[dba-Tech] Bitcoin

Hi Stewart:

It was good that you caught that...only noticed it after the emial was sent.
;-)

Jim

-----Original Message-----
From: dba-tech-bounces at databaseadvisors.com
[mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of Stuart McLachlan
Sent: Tuesday, March 26, 2013 9:49 PM
To: Discussion of Hardware and Software issues
Subject: Re: [dba-Tech] Bitcoin

But beware of widely fluctuating exchange rates between BCs and other
currencies.   

It is not limited to $20 million (as in dollars) - there is a maximum number
of bitcoins that will 
ever be created and since there will be a continuous loss of BCs from
various causes, there 
will over time be fewer and fewer of them in circulation.  That means that
in theory, they will 
continue to appreciate in value against other currencies.


-- 
Stuart 

On 26 Mar 2013 at 20:30, Jim Lawrence wrote:

> Hi All:
> 
> For those who have to transfer money from country to country, want a
degree
> of security, don't want to be hammered with exorbitant fees why not try
> BitCoin. 
> 
> http://informalprotocol.com/2013/03/bitcoin/
> 
> There are a number of similar projects on the way as Bitcoin and others
have
> a maximum amount for the particular agreement of around $20 million. When
> the amount has been reached the service is then closed to but only the
ones
> that purchased initially. 
> 
> The product, Bitcoin and its forks are all OSS so the security is
superior,
> can not be hacked and allows those buying in the ability to transfer funds
> and purchase products anywhere in the world. There is a maximum any one
> person or entity can purchase so no individual or groups if individuals
can
> cease control. How this product works out in the future is yet to be seen
> but so far there have been no complaints, other than from various banking
> concerns and governments...but really who cares about them...it is almost
a
> vote of confidence in the technology.
> 
> Jim    
> 
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