Subj : Recently uncovered.
To   : BOB BREED
From : BOB KLAHN
Date : Sun Feb 09 2014 02:53 am

 BB> ...

 BK>>  So, tell me, is the Bit Coin a money laundering scheme, a Ponzi
 BK>>  Scheme, or both?

 BB>  It's backed by nothing, much like out paper money.

 BB> I see it as a fad and will peak out, then fold.

 Since people have money in it, and if it folds they lose their
 money, I see that as a Ponzi Scheme.



BOB KLAHN bob.klahn@bex.net   http://home.toltbbs.com/bobklahn

.... I think, there 4 AM.
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