Bitcoin

[Matt3737]

I just recently came across this topic and I've yet to fully form my opinions on it. I'm wondering if anyone else may know more about this?

Wikipedia for Bitcoin

And a youtube presentation:

[video=youtube_share;-FaQNPCqG58]http://youtu.be/-FaQNPCqG58[/video]

 

[Matt3737]

Here's a simplified introduction to Bitcoin:

[video=youtube_share;Um63OQz3bjo]http://youtu.be/Um63OQz3bjo[/video]

 

[Matt3737]

I think I've come to the conclusion that it is an illegal currency that would greatly benefit blackmarketing, fraud, money laundering, and potentially other forms of manipulation. I am still very intrigued and fascinated with the idea, but I get the feeling that this is ultimately a very bad idea. It's utility would be most useful in the worst possible ways. I can't decide as to what degree and/or magnitude these might be possible, but I'm thinking it should be avoided at all costs.

 

[muir]

I think bitcoins an exciting development

Here's a Keiser Report episode about it: http://rt.com/programs/keiser-report/episode-272-max-keiser/