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RE: Ripple's Market Capitalization Tops 11 Billion USD, Could This Become The Biggest Bubble Yet?
the whole bitcoin world is fascinating to me , my concerns are in the timing, it greatly resembles a ponzi scheme so if you can get the timing right you can make a killing, the trick is to not be a kevin bacon.
It resembles a Ponzi scheme until you get a full understanding of why and how Bitcoin works. There are some coins that are definitely comparable to Ponzi schemes, but Bitcoin as a whole is something different. Just keep trying to learn and gain as much knowledge as you can and you'll get the hang of it all pretty quick
i love the idea of it , the reality that currency is really nothing more than a set of code on a machine is hard to wrap your head around, and trying to find the next bitcoin is worth throwing a couple of dollars at, i am still trying to figure out the conversion quandry, and how that will be taxed if it is taxed at all.
Why it's hard to wrap your head around it? Do you have a bank account? Do you use a card to pay online or in shop? That's your currency stored as a set of code on a machine just in a manner we humans can read it easily. You could quite easily store your $14.45 as 1110.01110011001100110011 :)
The underlying technology behind it thought it's another story.