The Bitcoin frenzy of the past few weeks has been hard to fathom. A lot of people have compared it to famous bubbles of the past, such as the tulip bulb frenzy in the 1600's, or the dot.com insanity of 1999 and 2000.
But I can't even categorize it that way, since I don't understand it. As Janet Yellen said recently, since it's not government-issued, it has no backing, nobody has any responsibility to redeem it, and there's no military to protect it.
Nonetheless, like everyone else, I'm gnashing my teeth that I didn't invest in it earlier. (And, like everyone else, I'm sorta secretly hoping it collapses.)
But, in the meantime, I've decided to issue my own currency. I'm going to call it the "Craig." You have my word, it's officially Just Not Said-approved. I'm going to sell a hundred coins, at a million dollars apiece. I promise, I'll never sell any more than that.
You can use it to finance drug deals, spirit your wealth out of Zimbabwe, or pay off gambling debts.
Step right up, folks.