Bitcoin

Submitted by Bill St. Clair on Mon, 08 Apr 2013 14:31:24 GMT  <== Digital Money ==> 

In March of 2012, somebody donated 12.922 BTC to me. Was worth less than $20 at the time, IIRC. Imagine my surprise to go to MtGox and discover a price of $160/BTC, making my little donation worth over $2,000. And the price is rising rapidly today, last sale at $191. Gee, if I hold it another year do you suppose it will be worth $200,000? Naw. Couldn't be.

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Comments (3):

I think that BC is about

Submitted by greg on Mon, 08 Apr 2013 15:30:59 GMT

I think that BC is about to get wiped out. You may want to liquidate some of your holdings for now. Look at the past charts.

greg

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Digital Money

Submitted by Brian Wright on Mon, 08 Apr 2013 19:58:02 GMT

Maybe someone can point me to a good, grade-school economics level description of digital money. On the surface it seems any value for a bit coin rests on a bunch of sophisticated computer code that can't be broken. I just have a hard time concretizing that as something of value that is negotiable or valuable in its own right. But I'm keeping an open mind.

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Greg, good call!

Submitted by just waiting on Thu, 11 Apr 2013 14:05:49 GMT

Greg, good call!

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