What Are Bitcoins?
Bitcoins (Video) are virtual coins in the form of a file that is stored on your device.
Some facts:
1. Bitcoin is a technologically sound project.
2. Bitcoin is unstoppable without end-user prosecution.
3. Bitcoin may be the most dangerous technological project since the internet itself.
4. Bitcoin is a political statement by technotarians (technological libertarians).*
5. Bitcoins will change the world unless governments ban them with harsh penalties.
100% certainty is there that governments will start banning bitcoins in the next 12 to 18 months.
Thoughts:
Currently there are 6M coins at $6.70 each for a total economy of about $40M. Bitcoin speculation and hoarding will also cause a massive spike in bitcoin value. For example, if 10M people find out about bitcoins in the next year and want to buy $100 worth, $1B will be infused into the bitcoin economy.
Finally, there will be massive breakage in bitcoins. If your laptop crashes and you didn’t back up your bitcoins, well, you’re SOL. If someone steals you laptop that has 10,000 bitcoins on it you won on Bitcoin Poker, you’re SOL. Lost your USB drive with 500 bitcoins on it after a night out on the town? You’re SOL.
Finally, there will be massive breakage in bitcoins. If your laptop crashes and you didn’t back up your bitcoins, well, you’re SOL. If someone steals you laptop that has 10,000 bitcoins on it you won on Bitcoin Poker, you’re SOL. Lost your USB drive with 500 bitcoins on it after a night out on the town? You’re SOL.
(P.S-Use it at your own risk as.We do not endorse the working or using of this software in any way.It is important to note that the consequences and other shortcomings of the software itself,if any at present or in future.This article is only for the purpose of knowledge and awareness)
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