Bitcoins

JohnRo

I don't have that sort of information, it's only a minor hobby of mine.

this might help.
http://blockchain.info/charts

cepheus

Tulipmania!

lesstoinvest

I just tried to sell the bitcoins I bought for £100 a year ago, shocked to find they are now worth £1800, but it seems that the site I bought them from Mt.Gox, doesn't let you cash out to GBP.

Ho hum, keep on piling in folks.

cepheus

Bitcoins: The Dangerous Alternative to Offshore

JohnRo

cepheus wrote: »

Bitcoins: The Dangerous Alternative to Offshore

What a load of pretentious drivel.

Jonbvn

merlingrey wrote: »

I get rid of cash almost immediately on payday either by investment, purchase for personal sustenance or things i need and maybe on occasion the odd stock up on dry and tinned goods.

You sound like a barrel of laughs.;););)

sabretoothtigger

To be fair most people get rid of their cash on payday and very soon after, an investment in calories via beer and pork scratchings is the usual investment strategy. Dividends are variable


http://www.telegraph.co.uk/finance/economics/9976524/Russians-most-interested-in-Bitcoin-searches-show.html

Russia is the country now performing the most internet searches for the term “Bitcoin”, according to Google figures, followed by Estonia, the United States and Finland. The UK is not in the top 10.

old blighty too sceptical or maybe russia is just more desperate?

cepheus

A trojan that can hijack a computer and force it into mining for Bitcoins - the virtual currency - has been spreading via Skype

according to this

if you computer crashes and you do not have a copy of your wallet.dat file, you will lose all of your Bitcoins. They won’t go to someone else, they will disappear forever. It is like burning cash.

http://startbitcoin.com/

isofa

zerog wrote: »

Moore's law isn't really true any more, relates only to clock speed

It most certainly doesn't – in fact it doesn't relate to clock speed at all. Moore's law has always referred to the number of transistors on an integrated circuit chip, doubling every two years (according to Gordon Moore from Intel)... I spent years studying this at University! Although the "law" is slowing down, it's still a pretty good prediction seeing it was made 40 odd years ago.

Don't forget, using powerful graphics cards in parallel can make what was thought impossible by home PCs a few years ago easily possible, breaking all manner of codes and encryptions.

KrisWragg

lesstoinvest wrote: »

I just tried to sell the bitcoins I bought for £100 a year ago, shocked to find they are now worth £1800, but it seems that the site I bought them from Mt.Gox, doesn't let you cash out to GBP.

Ho hum, keep on piling in folks.

There are several ways to sell your bitcoins other than MtGox.

For example, you can sell them via localbitcoins.com direct to other people via their escrow service that protects both buyer and seller.

Also you can sell on bitcoin-central.net in Euros and make a SEPA transfer to your UK bank account, which will then be converted from Euros to GBP by your bank. You can also do this with MtGox but they charge fees for the wire.