A tiny minority of you are probably cackling about the folly of centrally controlled fiat regimes, while your mining rig churns away at another hash.
Ehehe! Wahaha!
To avoid scarcity problems, Bitcoins can be divided into infinitesimally small fractions.
Fail
Mining has not (until recently) been very financially worthwhile.
Fail
Bitcoins are loosely regulated, but that is changing.
Uber-fail
This is especially ironic considering the fact that Bitcoin is nothing more than a privately created fiat substitute, with nothing supporting its value beyond the market actions of a very small group of users.
Shoot me.
Buying something with Bitcoin is a lot like buying something using a thinly traded penny stock. Your employer won't pay you in penny stocks -- you have to go to a specialized website running specialized software to buy it using the dollars deposited in your bank account.
So there aren't any employers willing to pay in bitcoins?
Comments are... intelligent
