[silk] Bitcoin

[Alaric Snell-Pym]

On 05/16/11 21:07, Sirtaj Singh Kang wrote:
>
> On 16-May-11, at 9:34 PM, Alaric Snell-Pym wrote:
>> You bet: http://bitmunchies.com/
>
> Complete with fractional prices, I love it.

Yeah, bitcoins can be divided into 10^8 little bits - and after that,
there's already plans to introduce further subdivision. In case of
deflation.

> The currency is undergoing a bit of a bubble right now, by the way -
> https://mtgox.com/
> At USD 8.373 per bitcoin, the bitcoin economy is theoretically valued at
> USD 209 million. I have no idea what that means.

It means "the current bounty for finding a flaw in the cryptographic
basis of bitcoin is about $209 million" :-)

>
> -Taj.
>

ABS

--
Alaric Snell-Pym
http://www.snell-pym.org.uk/alaric/

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