Cryptocurrency

[BR14]

I get this feeling that blockchain is the new XML. A solution they throw at every problem that doesn't actually solve the problem in the most efficient way.

The bearded hipster of the IT community.

I'll hold my hands up as being proved wrong when you're all billionaires having somehow cashed out of the ponzi scheme and have more than just paper wealth.

yes, that's the bit i don't quite get. - how do you convert back to cash??

[saptastic]

Might dip my toes in the water - Worth it on ethereum ?

[BrilloPad]

yes, that's the bit i don't quite get. - how do you convert back to cash??

Cash is dead. Cryptocurrencies are the future

[BR14]

Cash is dead. Cryptocurrencies are the future

ah, so you can't then. what's the point of money you can't spend?? sounds like one huge con to me. i think i'll stick to cash.

[BrilloPad]

ah, so you can't then. what's the point of money you can't spend?? sounds like one huge con to me. i think i'll stick to cash.

You have a huge faith in cash! You cannot eat it.

At the end of the day its a measure of faith. Its quasi-religious.

Property, gold and shotguns are far better...

[BR14]

You have a huge faith in cash! You cannot eat it.

At the end of the day its a measure of faith. Its quasi-religious.

Property, gold and shotguns are far better...

you can buy food,property and shotguns with cash.

[BrilloPad]

you can buy food,property and shotguns with cash.

Only while there is faith in cash.

[FrontEnder]

yes, that's the bit i don't quite get. - how do you convert back to cash??

You sell them on an exchange for cold hard FIAT currency.

[Jog On]

You have a huge faith in cash! You cannot eat it.

At the end of the day its a measure of faith. Its quasi-religious.

Property, gold and shotguns are far better...

I wonder how gold would work as a currency. Would you have to chisel little bits of it off the bar to do the grocery shopping?

[tomtomagain]

I wonder how gold would work as a currency. Would you have to chisel little bits of it off the bar to do the grocery shopping?

I think we should use Rai stones. Much more civilised.

Some of these stones weigh hundreds of kilos and one ended up at the bottom of the ocean whilst being transported. So they are not ideal for carrying to Tesco.

This is not a problem though, as the islanders of Yap just decided that having an oral "ledger" of who owns which stone would be sufficient to allow them to be used as currency.