Bitcoin. Seems like lots of people are talking about it recently. Some extolling its virtues, and others screaming "Scam!".
I finally started accepting Bitcoin a while back- at a good time, it would appear.
Now, I am still not convinced that Bitcoin is as wonderful as some seem to think. I may be wrong, and that would delight me.
My suspicions center on a couple of things:
Bitcoins are not based on anything tangible. You can't hold a Bitcoin and turn it over in your hands. This may not bother people accustomed to digital FRNs in their bank account, but it does bother me a little. Anything digital can vanish without a trace- without you even doing anything negligent to lose it. Maybe the digital world will keep getting more robust so that this will become a complete non-issue. Other than government records, I would like to see information become impossible to accidentally lose.
The second part of my suspicion is less justifiable- I don't completely understand them. Yeah, I have read volumes of stuff and watched numerous videos, but my ignorance must go deeper than mere information can fix. Perhaps it's because I am more of a "stone knives and bearskins" sort of person, and not a computer geek.
Still, I don't like keeping all my eggs- or money- in one basket. So I will keep dabbling in, and accepting, Bitcoin to see where this ends up. It's good entertainment anyway.
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