Some co-workers have gotten into it. I only have the most basic understanding of what it is and how it works, so I asked them to explain to me what it was and why it was a good investment. Blank stares all around.
I know enough about it to know it's not for me. It's a total fabrication, "fake" as you say.
Since this thread got posted I've been reading more about it and it hasn't changed my mind. If anything it just increased the "WTF?" factor for all of this that I already had.
My middle brother tried to get me into bitcoin several years ago. At the time it was about $100-150 a coin... I repeatedly declined not knowing what all the fuss about it would later turn into. Sould have snagged a few coins back then, I would've been able to turn a nice profit earlier this year.
2002 Miraphone 187
1956 Conn 20J
1967 Conn 20J - For Sale
1967 Conn 24J
19?? Universal Eb Sousa
It depends on the nation. Ours is most certainly today. In the past we were on the silver or gold standards, fixing our currency to a specific weight of a metal and assigning a value to that. Today? It's just paper that we devalue further with each new printing if old money in the same amount is not collected for destruction. Compared to our money just 50 years ago it is of little value now.
So, Pachy, are tubas better investments than bitcoins ?
Yamaha YEP-642s
Boosey & Hawkes 19" Bell Imperial EEb
More likely it would be a couple hundred bits, today.
wikipedia wrote:The choice of 1⁄4 as a denomination - as opposed to the 1⁄5 more common elsewhere -originated with the practice of dividing Spanish milled dollars into eight wedge-shaped segments. "Two bits" (that is, two "pieces of eight") is a common nickname for a quarter.