It’s value is intrinsically linked to energy over time. BitCoins take CPU cycles to mine, as the curve continues, so does the amount of energy it takes to create one, in the UK the electricity it costs to mint one – now actually equals the traded price of one BitCoin.

Gold does have a linkage to energy it takes to mine with oil, but it’s a very hard market to price in terms of energy because of hoarding and multiple ownership of the same bullion bars. With the impending collapse of materialism (not capitalism) we disparately need currencies that is energy backed.

As the G7 countries QE money till double digit interest rates are required to somehow prevent hyperinflation – perhaps BitCoin and others that follow will be taken a little more seriously.

“The best strategy is to learn, and to think about ways that the cryptography at the heart of Bitcoin can be used to deliver new kinds of services in a connected environment. I don’t think cash will be one of them.” – David, absolutely spot on the money…