[narses]

Yes, I have mined both.

So you "created" this phantasm, and then sold it for real money to dupes. An odd way to make a living. It resembles greatly many old fashioned frauds.

[Errant]

Ahh, NO... lol By the time I got interested in it, the difficulty level was to the point that it was barely profitable to pay the electrical costs. I do have a spare PC with a high powered GPU mining LTC, but it takes days to generate enough to be worth receiving.

Bitcoin became unprofitable to mine with GPUs months ago. I enjoy tech and it's fun for the knowledge alone. Knowledge is worth something - right? Besides that, the excess heat I use to heat my little greenhouse.

ASIC miners are the only ones now that are profitable. Not sure how long that will last if the price of Bitcoins doesn't rise or something more efficient or faster is in the development pipeline.

But I have mined a few of both BTC and LTC... :-)

[Ghost of SVR4]

The "phantasm" is getting some real hard looks by the financial industry as a new model. Right now it is being fleshed out and its weaknesses understood. I like it as I don't day trade with it. I bought low, real low and I like how I can move it about and I can access it no matter where I am. I can also use it as a currency exchange if aborad. There is quite a lot going for this technology but it is not for the timid yet.

BTW, what do you call what the federal reserve has been doing for many months now pumping money into the stock market? If you have a retirement, it's probably hooked into stocks and bonds. The fed is creating something out of nothing and all that is backing the greenback these days is faith that our nation will pay its bills on time (not that it actually can).

[TsonicTsunami08]

You’ll get it one day, you’re going to miss a very big boat. Don’t take my word for it , here is a man with extensive tech startup experience.

http://youtu.be/I26CwcvDtFA

It’s a paradigm shift so it’s difficult to get your head around it.
The earth is round BTW.