Quote Originally Posted by t00nces2 View Post
I think Bitcoin is going to be the way of the future. Maybe not "Bitcoin" itself, but cryptocurrency. I The real value is in the hash that allows every bitcoin or fraction of coin to be tracked. I think Bitcoin has a leg up on the other currencies because of their development of the algorithm, but the algorithm will probably be the way of the future for many things. Voting can be tracked and verified to protect from fraud. The real value is the open source equation. Contracts can be enforced and payments automated. My guess would be that Bitcoin has a leg up for having "invented" the equation that makes Bitcoin possible. The real proof that they have come up with a winning idea is that fact the governments of the world are wanting to hijack the technology for their own cryptocurrencies.

I have a bitcoin and have a wallet set up. I have become somewhat familiar with the process of buying and selling and moving between wallets. The fact that I can creat a bitcoin wallet full of coin and walk through an airport and fly out of the country (or in) and have nothing on me, yet go to a library or coffee shop and log into e-mail and print out the wallet I have created and have access to the money I placed into the wallet and have no currency exchange charges and have access to the money instantly is a big plus for the currency.
If they could find a way to keep government control out of it and stabalize it so it isn't so high risk, I could see the potential. I mean, last year they came out with a physical machine that took bitcoin and operated like a bar top. Haven't heard anything of it since then.