bitcoins and cryptocurrency, page-7

There are over 20 cryptocurrencys now in play. The guy who invented them probably mined the first few tens of thousands. As one who knocked bitcoin without really understanding the source of their value I stand partly corrected. In China there are whole buildings loaded with computers trying to mine bitcoins. There are collectives of western geeks with massive computer power who are doing likewise. So I can see a lot of Labour Power goes into mining each coin, hence the source of their value, ephemeral though it may be. There is no doubt that police forces will be monitoring very closer all movements in these cryptocurrencys. Did you know that you don't pay anything for the originals. You just need to spend a lot on computers.