Bitcoins ? Can someone explain this to me?

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Originally Posted by Jimbo

If you want a commodity that is worth a bundle forget gold and platinum - you can't go past printer ink. Invest in printer ink people: it's going for anything up to $5000 per litre!!

James.

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Then we can all print our own money! :)

Anyone thinking of investing in gold should check this chart: Gold Market Price Charts - GoldMoney

Gold price is very high, most investors buy low and sell high.

I stumbled across this today on The Guardian. Interesting things happening in Germany on the bitcoin front.

Bitcoin: world's fastest growing currency migrates off the internet - video | Technology | guardian.co.uk

It's a commodity similar to many others. For example the intrinsic value of gold is very low - it's a very poor material for most everyday tasks, so the ordinary people who stockpile it do so based on its societally-agreed-value. It's the exact same thing with bitcoins, though much fewer people have signed up on them being valuable.

I do like the way bitcoins address the usual problems of currency like forgery and control of supply.

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Originally Posted by Lemur

I don't believe it, I dare you to fill up my living room with that shiny stuff! :)

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I'd be more than happy to, if you would be so kind to give me in exchange those useless papers that the US government prints - $3000 for each oz of heavy shine should do it. :)

Grocery store wouldn't take my bitcoins...