Put "Bitcoin" into google news, youll get a lot of different stories from different sources.
+1 My favorite way to see what's what. ++1 You can also arrange by time stamp to see some of the less read articles. |
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Maybe think of it this way. Dollars (mostly) accommodate more value by increasing the number of dollars in circulation. Bitcoins accommodate more value by increasing the value stored in each unit.
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Are these for sale?  Just kidding. I like " havingbitcoin.com". |
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I think they are easier to use than other exchanges I have tried. Fast, good prices, reasonable fees.  Of course they are KYC/AML compliant. It is not a good place for crooks. |
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If you really want to blow away Mom and Dad, wait until you have doubled your value then withdraw your original investment. At that point you will have no downside exposure. No matter what the price does, you can't lose. Now major in economics and write up your experience for grades.  |
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It's like a bag full of cash. It is as safe as your security. Leave your bag lying around and it will likely be taken, put it in a safe deposit box and it will almost certainly not be taken.
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Knowing that a dollar bill can be divided into 100 pennies does not change my opinion of dollars.
And what if it was decided one day that it could be divided into 1000? I don't see the problem with that, other than the lack of things to buy for $0.001 |
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Knowing that a dollar bill can be divided into 100 pennies does not change my opinion of dollars.
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The only reason to buy this is for a scam.  |
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Lesson learned. Do not listen to anyone's prediction. There is no such thing as predicting the price, just guessing.
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Your idea has been tried. You are describing MintChip, Canada's virtual money. Ever heard of it? ... exactly.  How Bitcoin transitions to a government coin is entirely different. That is different. However any change in the protocol would mean a fork. At that point it would no longer be bitcoin. It would also not likely be adopted. Are you willing to burn up your home wiring to generate money for the federal reserve? Also what would keep China from then creating the lion share of the coins and charging Americans a premium. If it is not open source and beyond manipulation, then it has zero appeal. You haven't really thought this through. It would not be the first thing I said without thinking. But I'm not sure here what I am missing. If anyone changes the protocol, it will not be bitcoin. What was outlined earlier is the government creating an alt-coin. Which would have no value to me. |
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My understanding is that is to create a diminishing return like that found in a resource like gold. That is to say, there is always more gold to be mined, but it gets harder to produce an ounce every year. That keeps upward pressure on the price.
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My wife is very involved with community supported agriculture here in Wisconsin. I'm going to meet with an organization that connects farmers with consumers who buy farm shares. Maybe even offer escrow to try out a direct buy system. It would be awesome to order a custom farm box paid in advance with bitcoin.
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I believe Theymos is one of my neighbors. He lives somewhere near me anyway. But if he wishes to remain private, then I'm with him.
I'm all for respecting privacy. Pretty much everyone one here will agree unless someone scams. Agreed.  |
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Beenz.com was a web site that allowed consumers to earn beenz, a type of online currency, for performing activities such as visiting a web site, shopping online, or logging on through an Internet service provider. They had the wrong perspective; this isn't a currency, it's reward points. Also it was centralizedAlso It had a silly name. I will +1 this. Beenze were about as much like bitcoin as frequent flier miles. They were centralized, closed source, and open to any manipulation the authority wanted. They were not currency. They were crappy coupons. |
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I believe Theymos is one of my neighbors. He lives somewhere near me anyway. But if he wishes to remain private, then I'm with him.
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US have no intention to take it down.
They cannot take it down. Can you take down Internet ?
An attempt would cost billions of dollars and have a very slim chance of doing any damage. What ever happens, there is not going to be a "takedown". I think it is impossible. |
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Your idea has been tried. You are describing MintChip, Canada's virtual money. Ever heard of it? ... exactly. How Bitcoin transitions to a government coin is entirely different. That is different. However any change in the protocol would mean a fork. At that point it would no longer be bitcoin. It would also not likely be adopted. Are you willing to burn up your home wiring to generate money for the federal reserve? Also what would keep China from then creating the lion share of the coins and charging Americans a premium. If it is not open source and beyond manipulation, then it has zero appeal. |
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Just being aware and taking steps to spend less will likely start the money rolling in. Good job man!
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Holla amigo,
I don't know as much about trading Euros, but I think most Spaniards use a SEPA transfer from their bank accounts. That means using euro to fund your account at an exchange website. It is a hassle and will take days to weeks, but then you are set for the future.
So create an account at an exchange.
Transfer euros to the exchange.
Then you can buy at the exchange.
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