BitCoin
Beanie Babies and put them under your mattress.
They will only go up in value, just like real currency.
No, wait, the hallmark of a real currency is its stability,
its dependability. It can't fluctuate wildly or nobody
will trust it.
Never mind..
Last price:$123.40098
High:$203.00000
Low:$105.00000
Quote: 24BingoI don't think so. The difficulty increases more slowly when fewer people are doing it, which was important in the early days, but it's at enough of a plateau now that that doesn't really matter. I think it's basically a slot machine on which your pool is making so many billions of pulls per second, and they pay you for the number of your near misses.
The difficulty can absolutely go down. It has happened before. It just isn't in the cards any time soon.
Quote: EvenBob$123 at 3pm EST. Now's the time to stock up on these
Beanie Babies and put them under your mattress.
They will only go up in value, just like real currency.
No, wait, the hallmark of a real currency is its stability,
its dependability. It can't fluctuate wildly or nobody
will trust it.
Never mind..
Last price:$123.40098
High:$203.00000
Low:$105.00000
Bob, what is the purpose of your jihad here? That bitcoin is a better commodity than currency?
Quote: bbvk05Bob, what is the purpose of your jihad here? That bitcoin is a better commodity than currency?
I find it fascinating that it went up so high
and came down so fast. Is it due to speculation?
Can we always expect this kind of behavior from
Bitcoin? How can it be called a currency when
it fluctuates so wildly? Is it trading right now
or is MtGox still in emergency shut down because
of the selling panic.
Quote: bbvk05Bob, what is the purpose of your jihad here? That bitcoin is a better commodity than currency?
I do think he (EvenBob) is learning stuff. That much is good.
If you make enough statements, eventually one will turn out to be true. I think that's part of it too.
I doubt anyone is following along with Bob's assertions about how currency and money work, though.
Quote: Ahigh
I doubt anyone is following along with Bob's assertions about how currency and money work, though.
I'm afraid none of them are my assertions, they are
all from articles by financial experts. What are your
assertions, why don't you teach us O Master Of Everything.
till 10pm EDT, 2am UTC. The feeling on Twitter is trading
will be frenzied when the suspension is lifted. We will see.
I found out yesterday my son has money in Bitcoin and is
riding it out. He bought in at $40.
Quote: AhighMy latest basis price is $77 (I got this price today on bitfloor).
Bitfloor is also down, just like MtGox. Bitfloor has
been down for hours. The gold digging speculators
have ruined Bitcoin, if the discussion boards are to
be believed.
Bitfloor also got a lot of bad press for letting $250,000 worth of bitcoins get stolen in September.
