I followed a Slashdot reference to
http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/

After trying to figure that out I have concluded that I am simply not=20
smart enough to understand the system.

On 12/8/2013 5:42 PM, IVP wrote:
>> Thoughts?
> Bitcoins have been described as gambling rather than investing,
> because the marketplace in general has yet to decide whether
> they are acceptable as currency. As a result their value has been
> swinging wildly
>
> I've seen a few stories about them recently - the hacking of Sheep
> Marketplace, Chinese banks declining them, a new Lamborghini
> apparently bought with Btc (ISTR at the time when a Btc was
> $1000, shortly after dipping to $700, poor car dealer), and others
>
> There's almost a parallel between Btc and Continentals
>
> http://en.wikipedia.org/wiki/Early_American_currency
>
> because of uncoordinated acceptance
>
> Joe

--=20
John Ferrell W8CCW
"All things have their season"


--=20
http://www.piclist.com/techref/piclist PIC/SX FAQ & list archive
View/change your membership options at
http://mailman.mit.edu/mailman/listinfo/piclist
.