Bit coins must be worth something!

What I don't know but they're worth stealing.

By on December 5, 2013 12:22:59 PM from WinCustomize Forums WinCustomize Forums External Link

Uvah

Join Date 05/2006
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December 5, 2013 12:31:37 PM from WinCustomize Forums WinCustomize Forums

They are, if you bought them years ago you'd be rich now, except for this guy...

http://washington.cbslocal.com/2013/11/29/man-throws-away-7500-bitcoins-now-worth-7-5-million/

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December 5, 2013 12:37:34 PM from WinCustomize Forums WinCustomize Forums

I looked up bitcoins and still don't understand it.  Where or how is the value determined?  Sort of sounds like a bartering systems.  Where do you get bitcoins from, do you buy them?

I think I am past the age where I don't need to be concern with this.

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December 5, 2013 12:44:18 PM from Stardock Forums Stardock Forums

This video should help explain stuff: http://vimeo.com/63502573#

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December 5, 2013 2:06:42 PM from WinCustomize Forums WinCustomize Forums

Interesting.  Thanks for sharing Uvah!

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December 5, 2013 7:46:18 PM from WinCustomize Forums WinCustomize Forums

Aprox. $1000.00 a bitcoin

Man Throws Away Trove of Bitcoin Worth $7.5 Million

As Bitcoin hit $1,000 dollars on Wednesday morning, a lot of early adopters saw their Bitcoin, bought or mined for cheap years ago, turn into a high-return investment. And some forgot they bought Bitcoin years ago, only to realize they were suddenly rich.

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December 6, 2013 3:41:40 AM from WinCustomize Forums WinCustomize Forums

I never heard of them until the article about the guy who threw his away.

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December 6, 2013 5:04:30 AM from WinCustomize Forums WinCustomize Forums

In some country Bitcoins has been announced illegal , then bitcoins value in that area droped to 30%

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December 6, 2013 6:07:57 AM from WinCustomize Forums WinCustomize Forums
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December 6, 2013 6:45:48 AM from WinCustomize Forums WinCustomize Forums

Now all he has to do is pray his purchase doesn't go up in flames.

http://www.engadget.com/2013/10/04/tesla-model-s-battery-fire-musk-response/

 

China has forbidden its Banks to trade or use Bitcoins as they aren't deemed "a true currency". Guessing the people who created it haven't paid the necessary bribes.

http://www.usatoday.com/story/money/business/2013/12/05/bitcoin-china-pboc/3876727/

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December 6, 2013 12:29:40 PM from WinCustomize Forums WinCustomize Forums

I think maybe it scares those with really big bucks. Imagine a standardized world currency. Everything would have the same value no matter where you buy it. Outsourcing would become a thing of the past and importing workers to do their thing for far less money...not gonna happen because the pay scale is the same everywhere. That'll bite into corporate profits big time and the billionaires here and elsewhere...wouldn't be. Gotta love it. Lol

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