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Old 05-16-2011, 06:37 PM   #15
dmross
Scooby Specialist
 
Member#: 2818
Join Date: Nov 2000
Chapter/Region: MAIC
Location: Pittsburgh, PA
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Quote:
Originally Posted by -=C=- View Post
I don't get it...especially the mining part. And why are they not based on an actual current currency? Having common folk trying to determine if it is worth it to buy something for 3 bitcoins or buy it on Amazon for $10.

So far, it looks like the article in the OP is just hype or conspiracy theory crap.
This was my initial reaction too. Keep reading, watch video.

It's a purely fiat currency, the algorithm ensures scarcity and market will determine value. It is real, it exists. One of the developers who is interviewed mentions that he is invited by the CIA to speak about it next month at an In-Q-Tel conference.
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