Richard Branson was on CNBC this morning talking about it...

In response to questions about fluctuations, he said that he thinks that a settled price will be in place by the time they actually start accepting payments for the flights.

In full disclosure, he is also heavily invested in Bitcoins. So him going this route allows his investment to continue to grow.

One thing that was confusing about the interview is he claimed that Bitcoins was different from other currencies in they couldn't print any more, there was a set number of Bitcoins... But from my understanding, you can just move the decimal point on them and get more

So how is that any different from printing money?

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Posted by Captain Ron

Location: Ted's

Member since Dec 2012

4340 posts

Posted on 11/22/13 at 8:22 am to Lsut81

quote:
But from my understanding, you can just move the decimal point on them and get more So how is that any different from printing money?

I just created a million bitcoins.

I'M RICH, BITCH!

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Posted by WikiTiger

Member since Sep 2007

41055 posts

Posted on 11/22/13 at 9:03 am to Lsut81

Also, CheapAir.com announced yesterday that they started accepting bitcoin. They allow you to book flights, hotels and car rentals through their site.

I remember one poster, don't remember who, making a comment about how bitcoin isn't useful because you can't use it for travel. Well, now you can.

Bitcoin beginning to go mainstream

quote:
One thing that was confusing about the interview is he claimed that Bitcoins was different from other currencies in they couldn't print any more, there was a set number of Bitcoins... But from my understanding, you can just move the decimal point on them and get more So how is that any different from printing money?

If you have $1.00 and you extend it to $1.0000, do you have more than $1?

ETA: The decimal point in bitcoin will not be moved. It's that the system can be modified to recognize more than 8 decimal places, if needed.

This post was edited on 11/22/13 at 9:16 am

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Posted by Specktricity

Lafayette

Member since May 2011

1265 posts

Posted on 11/22/13 at 9:16 am to Lsut81

He also said that they are immediately converting the payments received into US dollars. So they obviously aren't completely sold on the stability of the currency.

He made it sound like his target market is people who got in early and made a bunch of money, and now want to blow $260,000 on a trip to space.