-=> BOB KLAHN wrote to BOB BREED <=-

 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.

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



 And no regulation at all. :)

However I see some of the casinos in Las Vegas are taking bitcoins now.






 
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