You people do realize that the people who got into it at the beginning made hundreds of thousands of dollars, if not more, right?
You should see how much people make when they're ahead of real investment booms. --- -Why is there yogurt in this cap?! -It used to be milk, but, well, time makes fools of us all. (cookie for reference)::160 cookies given thus far::
#22g7g7g7g7Posted 10/25/2013 9:59:15 AM
Less than 1. It comes out to about 20 dollareydoos.
Probably about the same maybe 1.2 BTC and a couple of litecoins. --- You never see people quoting each other in sigs anymore. - Adam Laz
#23akuma634Posted 10/25/2013 10:56:41 AM
I don't bother with phoney s*** coins. The problem is that nobody is using it as legal currency, people just buy it as a half assed investment and sell it as if it was a stock. Currency wasn't made for that. So you have most people just buying it to sell it and the people that do use it to buy things are mostly using it for drug transactions, child porn, and other very illegal things. --- http://www.last.fm/user/akuma634
#24ShadowThaReaperPosted 10/25/2013 11:05:31 AM
people just buy it as a half assed investment and sell it as if it was a stock. Currency wasn't made for that.
The problem is that nobody is using it as legal currency
You don't know what "legal tender" means, do you? The only currency that can be "legal" (recognized by a government) is currency that is backed by a government. This does not mean that other currencies can't exist (they do), or that people cannot trade with or create new currencies (we can and we do).
You cannot use currency not recognized by a government as "legal tender", but you can trade in any currency or via barter all you want. All you need are people willing to trade with said currency.
For example, I once traded 10 chiropractic visits for me fixing my chiropractor's computer. --- It is a capital mistake to theorize before one has data. ...one begins to twist facts to suit theories.... Sir Arthur Conan Doyle