Bitcoin Blows Past $9,000
My store of wealth, denominated in GBP, is no more &#x27;real&#x27; than bitcoin, however, the issuer is a large entity, with deep and diverse global assets and the military means to protect those assets.<p>The GBP I hold is a promise that the issuer will go to almost any means necessary to maintain the value of my wealth in respect to its fungibility.<p>While there is a raft of risk associated with my wealth, it may diminish in respect of its inter currency value, it may suffer hyperinflation, as a part of my &#x27;deal&#x27; with the issuer, they additionally provide a framework for a bank to operate, the bank has insurance, this means that a proportion of my wealth would be preserved even if the institution with which I entrusted my wealth turned out to be a bad actor.<p>Furthermore my currency is protected from entropy, the accounting system used to store the value of my wealth is secure, by design, and by insurance by the issuer.<p>In &#x27;good times&#x27;, I am rewarded for making my wealth available as capital for other users, or interest as it is known.<p>Bitcoin is exciting, as a follow of everything from e-gold to beenz and an original CPU miner, not to mention possibly the only person to actually profit from the first generation ASIC you have to believe me when I say I am not here to detract from Bitcoin, I&#x27;m here to say it&#x27;s not a currency, it&#x27;s not an asset, it&#x27;s really something novel, the value is indeterminable.