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re: Tigerdroppings Bitcoin Mining Team

Posted on 3/25/13 at 11:11 am to
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10432 posts
Posted on 3/25/13 at 11:11 am to
Stout
It is an imaginary currency.
Where Are you going to spend your bit coins?
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167511 posts
Posted on 3/25/13 at 11:13 am to
A simple google search will bring up tons of places. Amazon was even kicking around the idea of accepting them at on point. Not sure where they stand on that currently.


LINK

Or you can just exchange them for $$

LINK

ETA: Just because you can hold a dollar bill but you can't physically hold a bitcoin doesn't mean it is any less imaginary than the numbers in your bank account.

One is self regulating while one is controlled by a bunch of incompetent assholes. Both can be inflated and deflated by the market. This is the biggest problem I potentially see with bitcoins is that if one person has too many of them he can control the whole market by himself.

Bitcoin conspiracist think the Government is making an effort right now to aquire what they can to drive the market into the ground because they fear no longer having the control of our currency. I am not one to wear a tin foil hat but I see that as a legitimate worry for bitcoins.

I am not saying bitcoins will be it but a form of decentralized currency is the future and will happen. Most world currency is digial these days too. It will just take more accpetance and maybe some learning from the short comings of bitcoins to happen.
This post was edited on 3/25/13 at 11:30 am
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