[Intolerant in NJ]

Max Keiser on RT is all over this bitcoin business - he loves it - but today he was talking about some Chromcoin something or other - color-coded coins based on bitcoins - sounds suspiciously like mortgage derivatives to me - pretty soon everything’s so sliced and diced and traunched that people become unsure of what anything’s worth anymore - and we know what happened when that took over with mortgage derivatives......

[Errant]

I don't know about Max Keiser sometimes... lol The market/exchanges seem to be doing a good job of Bitcoin price discovery. Don't worry too much about people becoming unsure due to schemes tied to Bitcoin.

There is a guy in Utah who also created a metallic coin tied to Bitcoin. He got a nasty letter from one of the government agencies and had to scale back his operation - a lot.

[Errant]

Is this what you were referring to?

Bitcoin 2.0, aka Ultra Coin: Bitcoin's Derivative Layer That Allows The Virtual To Control Real Things