Thanks for your input, still looking for some place to spend bitcoins securely.

Newegg does accept paypal.  So i guess thats money, because i can buy things.  Where can i get some CTM's?

To troyounce:

I missed out on the tulip bubble, don't beat yourself up.

Just looked at newegg and i agree that they are a great company.  Ive bought things from them myself.  They dont take bitcoin.

So you buy something.  If you don't receive it or you don't get the correct product, what is you're recourse?

I do understand intrinsic value, that's why i question bitcoin, girlfriends aside.

Now we are getting somewhere.  You can buy things with bitcoin.  Where?

To aa:

That is the paradox of fractional reserve banking.  I know it well.  Read the creature from jeckle island.

My intent is not to hate on bitcoin, my intent is to find out if there is anything to it.  Every question i ask is responded to by vague responses.  I am interested, i just feel like its an insider thing and new people are snubbed.  So my question is:

Why is bitcoin money?

Are you saying nickels are fiat?  Maybe you should research more.

Wanted to buy a fifth of jim beam at the local store.  Couldn't use bitcoin, federal reserve notes ok.  So what is all the buzz about?  Bits are bits, coins are coins, invest in nickels.

 To psy
 

I know about it now and am attempting to find more info.  My grandmothers have been dead for 20 years, maybe you meant my grandchildren.  Bitcoin believers need to embrace potential adopters or it will fail.  Psy is a moderator, should be concerned about content.  I dont see any use in his contribution.

Make fun of me, much fun for you.  Not good for bitcoin.

I'm sorry, I still dont understand, can you explain?

To psy,

The definition of alchemy is this


The medieval forerunner of chemistry, based on the supposed transformation of matter, esp. that of base metals into gold.
A process by which paradoxical results are achieved or incompatible elements combined with no obvious rational explanation.


What are you trying to say?

My idea was a rich libertarian, i'm willing to give a couple hundred dollars to the cause, if it actually gets to the people who got screwed by the euro.  Not sure of the mechanism, any ideas would be welcome.  I'm just sick of getting screwed by central bankers.  It would be a shot across the bow.

I believe it is engineering only if you try to control the result.  I don't know what complications could arise from large scale adoption of bitcoin, i dont know if anyone has speculated on that.  The bottom line is that until I can use it for something, i dont see that it has value.

If I'm wrong, please explain.

I guess i dont understand how bitcoin works yet.  Can i turn dollars into bitcoin?  I dont think dollars have "real" value, but i accept them for my services and people give me product and services for them.  I dont know anyone who will do the same with bitcoin, at least not in my town. 

The idea is to get a population actually using it as a common currency, right?

Hello,

Just learned about bitcoin this week.  I had an idea about the Cyprus deposit "tax".

If there were a libertarian minded philanthropic billionaire out there, this could really give bitcoin a chance to prove what it can do.  My idea is this.

Give everyone that had a deposit under the 100,000 their 6.75% back in bitcoin.  It would force them to learn how to use it and merchants would have an incentive to accept it.  You can instantly have an island of 1,000,000 people as a test bed.  The PR and news generated could be huge.

Just a thought, let me know what you think.