[Cialug] OT: Bitcoin

[jim kraai]

bait taken


On Wed, Aug 27, 2014 at 3:20 PM, Scott Yates <Scott at yatesframe.com> wrote:

> 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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