BitCoins

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BitCoins

Post by Mylespol on Tue Apr 09, 2013 7:53 pm

Well, bitcoins are a new form of currency atm the conversion to USD is 1 bitcoin to 231 USD.
the money is backed by the power it took to make them, probably didn't do a good job of explaining so ill leave some links if you want to look into it.
(There is also a lot of detail that i didn't mention)
Main page - http://bitcoin.org/en/
Faq - https://en.bitcoin.it/wiki/FAQ


Thoughts?

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Re: BitCoins

Post by Doomguy on Wed Apr 10, 2013 9:26 pm

Unless a whole bunch of big economic powerhouses risk their finances this will never go anywhere. I think we are still a little to early for such a system. It's not like everyone is buying stuff from the internet yet.

I'm sure though one day we would move closer to a sort of online currency.
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Re: BitCoins

Post by vashnik on Thu Apr 11, 2013 2:12 am

BitCoin... crashed. And burned. Exploded. Ok, maybe not that bad. But the bubble did burst.
http://arstechnica.com/business/2013/04/bitcoin-crashes-losing-nearly-half-of-its-value-in-six-hours/

Perfect time for my favorite Marauder quote from StarCraft II.

lol


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Re: BitCoins

Post by MiniSiets on Thu Apr 11, 2013 3:35 am

Isn't this the stuff that's generated from those computer farms that just sit there running endless processes to earn BitCoins? I don't really get the point of it I guess unless you're doing some farming yourself, which can be very time-consuming and difficult to setup I hear. I'd rather just use PayPal.

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Re: BitCoins

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