You can use it to pay for things with .
But you would need an awful lot of change wouldn’t you Muddy??
maybe that’s its main purpose??
as in money laundering?
Donkeyman!
According to 28 things you didn't know you could buy with bitcoins - CNET
you can buy …
Lap dances in Las Vegas
Brazilian butt lift surgery
Guns from Central Texas Gun Works
Etc
I cant see how an alternative currency can work with out official governement support.
There are big institutions driving the price up and the snot nose early adopters are besides them selves in excitement if not hysteria. ( No sour grapes here squire)
Can you imagine when it was launched and only a penny or two per coin.
I think Id be Samba-ing up and down Oxford street with my blow up doll and platform shoes.
Well, whatever ‘floats your boat’, as the saying goes – everyone to their own! 
Interesting that you mentioned this. The tech-savvy husband of a hairdresser in my salon purchased a bunch of miners years ago and rewrote the software to help find coins faster.
He has been flying frequently to many places for business meetings, including Vegas, Cabo, Germany - you name it. After his wife started wondering why she and their young daughter were never invited, she found he was renting a house in Vegas, bought a limited edition Corvette, was taking photos of him and his buddies at orgies funded by fellow miners, and drinking and to blackout conditions.
He lost a lot more than he has made.
I looked into it but couldn’t work out how you ‘mined’ it.
All I got was a load of harassing cold callers for months after !
My son was paid for some work he did by bit coin.its wasn’t much about half a bit coin . He forgot all about it until I mentioned it to him and now it’s worth about £12k
Agree. In effect, it’s an artificial market.
Yes they’d better get shot of em pretty quick then, before the big crash
comes xirrpy !!
There’s a time to reap and a time to sow!!
Donkeyman!
Do you remember the milk culture scam in SA a few years back
Minx ??
Donkeyman!
Tell him to SELL Muddy !!!
Donkeyman!
£30k !
It doesn’t make sense.
Maybe I have a similar expression of doubt as whenpeeps were urged to accept paper money to replace …tally sticks or silver/gold.
I have to believe its just confidence and self reinforcing hype, unless there is official/state guarantee/ backing.
Im guessing with respected institutions piling in, apart from the fact that they are gambling with investors money, they are counting on getting too big to fail. Holding enough investors to ransom that the state is forced to adopt a position.
Is that possible?
Proponents think it will hit 7 figures eventually.
They crow that its a just transfer of wealth from Boomers that have had it too good at the expense of generation… z
This fekkin world is getting crazier by the week
It’s definitely transfer of wealth of some kind xirrpy !!
Donkeyman!
Yes, it was known as the Kubus scheme - the notorious rotten milk pyramid scheme that took South Africa by storm in the early 1980s.
Back in the 1980s, Nieuwoudt raised millions of rands through his “milk culture” project and thousands of South Africans fell for it, furiously buying the mixture of cheese and milk culture from Nieuwoudt, “growing” it in glasses and then drying it into a powder to re-sell to Nieuwoudt and recruiting others to do the same, in a classic pyramid scheme.
At the time Nieuwoudt claimed that he needed vast quantities of the dried powder to develop a skin cream product. However, there never was such a product and investigators found that the milk culture was simply a cover for a pyramid scheme. Tons of dried milk-culture were found rotting in a shed.
He was sentenced to 9 years in jail but only served one year.
Let alone alternative currency and alternative investments, the latest craze is called Impact Farming and it differs from traditional investing, as you don’t invest in companies or stocks - but rather the actual item that is generating the revenue.
There is 3 categories and you can buy the actual item (solar panel, blueberry bush or bee hive) and get returns when harvesting time etc. Each one has different times they pay out and frequency they pay out too.
I’m waiting to see how this impact farming investments pan out.
That was here in the uk as well …or a version.
I was looking over a house to buy, a decrepit old detached slum. The weirdo householder with some hesitancy, explained away the strange mould cultures drying in a cupboard. Not sure if they had the pet crow that kept attacking me in the garden.
Wheres this …Nigeria? 
Oh no, South Africa.
Basically, you buy a beehive or a tree or a solar panel or two…:shock:
So, did you buy the property or run!
Something better come up- it was all so long ago- a life time-chasing dreams…and then when you get there- [thinks] was it f;ing worth it.