The topic I would rather talk about is the situation that’s taking place in Georgia with the Senate race, and then of course whatever madness is going to happen on Wednesday. But, since we don’t know the outcome to either, I’d like to just take a minute and chat about Bitcoin for a minute.
by Bob Rinear
The International Forecaster
The topic I would rather talk about is the situation that’s taking place in Georgia with the Senate race, and then of course whatever madness is going to happen on Wednesday. But, since we don’t know the outcome to either, I’d like to just take a minute and chat about Bitcoin for a minute.
If there was anyone that missed the whole bitcoin thing, it was me. When it was first introduced, it was dirt cheap, and I remember all the fanfare there was way back then, when someone actually conducted commerce with them for the first time. One guy actually made the news because he bought a Pizza for 13 bitcoins.
Today his 13 bitcoins would be worth 409,000 dollars. Something tells me he regrets spending his coins way back then.
So, why didn’t I hop onto the bitcoin train? Stubborn. Old school. I just didn’t see how it was any different than monopoly money. They say it’s backed by scarcity. That there’s only so much of it, and that’s why it will be so valuable.