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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (103821)11/29/2013 2:27:24 AM
From: Haim R. Branisteanu1 Recommendation

Recommended By
Paxb2u

  Read Replies (1) | Respond to of 218161
 
The whole issue of Bitcoins is not much different from the Tulip Mania in Holland or any other Ponzi scheme.

Some proprietary cyber code package is trading at imaginary prices which otherwise would have no intrinsic value.

The only people that will make money out of this mania are those that convert the Bitcoins into tangible assets and those making the specialized computers

Some smart man once declared that history does not repeat itself it only rimes.



To: TobagoJack who wrote (103821)11/29/2013 3:49:06 AM
From: Snowshoe  Respond to of 218161
 
Weird...

Missing: hard drive containing Bitcoins worth £4m in Newport landfill site
theguardian.com

Alex Hern, technology reporter
The Guardian, Wednesday 27 November 2013 11.00 EST

Buried somewhere under four feet of mud and rubbish, in the Docksway landfill site near Newport, Wales, in a space about the size of a football pitch is a computer hard drive worth more than £4m.

It belonged to James Howells, who threw it out when he was clearing up his desk in mid-summer and discovered the part, rescued from a defunct Dell laptop. He found it in a drawer and put it in a bin.

And then last Friday he realised that it held a digital wallet with 7,500 Bitcoins created for almost nothing in 2009 - and then worth about the same.

"You know when you put something in the bin, and in your head, say to yourself 'that's a bad idea'? I really did have that," Howells, who works in IT, told the Guardian. "I don't have an exact date, the only time period I can give – and I've been racking my own brains – is between 20 June and 10 August. Probably mid-July". At the time he obliviously threw them away, the 7,500 Bitcoins on the hard-drive were worth around £500,000. Since then, the cryptocurrency's value has soared, passing $1,000 on Wednesday afternoon.