Saturday, June 4, 2011

Bitcoin Log - June 3rd

So I just woke up checked the market and we're at about $17 for one Bitcoin. Seems pretty insane as I'm not exactly sure who would buy at this price. I think a good price for a bitcoin is probably 1 BTC for $10. However with that said the US/World economy is completely in shambles so I don't blame people for wanting to try a new thing. I'm interested in it more for the experiment it is, and actually being able to barter goods. There are a lot of legal questions still surrounding it though and there is a possibility that the various governments will try to shut it down.

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