To: Errant
Bitcoin - another “carbon credits” scheme, similar in many ways to AlGore’s patented scam and sale of non-existent value.
What is the source of “bitcoins” and how is the accounting kept? It is just another kind of “fiat currency” that has not yet been widely accepted, NOTHING backs it.
How much is a bitcoin worth in zlotys or lire?
3 posted on
01/20/2014 8:26:44 AM PST by
alloysteel
(Obamacare - Death and Taxes now available online. One-stop shopping at its best!)
To: alloysteel
Captain Obvious says: “It’s totally dependent on what people will continue to pay for it.”
Peer to peer transaction history and protection…
Hmmm sounds kinda disruptive.
4 posted on
01/20/2014 8:31:11 AM PST by
shineon
(.)
To: alloysteel
How much is a bitcoin worth in zlotys or lire? Not sure, but the last price on the Mt. Gox exchange shows $954.00 US dollars each!
6 posted on
01/20/2014 8:34:27 AM PST by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: alloysteel
People have tried to educate me, but I just can't get my arms around the concept. Nobody can explain what is the "ore" that's being mined for bitcoins.
You mention carbon credits. In my mind, it seems a bit more like Enron.
18 posted on
01/20/2014 9:14:34 AM PST by
grania
To: alloysteel
Bitcoin - another “carbon credits” scheme, similar in many ways to AlGore’s patented scam and sale of non-existent value.With one significant difference: it wasn't created by government for political purposes. That explains much of its attractiveness.
23 posted on
01/20/2014 4:26:06 PM PST by
BfloGuy
( Even the opponents of Socialism are dominated by socialist ideas.)
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