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[LPW #65] Ehh~!? Why do I have to?? Okay Fine!!!

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Heya Rena. Don't think I've seen you around before, even though you registered before me? :)
 
Well they've kind of made it already. It has been around for years. But yeah if all countries accepted it, then it would be kind of a universal currency, especially for online stuff I think. :)
 
Hmm... typing dreams as fast as i can but itll take a while =w=

Do they have their own store of gold sitting around or something? O.o
 
samyeung46 said:
Do they have their own store of gold sitting around or something? O.o
Click to expand...

No, that is the idea of it, if I understand correctly. The bitcoins are an imaginary existence of themselves. Represented by nothing but numbers, so they can never depreciate in value, unless they decide to make more of them. The servers "mine" for bitcoins or something like that when they wanted more, I think.



Also this is beautiful:
 
So the currency is only dependent on however many accept them and how much their company is worth?
 
From what I understand the currency is based on the number of coins they have made. I'm not exactly sure how it works, but it is like how Countries print pieces of paper and call them money and say they are worth a certain amount. They keep printing more to satisfy demand and so that the government can spend it, but in turn it becomes worth less to other countries because there are now more bills, and thus their currency is less scarce. Something like that.
 
Mehs its sort of just another currency then :/ But now theyre worth as much as germany bothers with..~
 
Well many places online allow you to buy with them already. The main idea is that will all of your other money is constantly depreciating due to inflation, bitcoin will stay just as strong.
 
Possible, but the idea behind it is that it wont. Not sure of all the system behind it, I only looked into it a little bit a long while back.
 
Well yeah. I don't even know what Germany accepting it even means. I'm not sure how you would use it in stores other than online...
 
I'm guessing they will keep everything digital.

Maybe there are bitcoin cards? I would have to look it up, but I am too busy looking other things up!
 
Lol xD Hmm... a digital currency.. i wonder how they would keep people from... creating fake bitcoins? xD
 
I'd assume this is made and run by people who very much know what they are doing. Probably with a similar system that helps protect against credit fraud.
 
Lol yeah they would probably need to know what theyre doing if they were to get accepted...

Gahh firefox is screwing over on meh =w= Freezes for a couple seconds every couple seconds and then randomly messes with my tabs...
 
They have also been established for a good many years now, so any kinks should be long gone.


That doesn't sound fun. Swap for chrome for a while? Though FF does do a way better job of handling tabs :/
 
You mean chrome is also freezing? Check what your CPU is up to, and how your RAM looks.
 
...... Hi ? nongol.gif
 
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