Thread: Bitcoins ? Can someone explain this to me?

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.

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.

Originally Posted by Lemur

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

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...