Right now the bitcoin is worth 13,000 Euros, or almost 16,000 dollars. A huge increase for anyone who bought into them early. A pyramid scam for anyone getting into them now, and there is little protection for when the bitcoin owners take their money and cut it all off.
The important part is blockchain which, when perfected will allow secure transactions and account protection. Bitcoin is the pioneer not the ultimate form of how future currency will likely evolve. And mining is not profitable of a small scale even with a low power computer as this example shows.
wiatr over 6 years ago
That is quite how I view that fakery. It has no tangible presence in the real world.
Mr. Blawt over 6 years ago
Right now the bitcoin is worth 13,000 Euros, or almost 16,000 dollars. A huge increase for anyone who bought into them early. A pyramid scam for anyone getting into them now, and there is little protection for when the bitcoin owners take their money and cut it all off.
Mike Menard over 6 years ago
kind of reminds me of the dot com craze a few years ago
superposition over 6 years ago
The important part is blockchain which, when perfected will allow secure transactions and account protection. Bitcoin is the pioneer not the ultimate form of how future currency will likely evolve. And mining is not profitable of a small scale even with a low power computer as this example shows.
https://www.packtpub.com/books/content/how-mine-bitcoin-your-raspberry-pi
Radish the wordsmith over 6 years ago
If you had bought a 100 dollar bit coin when it started, you would have 22 million now.