Bitcoin
More like Shitcoin...:
http://www.msn.com/en-gb/news/techandscience/inside-the-dumb-civil-war-between-bitcoin-and-bitcoin-cash/ar-AAvPZuu?li=BBoPWjQ&ocid=iehp
the Bitcoin Cash coalition favors the use of its currency as a medium of exchange for commerce. “The generic saying Bitcoin Cash people like to say is, Will my Grandma be able to use it?’” Cory, the co-host of the podcast The BCH Boys and organizer of the NYC Bitcoin Cash Meetup, who asked that only his first name be used, told me in an email.
By contrast, the Bitcoin coalition is generally friendlier to cryptocurrency investors and less concerned with everyday payments. “Bitcoin is a store of value, first and foremost,” Michael Moro, the CEO of Genesis Trading, which brokers Bitcoin trades for institutions and large investors, said in an email. “I don’t think it’s very useful currently for payments, for a whole host of reasons.”
...and for an extremely good reason.
Even when it's just laying there in the vaults of Fort Knox & the Federal Reserve Bank, Gold is serving a purpose.
I can take gold to a jeweller, pawnbroker etc: even Sovereigns, Britannias etc to a major bank, and sell it for cash which I can use to buy things in shops: because that currency is supported by that same Gold I've just sold. Question:
Can I withdraw Bitcoin notes from my bank's cash machine, and spend such at my local convenience store to buy bread, milk, tea etc?!
Let us know when I can, Eiverd Bilge. But we won't hold our breaths.
Not when your 'Passion' can't make something as conceptual as '0's & '1's become as real as Dollars, Euros, Pounds Sterling etc: or just as practical.
@Doubting Thomas
The Bitcoin bubble has largely burst and is still in decline
...and with the 'Mining' of such involved - coupled with how unstable Shitcoin is on a day-to-day basis: relative to the stability of actual currencies - and with the tech involved in the process, the only ones who have actually profited from this insanity are NVidia & ATI: the GPUs of their high-end graphics cards used in that 'Mining' of what is non-existent: and always will be, unlike actual currencies backed up by something as ultra-real as Gold.
Because when that Shitcoin crash actually happens - as you know it will; remember the 'Dot Com' one - imagine all those 'Mining' farms with rack upon rack of graphics cards* & controlling hardware just abandoned. Meanwhile, NVidia & ATI still have their money: as in Dollars, Euros, Pounds etc. Real.
And those graphics cards companies' owners, Intel & AMD, don't care what people do with their products once they're paid for with actual money: fit into actual computers used for gaming etc: or for something as ultimately pointless as Shitcoin mining, it's all the same to their shareholders: who get their dividend returns in Cold. Hard. Ca$h.
*- It's why graphics cards have risen in price of late. But when that crash happens, then so will the price of those GPUs. Still, those who started said 'Mining' farms will be able to sell them on, say, eBay. At a loss.
And much Schadenfreude will be had by those whose passion for Shitcoin was their desire to see it FAIL: along with those who were 'Passionate' about such equally FAILing.
Because those who did similarly with Shitecoin, Dogeshitcoin etc will equally see theirs become just as 'useful', nay, valuable. Amirite...?!