Bitcoin?

[Roger]

I have to admit, I just don't see what all the hype about bitcoin is? If you had put together a PC specifically for mining them and then sat on them for the last several years, you might potentially have a lot of money (assuming you didn't get your bitcoin wallet hacked).

Now there are several companies selling bitcoing mining rigs that are *only* good for mining bitcoins. So if you spend a lot of money on one of these miners if bitcoins ever become worthless then you essentially have a useless hunk of hardware you can't do anything else with.

I think the only people getting rich off bitcoins are the ones selling this gear or the person(s) that created this "currency", everyone else is chasing a dream of easy money. It all seems like a bubble to me, like the housing bubble or dotcom stock market craze.

[robcat2075]

I don't get it. I suppose all money is imaginary in value.

 

The Winklevoss twins have something to do with it...

 

http://dealbook.nytimes.com/2013/04/11/as-...r-its-close-up/

[thejobe]

im sorry but im completely lost on this topic. so someone created a new virtual currency and people are paying upwards of $120 for 1 bitcoin? what???

my brain just exploded.

[Roger]

im sorry but im completely lost on this topic. so someone created a new virtual currency and people are paying upwards of $120 for 1 bitcoin? what???

my brain just exploded.

 

More or less, yes. I guess it has been around since late 2008, but I don't remember hearing about it until 2010 maybe?

I guess if I had been running my dual-core AMD box 24/7 hashing bitcoins and then spent about $2000 on graphics cards in 2009

and been running those full steam, I could have been sitting on a mess of bitcoins by now. Oh well, not like this is the first time I missed out on something. I'm sure it won't be the last. Maybe I'll get lucky and the missing out I'll be doing will be the "losing all my money speculating on a virtual currency".