Lyceum commented on the following stories on BizSugar
Fiat Currencies and Bitcoins: Are They the Same Thing?
"Ivan: We don't know who really started Bitcoin. Did you hear about the technical glitch recently? I am also sticking to gold and silver. I want to talk more about the precious metals industry with you at some point. I will add your new site to my link page on Objective Argentum."Subscribe
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Fiat Currencies and Bitcoins: Are They the Same Thing?
"Ivan: I agree with your post and it is important to discuss the implications of cryptocurrencies in the future. We need an objective standard, e.g., gold or silver as a back-up for the financial transactions that are going around. Here is an excerpt from my post, Fed Up with the Fed after 100 Years: Do you think that BitCoin could be the solution to the fiat currency that we have today? I don’t see it as an alternative due to the fact that it has no real backing of an objective standard like gold or silver, but you could say that it is a declaration of no confidence in the federal reserve system. How many places could you use Bitcoin in your area? In Gothenburg you could buy coffee, hot dog and taxi ride… http://objectiveargentum.tumblr.com/post/71131444622/fed-up-with-the-fed-after-100-years "