View Single Post
Old 03-23-2014, 08:47 AM  
dyna mo
The People's Post
 
dyna mo's Avatar
 
Industry Role:
Join Date: Dec 2008
Location: invisible 7-11
Posts: 65,028
the analogy/explanation doesn't really work. A painting, any painting, has value in the supplies used- paint, canvas, frame, etc. I can hand a painting to you. you can touch a painting.

I can't hand you a bitcoin.

bitcoin is simply an experiment in peer-to-peer currency for simplifying transactions. if a group of people can agree amongst themselves that bitcoin is a trusted medium of exchange, then a value for bitcoing is determined amongst them and business transaction happen. no big deal.
dyna mo is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote