dnalroct
26 May 2014
News / Bitcoin Embassy Launches In Poland's Capital Warsaw [37]
Sir Richard Branson(billionaire) is a serious investor, no? He is part of a group that just invested $30 million into a bitcoin company. And your points about no governement backing , limited supply make bitcoin that more appealing.
bizjournals.com/atlanta/blog/atlantech/2014/05/branson-invests-in-bitcoin-startup.html?page=all
And the myth that bitcoin has no intrinsic value:
Bitcoins have no intrinsic value (unlike some other things)
This is simply not true. Each bitcoin gives the holder the ability to embed a large number of short in-transaction messages in a globally distributed and timestamped permanent data store, namely the bitcoin blockchain. There is no other similar datastore which is so widely distributed. There is a tradeoff between the exact number of messages and how quickly they can be embedded. But as of December 2013, it's fair to say that one bitcoin allows around 1000 such messages to be embedded, each within about 10 minutes of being sent, since a fee of 0.001 BTC is enough to get transactions confirmed quickly.
en.bitcoin.it/wiki/Myths#Bitcoins_have_no_intrinsic_value_.28unlike_some_other_things.29
Please educate yourself before you go poppin' off your mouth.
Sir Richard Branson(billionaire) is a serious investor, no? He is part of a group that just invested $30 million into a bitcoin company. And your points about no governement backing , limited supply make bitcoin that more appealing.
bizjournals.com/atlanta/blog/atlantech/2014/05/branson-invests-in-bitcoin-startup.html?page=all
And the myth that bitcoin has no intrinsic value:
Bitcoins have no intrinsic value (unlike some other things)
This is simply not true. Each bitcoin gives the holder the ability to embed a large number of short in-transaction messages in a globally distributed and timestamped permanent data store, namely the bitcoin blockchain. There is no other similar datastore which is so widely distributed. There is a tradeoff between the exact number of messages and how quickly they can be embedded. But as of December 2013, it's fair to say that one bitcoin allows around 1000 such messages to be embedded, each within about 10 minutes of being sent, since a fee of 0.001 BTC is enough to get transactions confirmed quickly.
en.bitcoin.it/wiki/Myths#Bitcoins_have_no_intrinsic_value_.28unlike_some_other_things.29
Please educate yourself before you go poppin' off your mouth.