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What's this?

You have to mine them and it takes a ton of time and some very

very powerful machines, but its value is based on nothing but what someone else will pay for it.

(In response to this post by Hokie360)

Posted: 11/28/2017 at 3:25PM

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Current Thread:

Bitcoins... are you in? -- HokieSignGuy 11/28/2017 2:00PM

Doesn't know what bitcoin value is based on -- Hokie360 11/28/2017 2:23PM

What are the prime factors of 239,811,550,222,331 (and that's an easy one) -- jmanatVT 11/28/2017 4:20PM

You have to mine them and it takes a ton of time and some very -- fordham 11/28/2017 3:25PM

Because it doesn't work that way. ** -- Hokie5150 11/28/2017 3:09PM

Why is gold valuable? Similar reasons. ** -- HokieNoVA 11/28/2017 2:45PM

Gold has legit uses -- GoobyPls 11/28/2017 3:36PM

Actually I'll take that back, it's useful for criminal activities -- GoobyPls 11/28/2017 3:38PM

Monero is better for that activity if you want to truly stay anonymous. -- Hokie1744 11/28/2017 10:25PM

That is exactly what I thought when I read about them. -- HIXBURGHOKIE 11/28/2017 4:06PM

Bitcoin is a finite "resource" with a limit of 21 million bitcoins. -- vtbones 11/28/2017 2:26PM

Assuming you took steps against fraud/hacking -- HWA 11/28/2017 2:13PM

Yeah, a lot of people lost their bitcoins in 2014 -- I85Hokie 11/28/2017 5:17PM

I feel like the people who held were the ones who forgot where -- HokieSignGuy 11/28/2017 2:37PM

Nope. I never invest in something I don't understand. -- RoswellGAHokie 11/28/2017 2:02PM

Agree, "bitcoin mining" -- Hokie1992 11/28/2017 11:31PM

Gov't has been making "currency out of thin air" since -- Hokie5150 11/28/2017 3:10PM

The backing of the world's hegemon matters a little. ** -- Manbearpig 11/28/2017 8:20PM

True, but the dollar does have the backing of the world's strongest -- Hokie360 11/28/2017 5:43PM

I don't understand it either ** -- `lag 11/28/2017 2:31PM

So I take it that you never married 🤣 ** -- TheNuke 11/28/2017 2:04PM

Yeah I have....got burned doing that too! Third time is a charm.... ** -- DonHo-kieHi 11/28/2017 2:39PM

Marriage is not an investment, it's an expense. ** -- Hokie in CT 11/28/2017 2:11PM

Sinking fund ** -- TomTurkey 11/28/2017 2:29PM