[nascarnation]

Thanks.
Looks like FReepers are as divided on Bitcoins as a lot of other subjects these days.

[jacquej]

Some of us have not yet formed an opinion.

Since it is all computer based - I wonder what happens if the grid goes down? (Not that the banks or stores will function in that event)

[Usagi_yo]

It’s just not that easy to set up and obtain bit coins. Unless you’re harvesting them yourselves your going to get commissioned to death buying and selling them.

I view bitcoins as hot potato’s. Though I kick myself for not jumping on that bandwagon when I could have for cheap.

[Errant]

Part of the problem, is that a lot of folks don't understand the concept. I didn't at first either. I've grown up believing (having been taught) the US dollar was the most stable form of money ever created, not realizing I had inherited lies. I've only recently learned (relatively) that the dollar is nothing more than a promissory bank note brought into existence through the creation of government debt, and issued by a secret cabal of large banks and wealthy elite who earn significant interest from nothing more than the creation of "money" out of thin air.

No doubt, these same banks and the wealthy families who own them will do everything in their power to destroy anything that threatens their monopoly on creation of the world's currencies. As this brief article indicates, the legislatures, most of whom owe their allegiance not to the people but to the powerful, will meet to see what can be done. A battle royal has been launched, and it's not all BTC's fault. It has been ongoing for decades now.