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After going to their website and reading their FAQ in its entirety, I am still confused. Why would anyone dream of offering goods, services, or other currencie

• mquander 16y ago
  http://en.wikipedia.org/wiki/Money http://en.wikipedia.org/wiki/Money "The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment."
• maushu 16y ago
  Why would anyone dream of offering goods, services, or other currencies in exchange for "paper"?
• sgornick 16y ago
  Here's why. It is late winter right now -- that means it is conference season for the payment networks that you use today. One of the next ones is at http://www.fontainebleau.com http://www.fontainebleau.com That's where some of the money earned from each transaction where you pay with a credit or debit card is going. On the flip side, Bitcoin's transaction network is operated openly -- anyone can become part of the Bitcoin "payment network". Here's an example of where the costs for that are going: http://www.bitcoinminer.com/post/3441032109/bitcoin-mining-operation http://www.bitcoinminer.com/post/3441032109/bitcoin-mining-o... So you decide. Do you want your money going to the Executive VP-Payment whatever dickwad headed to Florida or going to the dude trying to make a living running a server farm out of his kitchen.