Went to the official Bitcoin website, went to Wikipedia but still dont understand what the hell a bitcoin is and the uses for it, someone please explain to me in layman terms lol....

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Online currency. Avoid it like the plague.

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It looks like a currency that can be used at the same rate over any different country that accepts it, keeping you from having to turn USD to Euros to Yen and back again for anything that takes just that one specific style of money. Why that's advantageous, I don't know. The only thing I can guess is that the rate of the bitcoin could potentially become more valuable than the currency you put into it (i.e. $5 = 5 bitcoins, later on $10 = 5 bitcoins, thus buying 5 now means you double your return later), but that's basically an investment gamble.

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Goten is dead!

Yeah, what kikori said.
You can spend them like they are credits and they are supposed to be difficult to track(or something along those lines).

A guy at work got a server that he rents out for bitcoins. Supposedly it makes him enough to pay the server bills and then keep the extra.

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It's kinda complex in some parts but bitcoins are "mined" by computers doing hashes and solving equations and stuff. There will never be more than [url=http://en.wikipedia.org/wiki/File:Total_bitcoins_over_time.png]21 million bitcoins in existence[url], ever (although they can be broken up into fractions of a bitcoin.)

Really it's an experimental online currency thing. A bunch of companies accept them as actual currency but the rate fluctuates. I've got a couple of friends that bought high-powered servers specially set up to mine bitcoins all day, but these days you can't get a whole lot out of it because a ton of people are doing it and you basically have to join groups to get any (and the rate of new bitcoins is drastically slowing at all times anyway.)

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.Legendary themed months are back! Maybe.

!!!!!!!!!!!!!!!!!!!!!!!!

They're not free; that's all you need to know.

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Imagine a perfect beach
Without a mermaid
Imagine a perfect hideaway
Without a time
Imagine a perfect Eden
Without a friend, without a serpent
"Feeling lonely and content at the same time,
I believe, is a rare kind of happiness"

One of the major reasons its lasted as long as it has is the fact that the currency can be traded relatively anonymously, thus making a black market for *anything* easier to secure. Money is traded from virtual "wallet" to virtual "wallet", which can only be accessed through whatever device you have the "wallet" on. No names. Just numbers.

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It's a currency just like any other, all bitcoins are stored in a virtual 'wallet' which can be created online or through a desktop program / cellphone app. It gives you a long jumble of letters and numbers that is basically the code to deposit anything to your wallet. You can buy a lot of things with it, there are lists on the bitcoin wiki and other places I'm sure. The going rate for 1 bitcoin (BTC) is about $130-140 right now and as far as i'm aware its been around that price for the past few months.

There's multiple ways to get bitcoins, through a bitcoin exchange like mtgox or cavirtex or locally through localbitcoins.

People like to think it's a completely anonymous but currency, but its not. All the transactions are online for all to see, they're only as anonymous as the method you use to obtain them.

I see a lot of VPN websites letting people pay with BTC, also webhosts. Reddit also allows you to give users a bitcointip.

https://www.spendbitcoins.com/places/

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THANKS STALE & OWNAGE <3<3<3

Except the fact that the creator of SilkRoad was arrested by the FBI pretty much bitcoins right in the ass.

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Actually not at all though. Bitcoins are $200 each right now, when SilkRoad shut down they were around 140-150. Bitcoins are here to stay regardless of if there's an underground market using them or not. Right now BTC are at the highest they've been in a few months.
http://bitcoincharts.com/charts/mtgoxUS ... 10zm2g25zv

Also, for every one that is destroyed, two more are created. SilkRoad wasn't the only 'black market' it was just the one that got the most media attention. We may think its a big deal that SR got shut down, but down in the deep web it's business as usual.

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THANKS STALE & OWNAGE <3<3<3

i often saw bitcoins use to buy and sell drugs lol.

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Never argue with an idiot, they drag you down to their level and beat you with experience

have a look what i saw on the news tonight

http://www.dailymail.co.uk/news/article ... 1-000.html

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Never argue with an idiot, they drag you down to their level and beat you with experience

Hoooolly!!!

What a lucky fella. Good on 'em though. He went to school. Got out, has 4 years of experience, then finds he is rich.

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Hahaha that is awesome! I only knew about bitcoins a little over two years ago, but even then it could've been a good idea in hindsight, haha.

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.Legendary themed months are back! Maybe.

!!!!!!!!!!!!!!!!!!!!!!!!

i nearly bought about 5 bitcoins a few years ago when they were £20 each. At the time it was a bit too much money, but i bloody wish i did now i've seen how much they're worth :s

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There is a village, which is hidden in the shadow of a mountain.
Everybody is suffering from a lack of light.
One day, the eldest of this village leaves for the mountain with a teaspoon in his hands.
The others ask him what he intends to do.
He replies that he is going to move the mountain.
"But you will never succeed!" they cry out.
"No, i will never succeed, but somebody has to start."

~~~The Wising Up Song - Misty's Big Adventure

Hidden: 

Kikori wrote:

Runevillage the forum is pretty well much done. Runevillage the group will eventually die, but as long as we're still friends with each other in the end, it's still a pretty big thought in our heads. Runevillage the family is forever, no matter where we settle down. If absolutely nothing else ever comes of Runevillage in the future, that alone is a pretty damn awesome thought.

I wish I was smarter when I found out about them, then maybe instead of spending 1000BTC I would have 1000BTC and be .. well be pretty damn well off.

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THANKS STALE & OWNAGE <3<3<3

You used to have 1000 bitcoins! Woah!

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Not all at once.. probably around 100 at a time, but still.. Could've been living pretty decently now, considering its at $500 a coin...

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THANKS STALE & OWNAGE <3<3<3

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There is a village, which is hidden in the shadow of a mountain.
Everybody is suffering from a lack of light.
One day, the eldest of this village leaves for the mountain with a teaspoon in his hands.
The others ask him what he intends to do.
He replies that he is going to move the mountain.
"But you will never succeed!" they cry out.
"No, i will never succeed, but somebody has to start."

~~~The Wising Up Song - Misty's Big Adventure

Hidden: 

Kikori wrote:

Runevillage the forum is pretty well much done. Runevillage the group will eventually die, but as long as we're still friends with each other in the end, it's still a pretty big thought in our heads. Runevillage the family is forever, no matter where we settle down. If absolutely nothing else ever comes of Runevillage in the future, that alone is a pretty damn awesome thought.

Wow. I never imagined i'd see that.

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