On Bitcoinery

Ahh, yes. The humble Bitcoin. The futuristic digital currency that could revolutionise monetary trade. The Bitcoin, which I shall here call the BTC out of laziness, has much potential. The trade model allows for the anonymisation of trade, which is why the Tor Network is full of shady characters who prefer to use BTCs instead of physical currency. But, although it has various advantages over the normal currencies preferred by political states, BTC is still a young monetary system. Conversion rates can fluctuate unpredictably, making a Bitcoin-Billionaire a very poor man as the BTC lowers in value, and 1 BTC is worth less than 1 USD, or vice versa, as the BTC skyrockets to upwards of 200 USD per 1 BTC- it actually did at one point. But one BTC is generally equivalent to about 5 USD, as I recall. To reiterate, the currency is young, and although I intend to begin BTC mining, I shall not do so in excess. I'm not going to take such a large gamble. Not yet, anyway, while the BTC is still relatively unpredictable. At some point in the future, however, BTC or a variation thereof shall present an equivalent alternative, much like credit/debit cards, PayPal, cheques, et cetera did in the past. Now, however, is not a very good time to invest; especially not when America's economy is rather delicate at the moment.

Peace Out! )O(
-MintyNinja41