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1  Other / Beginners & Help / Re: Bitcoins' Value on: April 28, 2013, 08:53:16 PM
Something just occurred to me!  We call that an "Ah Ha" experience.  I have seen that number before, i.e. ~ $130. It looks remarkably close to the Euro value in USD.  If I were to live in France and they were going to tax me at 70%, I would move my money to somewhere else.  The currency of international trade is still the USD and $1 is equal to 1.3 EU's  I buy 1 Bitcoin ( $130USD ) and send it to Uncle Buck in Hollywood California. I have just moved 100 EU to Hollywood in 10 minutes with only Peter Pans Help.  Now that is slick!  I have hook Bitcoins to Euro's and won't let it go.  Demand, like last week was at $150 USD, something in Eurozone upset people and they were willing to pay more.  An example was that Spain had 27% unemployment. Outch!  If Murkle soothes the Europeans then another group of buyers will have enough purchasing power to control the value if Eurozone is not.

The 21 million Bitcoins is the same as a factor of how many bits of Bitcoins are at the right of the decimal point.
.0000001.  The value of the Bitcoin is what people 's utility for it is.  I suspect in the Eurozone it is moving EU from Greece or France, maybe even England to somewhere else.  

Mining Bit coins, I am trying to think of how much that sounds like metal detecting. bzzzzzz!  The fewer the number of coins left to be mined, if the price goes up for a Bitcoin, their will be a RUSH to mine those coins.  In a world were their is a limit supply of something and demand is high, That next Bitcoin will be of a lot of value.
Lets say it is worth 1000.0000006 USD.

Why would you hoard Bitcoins.  People hoarding Gold just got shot in the butt.  If too many people want to sell Gold the price goes down. "Wa La" !
2  Other / Beginners & Help / Scenario: Asset Class and Liquidity on: April 28, 2013, 06:38:32 PM
Roberta ( . )( . ) asked me, "What do you think of my assets, are they good"?   To use Charles Dickens technique of an aside.  Oh my! yes they sure look good but are they liquid.  "Why yes  Roberta ( . )( .) an asset worth is valued based on its liquidity."  "Liquidity?" (.  )(.  ).  "I once had a chicken under each arm."  " I walked up and down the street to my neighbors and asked them to buy them."  "I got no interest."  "They either;  had chickens of their own, didn't want to eat them, collect eggs, raise them, use the feathers to tie fishing flys.  They had value, limited to only me and were not liquid."  "I could not change them into $."  (  .)(  .)  "Darn that's a shame!"  "Do you remember those Bitcoins I payed you with?"  "Yes ( ' )( ') I could spend them in Acopulco but its hard to spend them here!"  "How much are your chickens?"  "The chickens are lesser the point in that how easy is it to spend or convert your Bitcoins into another asset."  "Even Gold, if a lot of people are selling it."  "It must sell at a lower price." "The asset class is worth less."  ( . )( . ) "I want my assets to be worth more!" To do that you have to offer it in more places that people demand it ." Charles Dickens asside again.  Where are Bitcoins Liquid? ( . )( . ) "I am going to California next weekend."  "Where can I spend my Bitcoins?"  "Good question!"  (  .)(  .) "How much again for your chickens?"
3  Other / Beginners & Help / Scenario: Bitcoin Corp.? on: April 28, 2013, 12:29:50 AM
Imagine this!  I go to my lawyer Roberta ( . )( .), wow, lets have dinner?   "I want to start a Corp. with 21 million shares."  "Great idea lets talk about it."  "What's this company do?"  "Roberta" ( . )( . ) I get to call her Roberta.  "It moves money everywhere!"  "Wow, I am impressed, its like Visa or Mastercard  (Shocked."   "How does it make money?"  "It will make so little money that people will think I am crazy."  "I always thought you were!"  "Can I get in on some of this action?"  "Sure enough " Sweetheart ".  "I will pay you in Kind, I will call them , wait for it,  "Bitcoins".  "That's really nice of you, so I will own part of your company?".   Yes my dear Roberta  ( . )( . ) you and I will have "A dog in the hunt."  "What can I (.  )(.  ) buy with my Bitcoins?"   " I am selling an original Chrome; (its shinny ),  1950's Kleenex box holder for a BUICK."  "Wow (  .)(  .) I didn't know they made them."  "I thought they only came in Chevy's."  "I have one for sale on Craigslist for 1 (one) BTC." "Sweet ( ' )( ' )."  "Too bad I am going to Mexico tomorrow and can't send you the Bitcoin."  "Not to worry Roberta ( . )( . ) you can send them just like a kiss from Acapulco, It's just like Mayan Gold."  "Let me ( . )( . ) kiss you, you sweet boy!"
4  Other / Beginners & Help / Re: Scenario: My heart and Bitcoin on: April 26, 2013, 12:32:28 AM
As someone trying to find a use for Bitcoins in their life, I continue to explore what they could possible do.  I look at a Bitcoin value in relation to currency and it would seem that, that is their use.  They represent currency from and to a destination.  peer to peer internet currency.  What can Joe-Six-Pack do with a hoard of Bitcoins?
5  Other / Beginners & Help / Scenario: My heart and Bitcoin on: April 25, 2013, 10:38:15 PM
Imagine this!
I have a bad heart.  As a new member of the Obama Club of Medicine, I am denied care for an irregular heart-beat because I have used too much healthcare so far this year according to my project needs for the months ahead.  Damn!  Oh, I am too old also.  Fare enough.  My heart is skipping away like a 6 year old little girl playing hop-scotch.  I go by my cardiologist office and he  agree's I need to be defibrillated.  "Sit down headlite, what  you got in your pocket?"  "All I have is these five Bitcoins on a piece of paper."  "I tell you what, my Mother-In-Law lives in Cuba and needs a new rice cooker."  Lets say we defibrillate you and you give me BTC 0.67 of one of those Bitcoins to send to my Mother-In-Law? "You got a deal."  "Send her my Love!  My wife was so happy when she heard my made-up story she baked me cookies.  The first in a series of tall Bitcoin tales.
Oh, I don' think labor is taxed!

(Someone of my ilk could go on forever. )
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