backed by? Actually, like everything else it's backed by faith, and people are losing faith in it. I for one am, and so are millions of others.

I implore everyone: Discover Bitcoin!