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NetOperator Wibby
Wings of Dreams
Age: 36
Joined: 19 Dec 2005
Posts: 772
Location: Hikari Labs � Dimensional Area
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 Posted: Wed Aug 03, 2011 5:15 pm Post subject: Bitcoin |
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Has anyone ever heard of this (http://www.weusecoins.com/)? I stumbled across it yesterday while browsing the Space Collective site.
As I looked through the site, the concept of bitcoins instantly reminded me of zenny. I found it quite interesting that the *value* of these things are backed by supply and demand.
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Saito-kun
Nebula
Age: 33
Joined: 20 Aug 2008
Posts: 645
Location: Custodian on Duo's comet
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| Posted: Wed Aug 03, 2011 10:07 pm Post subject: |
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A purely digital international currency is an interesting idea, but this one's valuating system seems a bit vague.
If you have the right computer hardware, your computer will try to solve a complex calculation, and that creates money? Guess you have to have some excuse for selecting who gets to have the newly minted coins. |
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NotJim
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Joined: 13 Jun 2005
Posts: 973
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| Posted: Sat Aug 06, 2011 6:53 pm Post subject: |
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Valuation of this currency will be entirely based on the supply/demand for processing power
(people have heard of buying up powerful 6xxx GPUs purely to farm bitcoins!)
for a chart
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