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Showing posts from December, 2013

What is the underlying value in BitCoin?

I seem to be seeing a lot of people questioning the value of BitCoin as a legitimate currency. The proponents of the currency don't seem to be doing a good job of explaining it... now I'm no economist but for some reason its pretty obvious to me how it works...
Here goes...
All trading standards resolve back to the basic principle of scarcity. Wheat is not as highly valued as gold due to scarcity. Scarcity is the result of demand exceeding availability. If Gold was as plentiful as grass it wouldn't be used as the basis of trade. All trading mediums are a surrogate for a much larger set of traded goods and services. A days work gets 500 pieces of paper called a dollar. That five hundred pieces of paper buys a few days rent and some groceries.
With BitCoin the scarcity is defined by the limited number of coins that are in circulation. The fact that there is a community that is willing to trade in what amounts to unique numbers is no different than a community that wants to trad…

Microsoft's Concept of How 2019 Will Look Like - Official Video

Some interesting concepts here... especially the use of a touch surface for remote screen control... allows a small hand space to be used to navigate a large screen area. Kind of touch-pad-ish but with smart apps running under your fingers... and the digital ink/ paper at the end... that seems to have stalled of late... wonder what the roadblocks are...
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