Escape inflation with Bitcoins

You must understand that all currencies are people's trust in the currency and nothing else. There is no silver, gold or any metal backing of any currency. It is all about trust. And with expansive banking tactics controlled by central banks, the "money" supply is controlled by the central banks ability to control the banks' reserves. i.e. increase reserves and reduce the banking system's total money supply and decrease the reserves and increase the banking system's money supply.
If Bitcoin is accepted by people and business, then it is an established currency.
The "value" of Bitcoin will vary just like the "value" of all currencies will vary depending on supply and demand. I will look into this further.
Pure Genius.
And that's the way I see it...
Straight Talk with Jay Clifford

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