13 May 2013

Bitcoin? It's Here.

It's here. Virtual currency has been introduced by Amazon.com

Whether 'tis Nobler in the mind to suffer the Slings and Arrows of outrageous Fortune...

From Highlight Press:
"According to their website, 'Bitcoin uses peer-to-peer technology to operate with no central authority; managing transactions and the issuing of bitcoins is carried out collectively by the network. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment systems'."
Or to take Arms against a Sea of troubles...
"They also announced that Appstore developers will earn 70% share of revenue with purchases made using Amazon Coins."
And by opposing, end them...

The Motley Fool warns of investing:
"The relatively new currency of bitcoin recently peaked to a value near $240 per bitcoin from less than $20 at the start of the year. This 1,200% return in less than five months would pique anyone's interest. Many call this a bubble, while others are still bullish on the possibilities of an even richer bitcoin. No matter what side you are on, beware of these bitcoin-specific risks that other traditional investments lack."
To die, to sleep no more... 
A poor investment idea:
"Bitcoin might be fun to gamble on, but as a long-term investment, its current reliance on the largest bitcoin exchange makes it iffy at best. One of the important aspects of bitcoin is its distributed nature, but in its infancy, it has yet to fully realize that value due to a lack of trusted exchanges.
 To sleep, perchance to Dream...
"It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies." 

 Aye, there's the rub.

Any value of any item comes down to what someone will actually pay for it. 

My take on the whole idea of bitcoin provided by William Shakespeare.

Let Me Know What You Think!

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