[Cialug] OT: Bitcoin

[Lee Henderson]

There are many benefits to using Bitcoin, but let me highlight another.
Money is expensive! After all, how much has it cost you to use YOUR money
in the past year? We're talking fees to transfer, convert or even just
store funds. A big draw to Cryptocurrencies has been little or no fees.


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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