[LPW #65] Ehh~!? Why do I have to?? Okay Fine!!!

[FinalPyre]

Heya Rena. Don't think I've seen you around before, even though you registered before me? :)

 

[Ghost Kitty~]

Hmm... so theyre trying to make a universal currency now? xD

Hellos para~

 

[FinalPyre]

Well they've kind of made it already. It has been around for years. But yeah if all countries accepted it, then it would be kind of a universal currency, especially for online stuff I think. :)

 

[1RenaRyuuguu]

I disappeared for like 8 months?
I've just got back not to long ago.
Whats good sam?

 

[Ghost Kitty~]

Hmm... typing dreams as fast as i can but itll take a while =w=

Do they have their own store of gold sitting around or something? O.o

 

[FinalPyre]

Do they have their own store of gold sitting around or something? O.o

No, that is the idea of it, if I understand correctly. The bitcoins are an imaginary existence of themselves. Represented by nothing but numbers, so they can never depreciate in value, unless they decide to make more of them. The servers "mine" for bitcoins or something like that when they wanted more, I think.



Also this is beautiful:

 

[Ghost Kitty~]

So the currency is only dependent on however many accept them and how much their company is worth?

 

[FinalPyre]

From what I understand the currency is based on the number of coins they have made. I'm not exactly sure how it works, but it is like how Countries print pieces of paper and call them money and say they are worth a certain amount. They keep printing more to satisfy demand and so that the government can spend it, but in turn it becomes worth less to other countries because there are now more bills, and thus their currency is less scarce. Something like that.

 

[Ghost Kitty~]

Mehs its sort of just another currency then :/ But now theyre worth as much as germany bothers with..~

 

[FinalPyre]

Well many places online allow you to buy with them already. The main idea is that will all of your other money is constantly depreciating due to inflation, bitcoin will stay just as strong.

 

[Ghost Kitty~]

But bitcoin can possible inflate? :/

 

[FinalPyre]

Possible, but the idea behind it is that it wont. Not sure of all the system behind it, I only looked into it a little bit a long while back.

 

[Ghost Kitty~]

Hmm... guess its going to be a somewhat limited currency until more countries accept it...

 

[FinalPyre]

Well yeah. I don't even know what Germany accepting it even means. I'm not sure how you would use it in stores other than online...

 

[Ghost Kitty~]

Lol unless they start printing? ;p Or maybe itll be fully credit cards and stuff...

 

[FinalPyre]

I'm guessing they will keep everything digital.

Maybe there are bitcoin cards? I would have to look it up, but I am too busy looking other things up!

 

[Ghost Kitty~]

Lol xD Hmm... a digital currency.. i wonder how they would keep people from... creating fake bitcoins? xD

 

[FinalPyre]

I'd assume this is made and run by people who very much know what they are doing. Probably with a similar system that helps protect against credit fraud.

 

[Ghost Kitty~]

Lol yeah they would probably need to know what theyre doing if they were to get accepted...

Gahh firefox is screwing over on meh =w= Freezes for a couple seconds every couple seconds and then randomly messes with my tabs...

 

[FinalPyre]

They have also been established for a good many years now, so any kinks should be long gone.


That doesn't sound fun. Swap for chrome for a while? Though FF does do a way better job of handling tabs :/

 

[Ghost Kitty~]

Lol i suppose xD

Hmm... yeah... getting a bit annoying... >< now its freezing as well..

 

[FinalPyre]

You mean chrome is also freezing? Check what your CPU is up to, and how your RAM looks.

 

[おぎくも]

humu humu sou sou...

 

[Ghost Kitty~]

Hmm no just firefox =w= it freezes when i play games...

 

[Alice Rei]

...... Hi ?