[HH] Bitcoin mining hardware

[Jack Coats]

When people want 'steady value', it still takes a market to make it and to
assign the value.  Gold has historically been the item that is valued
universally.

If Bitcoin or any other currency (or rock, or piece of paper, or anything
else) is meets the definition and needs of the users, it can be used as
their 'money'.  Isn't it Easter Island where big round rocks with square
holes in them are 'money'?  Not real transportable, but if folks will take
it in trade, it is still a money.

A money is an artificial human invention, just designed to reduce the
burdens of the barter system.

><> ... Jack
Whatever you do, work at it with all your heart... Colossians 3:23
"If you are not part of the solution, you are part of the precipitate" -
Henry J. Tillman
"Anyone who has never made a mistake, has never tried anything new." -
Albert Einstein
"You don't manage people; you manage things. You lead people." - Admiral
Grace Hopper, USN
Life is complex: it has a real part and an imaginary part. - Martin Terma


On Thu, Apr 18, 2013 at 1:50 PM, Ben Eisenbraun <bene at klatsch.org> wrote:

> On Thu, Apr 18, 2013 at 01:14:44PM -0500, Greg London wrote:
> > So, I do some math, I find some number, and everyone
> > calls that a "coin"?  These "coins" would be, in my
> > estimation, be worth less than a penny per "coin".
>
> You can trade 1 Bitcoin for $96 USD right now on Mt. Gox.
>
> So... yeah.
>
> -b
>
> --
> it is easier to suppress the first desire than to satisfy all that
> follow it.                                     <benjamin franklin>
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