Monday, April 08, 2013

Bitcoin Wallet



So I am now the proud owner of a Bitcoin Wallet. Ah ha, I can hear you, "WTF is a Bitcoin Wallet?" Not so easy to explain, but....Bitcoins are a new, virtual currency that can be used to buy things or pay people for services instead of using dollars or euros, or what ever currency you normally would use for those transactions. The Bitcoin Wallet is a virtual bank account in which you keep your Bitcoins (if you can figure out where to get them) and it is the place from which you make and/or receive payments for goods or services. I'm not totally familiar with the whole thing yet because it's rather complicated and I have yet to find any place that accepts Bitcoins as payment, although I've read that there are a lot of them. Another thing I don't quite understand is how they can be valued like dollars or euros, but according to the latest information, a Bitcoin is worth about $172, and people are 'collecting' them. Some have even suggested that they may eventually do away with the actual physical currency that we now use. I have my doubts about that, but who knows? If you want more information, Google "Bitcoins" or check out the Bitcoin Wiki.

  
  
  
  

Dumb Law of the Week: In Oklahoma, it is illegal for people to make "ugly faces" at dogs and they may be fined and/or jailed.

À la prochaine, mes amis.

1 comment:

Peter Olson said...

Better be a bit careful … in 2011 the bitcoin value suddenly dropped from 30$ to 2$... In April this year the value suddenly dropped from 206 to 105$ before reaching 160… Tough to speculate and buy sell at the right moment!