OT: Ray, how's your Bitcoin investment going?

[Louis]

[Andrewlcox]

http://gizmodo.com/5994229/this-vide...-three-minutes

[jlwdm]

I wish I had some from the first of the year when it was $13.50.

Jeff

[slidey]

I watched this interview a few days back about Bitcoin in the hope of trying to understand it better. Unfortunately it cast a poor impression on the product, thanks to the very vocal rep they sent across.

[samsays]

Originally Posted by slidey

I watched this interview a few days back about Bitcoin in the hope of trying to understand it better. Unfortunately it cast a poor impression on the product, thanks to the very vocal rep they sent across.

Mohawk man speaks the truth. A true visionary for personal freedom from centralized systems and inherent corruption. Power to the people!

[MattTuck]

Bitcoin was the new gold, but it's so played out now.

Palladium is the new bitcoin. you heard it here first

[MattTuck]

Also hilarious...

http://dealbook.nytimes.com/2013/04/...s-close-up/?hp

Winklevoss twins own 1% of all bitcoins.

[samsays]

Originally Posted by MattTuck

Also hilarious...

http://dealbook.nytimes.com/2013/04/...s-close-up/?hp

Winklevoss twins own 1% of all bitcoins.

You mean The Winklevii...

[rounder]

I was going to suggest Paceline Bits as a new currency for bike parts, etc. It would require a leap of faith that would probably never happpen. There is no substitute for cash.

[Louis]

Originally Posted by MattTuck

Winklevoss twins own 1% of all bitcoins.

And they took a bit of a hit today...

[Ahneida Ride]

Actually frns = bitcons..

almost all frns are not paper (cash) ....
they are just data entries in a computer spreadsheet.

We are not FORCED to accept bitcons ...
We are COMPELLED to accept frns.


frn = non federal non reserve non note

The fed is a private central bank, you will not find it in the phone book
under government agencies. No more federal the fed ex.

It has no reserves ...

It's notes do not specify the terms of redemption, hence are NOT notes.

[goonster]

Originally Posted by Ahneida Ride

No more federal the fed ex.

The Fed was created by an act of Congress, and its board is appointed by the President.

So, yes, it is more federal than FedEx.

[ClutchCargo]

Originally Posted by Ahneida Ride

Actually frns = bitcons..

almost all frns are not paper (cash) ....
they are just data entries in a computer spreadsheet.

We are not FORCED to accept bitcons ...
We are COMPELLED to accept frns.


frn = non federal non reserve non note

The fed is a private central bank, you will not find it in the phone book
under government agencies. No more federal the fed ex.

It has no reserves ...

It's notes do not specify the terms of redemption, hence are NOT notes.

Really?
So what?

[jlwdm]

It is interesting to go back and read the the two bitcoin threads from April and May. The first thing to note is do not take financial advice from a bike forum.

Bitcoins are volatile and who knows where they will go from here, but they have gone up 10 times since April.

The Winklevoss twins are up $100m since this thread if they are still holding.

Virgin Galactic will accept bitcoins for space travel and someone just bought a Tesla S with bitcoins. No real risk as the sellers immediately lock in a price for the bitcoins.

Jeff

[Louis]

Buy low, sell high.