I think there is more investigation due on the subject. Considering that there will ever only be 21Million Bitcoins, eventually you be happy to make a milli or micro Bitcoin per hour! Compare 21 Million to the trillions in a national economy and you know what I mean! There might also bitcoin wallets be lost (private keys deleted) and that will additionally cause the deflation that some here might call ponzi scheme... Anyhow that people will try to create fake bitcoin and try to dupe people o= r plainly steal their wallets is not an argument for considering conventional currencies superior! We are witnessing revolution happening Guys, enjoy! What brilliance for somebody to envision how this all could be implemented open source and peer to peer! On Tue, Jun 21, 2011 at 9:38 AM, Bob Blick wrote: > On Tue, 21 Jun 2011 17:30 +0100, "Michael Watterson" wrote: > > > I can't see what bitcoin does usefully except be a vehicle for yet > > another pyramid scheme, people are treating it (foolishly) as an > > investment not a currency. It's an interesting experiment and computing > > "toy". A real competing currency? no. > > And anyone who has just heard of Bitcoin and thinks they can get rich > off it? They are way too late to the party. > > > -- > http://www.fastmail.fm - IMAP accessible web-mail > > -- > http://www.piclist.com PIC/SX FAQ & list archive > View/change your membership options at > http://mailman.mit.edu/mailman/listinfo/piclist > --=20 Tobias Gogolin Tel. Movistar (646) 124 32 82 Tel. Telcel (646) 160 58 99 skype: moontogo messenger: usertogo@hotmail.com Blog: http://zeitgeistensenada.blogspot.com/ You develop Sustainable Ranch Technology at http://tech.groups.yahoo.com/group/SURA-TECH an Open Source Electric Motor/Alternator at http://groups.yahoo.com/group/Performance_Axial_Flux and an Open Source Motor Controller at http://groups.yahoo.com/group/GoBox --=20 http://www.piclist.com PIC/SX FAQ & list archive View/change your membership options at http://mailman.mit.edu/mailman/listinfo/piclist .