I'm not sure what to make of this, other than currency is now valued less than a true commodity? What the hell? http://www.foxnews.com/tech/2013/04/11/bitcoin-electronic-cash-beloved-by-hackers/
Economics not taught in U.S. economics classes must be socialism. Cutting out the rich middlemen is the road to their serfdom.
Currency is accepted because of the regression theorem, and only in the short-run until a state sees their dollar collapse.
I've heard this is a currency the new era drug dealers are using. It's impossible to trace with the current legislation. The dealers are using this currency to boarder guns, drugs, and drug manufacturing supplies. It's crazy that a virtual money actually sticks. Then again; out dollar is based on virtual debt!
I have been waching this for about a year..you are correct,funds are not tracable so to speak. TYhere is abig problem with hacking/theft..just the other day it dipped about a thir? I dont remember the exact number...hmm,bigmoney will do to this what it has done to stocks once it is hack free. In the mean time..its the wild fucking west
Until World War 1, Americans used only bank notes issued by their local banks (exception: from about 1860-1880, the Federal government issued currency called greenbacks). Here's a new article today on bitcoins. http://www.mcclatchydc.com/2013/04/12/188388/bitcoins-the-future-of-money-or.html
I'm gonna buy the Brooklyn Bridge using Bitcoins. I know a guy who knows a guy. He's hard to contact because he lives in Phoenix and he's always out shark fishing in his back yard...
Hey stoner, no need to pretend like you've only "heard". We know you're speaking from first-hand experience.
So Bitcoin and other cryptocurrencies are doing really well right now. It got me interested and I have been reading and learning like a maniac for the last few days. It is fascinating to me. Does anyone on here actually invest in crypto? I am asking, because I don't know a single person who actually has some bitcoin or other crypto.
Oh and you guys who commented on this thread in 2013...if only you would have bought some bitcoin then...
I have not personally however I have done quite a bit of research into blockchain. There are going to be a lot of different opportunities coming in the near future with it's use. I'm talking like real estate transactions, energy markets, stocks, bonds, all different types of financial transactions being record via block chain instead of how it's done now. People that can write the code (Satoshi Nakamoto) to make this happen are few and far between, but there is talk about blockchains soon stealing up Visa and Mastercards business.
