That new "Bitcoin" currency is simply somebody selling "data"
and calling it a "virtual currency" coin.
So a "bitcoin" is one data unit or "Bitcoin" word. This is missleading using the word.... 'bit" ....because it's not any "part of" anything. The false coin is ONE unit, no parts.
The term "bit" is also misleading in relation to it maybe being computer related?. It is non of the sort and is mearly a word they chose to use. It's just 'data" and a word....."bitcoin".....
So, if you like, people have just shrowded, the real goings on
of the fact they just dreamed up a new currency which isn't
a currency at all because it does not exist. That makes it a "virtual
currency" and guess what....you got it...."virtual currency's"
don't exist.
The way they make profit from you is they take REAL money from you and give you back some information
only in the form of a "Group of unit words" = 50 Bitcoin(s).
"We the bitcoin organisation
( "bitcoin" ) are telling you that your real money we "like"
and we are telling you that this information we sell you ...... ***we give value*** to that information called the BITCOIN word.....this is what you have to listen to and it is worth what *we* say it is worth.
All the traders who signed up with BITCOIN us also "agree" that
our "one word of data" the "bitcoin' they also recognize as
having value attached to it. (which if course, it does not...it's
just data. PopcornDARTS = i say is worth twenty bucks.
The shrowding of this inside the world wide web as "vapour
information' is just what it is. It never existed, never will exist
and does not have any value at all....
There are many ways they say you can "buy" bitcoins they say
and you can using real cash, (some "bc" ATM machines)
and the normal way to buy them is simply from installing
the Program on your PC and getting a purchase of bitcoins if you
offer up some of your computers "processing power" for the program to grasp for a set period of time. That's the deal.
Global people who have the system installed can
put the program to chat to other similar people with
the copy of the program. THey can "exchange" bitcoins which
isn't the same as buying them.
and on it goes
The idea of gathering wasted technology resources is absolutely fantastic...but it's not clear what's done with the processing power
.......where-as other ideas like this gather the internet cloud processing power and study weather and make good effect with it
that's my 2 bitcoins worth.......there
Vince
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