Tuesday, December 3, 2013

"Bitcoin Jesus"

34 Year Old Robert Ver Bergan invested in Bitcoin in 2011 when the price was right around $1 per Bitcoin. Now with prices currently hovering above $1,000 he is a virtual millionaire. Because of his wealth, he has earned the nickname "Bitcoin Jesus."


Here's the full article: http://www.cnbc.com/id/101237537


I don't understand the big fuss! IT IS VIRTUAL MONEY! It's not real money. The most you can do is sell them to receive an Amazon or iTunes gif card. Nobody accepts them as cash. I can't believe that this has caught on and people are actually buying and selling these things. To me this is like a Wall Street Banker trying to buy my Monopoly money from me. It's only real value lies in the gift cards, you can at least, in turn, use them to purchase things. How idiotic are the sites that are exchanging these gift cards for Bitcoins. They're just losing money.

Overall it's just people exchanging money for no reason. You can't just create a new currency. The only way Bitcoin could actually be effective is if the government got involved to somehow give them worth. But until then, I don't see any major business using them.

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