What is the Point of a Bitcoin? | 26 comments (26 topical, editorial, 0 hidden)

Re: What is the Point of a Bitcoin? (none / 0)

And indeed, that is the main current use of Bitcoin. Organised crime.
Alongside a few faithful supporters of the system, who try to use if for things like web hosting and other small items.

I say main use for a reason, because the estimate is that most Bitcoins are not being used, but hoarded as the owners hope that the limited number means their value will appreciate.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Jan 7th, 2013 at 12:08:22 PM EST
[ Parent ]

Re: What is the Point of a Bitcoin? (none / 0)

Metatone:

And indeed, that is the main current use of Bitcoin. Organised crime.

That looks reasonable. Has anyone had a look at it or is it just assumed?

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Mon Jan 7th, 2013 at 02:34:58 PM EST
[ Parent ]

Re: What is the Point of a Bitcoin? (none / 0)

There have been some informal studies, nothing published yet, but by the middle of the year some studies should be out.

by Metatone (metatone [a|t] gmail (dot) com) on Mon Jan 7th, 2013 at 03:19:17 PM EST
[ Parent ]

What is the Point of a Bitcoin? | 26 comments (26 topical, 0 editorial, 0 hidden)

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