Thread: Bitcoins

so, this is like monopoly money??

Originally Posted by 01gpgt01

That sites shutting down

Dang. That was just updated today then. Too bad. That is one of many sites though that have been popping up. A couple restaurants in New York accept it as payment.

Originally Posted by Lenny

so, this is like monopoly money??

Not at all. It's digital, has value, and can not be counterfeit, and there is a set amount (21 million.)

Originally Posted by Lenny

so, this is like monopoly money??

A lot of people, this is their first reaction. "It's a Fiat currency." "It's worthless." However, they know nothing about it. Until they take the time to understand what it is about, usually they come back with "that is actually really interesting," and "that really could provide some awesome benefits."

https://bitcointalk.org/index.php?topic=7269.0

This write up about it is a lot easier to understand. The mining aspect is the confusing part for beginners, but just know they are "verifying" all the coins before they get released into the world. It's truly is amazing.

I've sold and bought items with bitcoins. I've sold Xbox games. I just sold some "entertainment." It's in the works but involves a Twilight book and a glittery explosion! I've bought computer parts. I even bought a basketball. A nice authentic NBA regulation one.

If anyone is interested and car savvy, maybe someone would be willing to pay you for your auto mechanical services in it.

What I love about bitcoins is the promotion of small business, and the potential to cut down the governments control on our money.