Bitcoin-Mining Chips, Gear, Computing Groups: Competition Heats Up - Businessweek - Galt's Gulch

Remove this ad.

3

Bitcoin-Mining Chips, Gear, Computing Groups: Competition Heats Up - Businessweek

Posted by nickursis 11 years, 10 months ago to Economics

2 comments | Share | Flag

Something to ponder, a supposedly unbreakable monetary unit that is fraud proof? And the basis for it's value is what? Other than what others will pay for it I suppose...

SOURCE URL: http://www.businessweek.com/articles/2014-01-09/bitcoin-mining-chips-gear-computing-groups-competition-heats-up#p1

Add Comment

All Comments Hide marked as read Mark all as read

1

Posted by ObjectiveAnalyst 11 years, 10 months ago

I sure like the idea of Bitcoin, but don't trust the governments to keep their hands off. I am taking a wait and see attitude. I hope it works out. Sometimes discretion is the better part of valor...

Reply | Mark as read | Best of... | Permalink
- 1
  
  Posted by nickursis 11 years, 10 months ago
  
  Yes, I agree, also the fact value is not based on any clear relationship, the value of BitCoins has fluctuated so much, it is like having a herd of alpacas. 10 years ago you could sell them for 8K each, now you can't give them away.
  
  Reply | Mark as read | Parent | Best of... | Permalink

Comment hidden.