Bitcoin
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- cannonball19780
Can someone explain to me what makes this currency valuable? What is the intrinsic value? If it equals computing effort, where does that effort go?
So far, all I can put together is that they have value because everyone agrees they have value.
- The effort goes nowhere.
Yes it's just agreementanimatedgif - What's the intrinsic value of a paper note created by government?sublocked
- Technically nothing. The note used to be promissory against gold or silver.ETM
- The effort goes nowhere.
- pango0
so.... what is it?
- uuuuuu0
so correct me if I'm wrong but BC has value because of the demand for such a currency. there are numerous uses and demands for a decentralized, encrypted digital currency and the infrastructure has been created to utilize it and so it has value attributed. it is not inherent value though.
I was thinking its similar to 'Station Cash' or some virtual currency in video games just way more decentralized. Games require currency so a system is set up to convert real money to SC so that it is usable in game or in someone's account. it has no real value but because it is used in game for virtual items it has value relative to the game itself. BC works in a similar way, it has value because their is a demand created via digital technology and virtual information systems for a currency designed to be used 'in game' or simply within these systems.
- yurimon0
Its the same Psychological pretense as a federal reserve note.
It cost 3¢ to print a 100$ bill. it really has no value outside of people thinking its real money. This the same thing but digital.
- CableStudios0
Meanwhile, In Bitcoin... http://tinyurl.com/o74ya6g
- i_monk0
How many Bitcoin threads do we need?
And if the pigs seize bitcoins, isn't that a form of inflation? I assume they can't actually use them.
- The FBI is going to auction the ones seized in the silk road bust.ETM
- people would be stupid to buy seized bitcoins. thats like the Fast & Furious program all over again. Sell somehting dirty, track it, watch it, then hope that you can come in and make arrests.xpxhxoxexnxixx
- CableStudios0
- https://en.bitcoin.i…CableStudios
- & this if it helps:
http://howtobuybitco…CableStudios - no ways to buy bitcoins in norwaydrgs
- CableStudios0
Bitcoin price reaches a record high for the first time since April
"The price of bitcoins rose to $267.40 on Tuesday, setting a new all-time record on Mt. Gox, the largest Bitcoin exchange. This is the first time the cryptocurrency has set a price record since the price reached $266, and then imploded, in April.
The new record high appears to be driven in part by surging demand for the currency in China. The volume of yuan-to-bitcoin trading in recent weeks on the leading Chinese exchange, BTC China, has been near record highs. That's very different from Mt. Gox, where trading volume in recent weeks has been much lower than it was in April. This suggests that Chinese speculators may be playing a larger role in the current appreciation than they did during the previous bull market in April."- When will the people who called Bitcoin a bubble admit they were wrong?CableStudios
- it is a bubbledrgs
- going to $300CableStudios
- then $1000CableStudios
- (you will probably get in at $1000)CableStudios
- have you asked yourself what generates these values?drgs
- pablo280
One World Currency/One World Monetary System = NWO
- microkorg0
Guy I used to work with and friend explaining what Bitcoin is pretty well on Canadian TV ...
- inteliboy0
Anyone on QBN rolling in riches from bitcoins?
- CableStudios0
Yesterday #BTC crossed 1500 Yuan, today 1600. Now 1.3 billion Chinese get even more excited!
- So I'm guessing you own some Bitcoin?ukit2
- http://www.hamperchr…CableStudios
- drgs0
- CableStudios0
#Bitcoin $300
http://www.businessinsider.com/b…
Oh; &; Silk Road 2.0 Has Been Born...New Website Mocks the Feds
Read more at: http://www.maxkeiser.com/#4AQkSB…- Current price:
http://bitcoinity.or…CableStudios - interesting to follow it - the speculators are playing the market.hans_glib
- or maybe not... some arse keeps buying at 311-12 which suggests he is either an idiot or expecting it to go much higherhans_glib
- Current price:
- CableStudios0
- Lol, Using silk road will show those NWO bastards... Those bastards that invaded afghan to sell drugs, that will show emyurimon
