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Bitcoins, Litecoins and Other Fairytales from the Digital Enchanted Kingdom

December 13th, 2013 No comments

bitcoin-fantasy

Before it became a “thing”, or rather, before I wanted to slit my wrists solely to avoid hearing or reading another story proclaiming it “the next big thing”, I considered buying some bitcoins. Being pragmatic, I took the concept of “virtual” currency at face value, and firstly decided to see if there was anything I would actually do with them. While bitcoin evangelists would be quick to point to the “thousands” of online sites that accept bitcoin as payment, that list largely reads like some unholy fusion of a flea market and a back-alley in Bangkok. And since I didn’t have any pressing need to purchase guns or drugs, gamble or launder money at the time, I decided there was no point and therefore no pressing need to possess any bitcoins. This was also at a time when they were worth relatively little, and I didn’t see any point in purchasing them as an investment or store of value, because that would have been like putting all of my money into Shakey’s Pizza gaming tokens or buying shares of Twitter. Rant On!