Bitcoin Forum
October 24, 2017, 12:06:24 PM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: History never repeats, but it sure does rhyme..  (Read 798 times)
piecesofeight
Newbie
*
Offline Offline

Activity: 6



View Profile
June 11, 2011, 04:44:37 PM
 #1

Well... Hello all.  I found out about bitcoins a day ago, and boy, am I kicking myself for not knowing about this a few months ago!

This 8bit thing, you all know where pirates "pieces of eight" came from?

http://en.wikipedia.org/wiki/Bit_%28money%29

Quote
In the U.S., the "bit" as a designation for money dates from the colonial period, when a common unit of currency was the Spanish milled dollar. As a way of making change, these dollars were cut into eight pie-slice shaped pieces which were called "bits". (For this reason, the whole coin was known as a "piece of eight.") Each eighth-dollar bit was then worth 12.5 cents, "two bits" was a quarter of a dollar (25 cents), "four bits" was a half-dollar (50 cents) and "six bits" was 75 cents. Because there was no one-bit coin, a dime (10 ¢) was sometimes called a short bit and 15¢ a long bit.

Bitcoin has a great and long future ahead of it.

Me heartys, I be needin' t' start me own doubloons mine, spaar a pence for an old man o'de sea?

1PF9jQserjdws3qWuDpYcTkCcafFgMHhD6

--I did try to place a link here to my first post, to explain my user name... but it was removed.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508846784
Hero Member
*
Offline Offline

Posts: 1508846784

View Profile Personal Message (Offline)

Ignore
1508846784
Reply with quote  #2

1508846784
Report to moderator
1508846784
Hero Member
*
Offline Offline

Posts: 1508846784

View Profile Personal Message (Offline)

Ignore
1508846784
Reply with quote  #2

1508846784
Report to moderator
Jaime Frontero
Full Member
***
Offline Offline

Activity: 126


View Profile
June 11, 2011, 05:16:18 PM
 #2

Well... Hello all.  I found out about bitcoins a day ago, and boy, am I kicking myself for not knowing about this a few months ago!

This 8bit thing, you all know where pirates "pieces of eight" came from?

http://en.wikipedia.org/wiki/Bit_%28money%29

Quote
In the U.S., the "bit" as a designation for money dates from the colonial period, when a common unit of currency was the Spanish milled dollar. As a way of making change, these dollars were cut into eight pie-slice shaped pieces which were called "bits". (For this reason, the whole coin was known as a "piece of eight.") Each eighth-dollar bit was then worth 12.5 cents, "two bits" was a quarter of a dollar (25 cents), "four bits" was a half-dollar (50 cents) and "six bits" was 75 cents. Because there was no one-bit coin, a dime (10 ¢) was sometimes called a short bit and 15¢ a long bit.

Bitcoin has a great and long future ahead of it.

yes - i know about that.

and i really like the thought that went into your user name.  howdy, and welcome.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!