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Author Topic: Bitcoins.Org - Open Source Money Creation & Exchange Project  (Read 788 times)
Dirse Yalçın
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« on: January 21, 2013, 02:04:46 AM »

Anyone experienced in bitcoins?

Wordpress.Com started accepting bitcoins as an alternative to credit cards and PayPal:
http://en.blog.wordpress.com/2012/11/15/pay-another-way-bitcoin/

Quick links for the curious:
http://bitcoin.org/
http://www.weusecoins.com/
http://bitcoin.stackexchange.com/questions/336/what-is-a-good-way-to-concisely-explain-bitcoin
https://en.bitcoin.it/wiki/How_bitcoin_works

I am learning about bitcoins as I write. So don't ask me how exactly "mining" works  Smiley
« Last Edit: January 21, 2013, 02:49:17 AM by Dirse Yalçın » Logged
Anglo
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« Reply #1 on: January 21, 2013, 03:06:59 AM »

I know enough to know that without significant investment in hardware , software, and knowledge , it'll will be difficult to just break even.
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Dirse Yalçın
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« Reply #2 on: January 21, 2013, 05:12:04 AM »

You nailed it Anglo: What's this new currency's back-up? Gold, silver or US Dollars, Euros, nominal paper pieces again?!..

Or, mere peer trust?.. What is the real guarantee?

(Long ago I had suggested an "Int'l Endorsement Board" (EnDoBe) for Pardus, incl. yourself, so that we would all know when to upgrade. Same logic.)

... it'll will be difficult to just break even.

I didn't get the above "... to just break even" part, though:

1) Private banking commissions for moving money around the world?

2) FED (or other national central banks) interest rate(s) charged on US Government or others for just printing money and lending to them?

Who is to break even against whom?
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Anglo
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« Reply #3 on: January 21, 2013, 10:59:21 AM »

My apologies, I resorted to idiom unthinkingly.
I meant by the phrase "... to just break even" that the returns will be less than the resources spent.
In the early days of bitcoins , was easy to "mine", but most of the easy part has all ready been harvested.

Edit : the federals of the USA at one point were trying to make bitcoins illegal ( control the money , you control crime , terrorists , or people/organizations you don't like ). "Private Banking Commissions" had SOME interest.

Beyond that I lost interest.
« Last Edit: January 21, 2013, 11:07:27 AM by Anglo » Logged
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