[Cialug] OT: Bitcoin

[Scott Yates]

I think part of the real value lies in the fact that it is neither issued
nor controlled by any central body or government.

I view it essentially, as a form of Wuffie
<http://en.wikipedia.org/wiki/Whuffie>



On Wed, Aug 27, 2014 at 3:12 PM, Justin Richeson <neomatrixjr at gmail.com>
wrote:

> Yes, I understand the "value of value."  It's why I actually DON'T buy
> gold.  When the "SHTF" is anyone really going to want gold?  Will it really
> be worth anything?  Is the bible right in that a loaf of bread will be
> worth a bag of gold?  But our money right now is worth something because
> the government will take it in payment of our taxes.  Though I get your
> point...Bitcoin has worth because SOMEONE is willing to pay another
> currency for it.  As best I can tell it's valuable because it's a
> more-or-less untraceable way to transfer money.  Kinda.  You can buy it
> "here" and sell it "there" and your money "there" isn't necessarily linked
> to you.  That, or, you can buy it "now" and the money put into
> it...isn't...money.  At least not that the government cares about.  Then,
> like gold, you can sell it "later."  Sounds like in either case you're
> hoping you can sell it for more than you bought it and it seems like it
> would have a lot of shady uses.  I'm all for not caring what the government
> wants us to do but.....   Well, that's why I need a better education on
> this.  Still just seems shifty to me.  Using computers to create this
> cryptocurrency.  Still sounds like a way for terrorists to hide and
> transfer money, or like someone's using some genius method to crowdsource
> the description of nuclear launch sequences or something.  Now I probably
> sound like some old conspiracy fart... 'snot my fault!  I don't have time
> to understand EVERYTHING :'(.  Wish I did...but this whole
> bitcoin/cryptocurancy thing has just passed me by and from what I
> understand the real lucrative phase has kinda past. (not to mention I don't
> have the right hardware to do hardcore mining).
>
>
> Meh...just my rambles.  Ignore or comment as you wish.
>
>
> On Mon, Aug 25, 2014 at 9:20 PM, brian at broughtonhome.org <
> brian at broughtonhome.org> wrote:
>
> > What is value
> > What is it you want
> > What is the value of value
> > How bad do you want it
> >
> > Sent from my HTC One on the Verizon Wireless 4G LTE network
> >
> > ----- Reply message -----
> > From: "jim kraai" <jimgkraai at gmail.com>
> > To: "Central Iowa Linux Users Group" <cialug at cialug.org>
> > Subject: [Cialug] OT: Bitcoin
> > Date: Mon, Aug 25, 2014 8:04 PM
> >
> > warning, bait ahead
> >
> > do not read further
> >
> > it"s a trap
> >
> > turn back now
> >
> > what is value?  what's the value of value?
> >
> >
> >
> > On Mon, Aug 25, 2014 at 7:19 PM, Todd Walton <tdwalton at gmail.com> wrote:
> >
> > > On Mon, Aug 25, 2014 at 12:33 PM, Adam Hill <adam at diginc.us> wrote:
> > >
> > > > Just like real money, crytocurrency only has value because people
> > decided
> > > > to attach value to it.
> > > >
> > >
> > > It's kind of like food in that way.  It only has value because we
> decided
> > > to value it.
> > >
> > > --
> > > Todd
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