BitCoins

[fatmenace]

Anyone heard of this? I still don't understand what gives them their value.

launch.is/blog/l019-bitcoin-p2p-currency-the-most-dangerous-project-weve-ev.html

[grubbi]

Haven't until now.

Their value is based on all things that have "value" and that is the perception that it is/has value. It's the perception of reality not reality itself. As long as the US dollar is perceived to have value it has worth but if everyone thinks the US dollar is worthless than it has no value. That's as simple as it gets. It's similar to the saying, "What's one man's junk is another man's treasure."

[fatmenace]

Well that didn't take long.

venturebeat.com/2011/06/08/government-crackdown-on-bitcoin/