Replies

Amazed it lasted this long.

2 posted on 02/25/2014 8:46:34 PM PST by RIghtwardHo

I think it was just a scam to make a lot of money quickly. Those who made their money probably sold off everything quickly.

12 posted on 02/25/2014 8:51:44 PM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)

Actually, I believe the BitCoin has more value than most currencies (our in particular), and the interesting aspect about the BitCoin is that anyone can "mine" for BitCoins -- it is a process totally independent of government.

Think of BitCoin mining as finding prime numbers. Ok, you start off early and there are tons -- numbers 2, 3, 5, 7, ... you register your discovery and only you has access to those numbers. Now others want to find prime numbers too, and they do, but they can't register your numbers, they have to search harder ... the more people into the mix the harder it is to find the unique numbers that make up the BitCoin algorithm.

Each number found is totally unique, and it is registered. Its value is assigned what the market thinks it is worth. The fact that this exchange closed, I'm wondering if there was external pressure to do so.

23 posted on 02/25/2014 9:27:04 PM PST by MrsEmmaPeel (a government big enough to give you everything you want, is big enough to take everything you have)

Hey I know, let's make a new money that's made of nothing and worth nothing , backed by nothing and see who will buy it!

30 posted on 02/25/2014 9:55:03 PM PST by Baynative (Got bulbs? Check my profile page.)

You aren’t kiddin.... I just looked at its pricing.

Once again today its got 22% variance on the day.

PT Barnum Was Right.

35 posted on 02/26/2014 3:58:27 AM PST by wonkowasright (Wonko from outside the asylum)

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