Bitcoin fever: The virtual money everybody may use someday

Return To Article
Add a comment
  • JimInSLC Salt Lake City, UT
    Oct. 15, 2013 4:55 p.m.

    If bitcoin is a currency its value/price should rise and fall related to other currencies. Its value should not wildly fluctuate like an over-hyped stock that speculators are jumping on and others are shorting. There are people that have millions of bitcoins for which they paid pennies per coin to acquire and now they are magically worth over a hundred dollars each? Sorry, I don't see it. I will not be participating in their scam. I like the idea, I just don't care for the current implementation. Of course, If I had a lot of bitcoins my opinion might be different. But, to participate now, thinking it a scam, would be to discard my integrity to cheat another out of their money.

  • one vote Salt Lake City, UT
    Oct. 12, 2013 8:22 a.m.

    The gold bubble is busting, maybe something new with now intrinsic value whatsoever?

  • Hamath Omaha, NE
    Oct. 12, 2013 5:53 a.m.

    It's a great idea... if IF it's safe. But since there is no transparency in the code... there is no way to make it safe. There are reasons for the current gov't backed system.

    Supporting this, you are assuming that the gal or guy who writes the program is some innocent "love the world", "borderless" guy or gal. What if he or she or the group is simply a front for Al Queda? They control the programming. They could wait until it gets popular ... wait until many many of us have their money in it and then simply... change the programming to make it stop working. Suddenly all that money just disappears! Economic chaos galore.

    Transparency is vital in trust. Money's value is all about trust. This could be a disaster waiting to happen.

  • Kirk R Graves West Jordan, UT
    Oct. 11, 2013 9:38 a.m.

    I love the idea of an international currency that is not under the control of a single national government or agency.