My World..as I know it..seriously changed!

As I said, above, my dear Little Bro, it is hard for me to imagine this world, without tangible currency, altho I know it has been evolving that way for a long time. But HOW, did I miss this one??? It's been around 4 years..gaining speed and ground with the Euro seemingly facing collapse...and countries opting out. I can't believe the changes, in my world...as I once knew it....need to have a glass of "feeling better" with you, so you can walk me thru these nuances. A bit scary!

I agree there is nothing like real money but I came to know about it while reading about private space programs, a couple of years back where they needed this currency to travel and arrangements. Although the article I read was different but just to give you an idea of that program, here is the link http://en.wikipedia.org/wiki/Space_tourism

Thanks for sharing the link...I can see that I have a lot of knowledge to gather, in a short period to time this weekend! And then there is replies, like "topffer's" directly below, that puts me back in quandry...as in her explanation, it becomes SO disposable..and insecure!

Honestly, muchkin....I did not pull these virtual coins out of thin air! There is NO piggy=bank filled with "cryto currency" (shake it and hear nothing!) I don't know if this is the way of the future, and if so, it scares the living "bejezus" out of me. I learned OF IT...on the CBC News this morning, where they showed Spaniards lining up to exchange Euros for bit change...and they went one-step further, and showing a Large Ranch in Alberta, for sale for $403 thousand bit coins....DUH!!! I am totally unappraised, but some of the responders here, especially "topffer" has a GREAT handle on this "airy" money...seems to fit in the same category as selling an Igloo to move..Reefer truck or water transport! BIG HUGZ

Me, too, Ambie. Quite took me by surprise, yesterday morning..Financial news in the background/half listening. What caught my ear was them talking about a huge ranch in Alberta for sale in virtual money..Bitcoins! And then they went on to give a bit of a description in laymen's terms..and then showed the line-ups in Spain, to exchange their Euros! Even tho, I have wonderful explanations here...I am still struggling with the loss of the penny...LOL!

Well, p!ke, it's not new! Bobbing around cyber space since 2004, and whether we like it or not...it's here! A very good explanation is offered by "toppfer"...and the links provided are great! It looks like the Euro is losing ground, seriously! Didn't realize how much it is already "in our faces" until I saw Real Estate for Sale in "Bitcoins" here in Canada, this morning! Looks like we are going to have to "buckup" and get on board, whether we like it or not!

I see your point, Jenny...but for some, it is hard, when they have lived all their lives (like me)with things that are tangible...like Money! Some of us are quite new to the virtual world...I am one, only being introduced to my first computer 6+ years ago...opening up a whole new world, to me! I think what keeps me grounded in this virtual world, is that I can still see my typing! There are many, in my community whom still do not have computers!

From your response, I can see that you have a VERY GOOD grip on the virtual world, and find it easy to adapt! But for some-one like me, that has been around for a while...making my MONEY virtual is a little disturbing! I concur, ecologically speaking, virtual somewhat is more eco friendly (altho we tend to overlook the power sources needed for these and their contribution to pollution)....MONEY is pretty important to most folks (ranking up there almost with family and friends)...and it being virtual, is still hard to conceive! Have a great day..and thanks for your input!

Knocked me OFF my computer stool..this A.M!! And to think it has been around, since 2009... I thank you, for dropping in...and adding your "two bits" worth...NOW that expression will hold true! Looks like it's the way of the future...kalav!

Atleast kala's is '2 bits' worth but mine will be 'satoshi' worth as I am denser! which as per owlwings is only one millionth of a 'bitcoin'!!!

I thought about it after I responded and it came to me that for some, this would be an obvious step forward but how silly. It's right up there with daylight saving. If it ain't broke, I say, don't fix it. The last thing we need is a new currency.

Just to add dearheart, most of my money has just been numbers in cyber space for years. I never would see my wages, just numbers in my online bank account. Shopping? Paid for with a plastic card. I have small amounts of cash around from time to time but not much. I don't think we will ever live in a cashless society. For a start, the US won't budge...they still use Imperial measures, refusing to go metric!

As much as you may think, that I had one or two extra "tinnies" or "tubies" (is that expression still used there?)....I did NOT have an extra cup of feeling better, before I made that post! Caution; don't bury your head too far, in that beautiful Aussie sand, apparently "virtual" money is here, and it will be part of your future, if you use the internet.....and for this old dog, this is scary new tricks. There is even Real Estate for sale here in Canada...listed in "bit coins" which is part of the "cryto currency!" A way of the future, dear friend, and I guess I had better "buck up" and appraise myself...or I will be left in the virtual dirt!

Morning celticeagle...I got a feeling that this is going to be the way of the future! Possibly not this virtual currency...but something fashioned in this manner! The CBC News show that I was watching/listening to, showed it being exchanged for in Spain...and also REal Estate here in Canada for sale in bit coins! Many of the users here, seem appraised of what it is...Owl and topffer seem to understand...Oh Boy, the future is looming to fast, for me!

Evening pergammano- I wouldn't put this past the people in the know. Virtual currency. Sounds about right. Guess I had better find out more about it. Sounds about right for Owl to know. A real book of knowledge.

A the "Bit Coin"...I truly had not heard "hide 'nor hair" of it, AT ALL, until I was listening in the background to a financial show (Canada's Budget came down yesterday) and there was a great deal of discussion about the global economy...! The, BIT COIN, apparently has been in existence since 2009, and gaining ground exponentially today..Spain trading all their Euro dollars for the Bit Coin/cryto currency...and from what I gleen, it will be global, and the way of the world! Owlwings, as usual, provides some excellent links above!

You can buy bitcoins here: http://btctrading.wordpress.com/how-to-invest-in-bitcoin/

I value your input, highly...much more than you realize! Later in the day, I got to thinking...maybe old expressions are a sign of things to come.... ~~~~A penny for your thoughts....hmmm..the penny is now distinct in Canada! ~~~~Adding "your two bits worth" to a conversation...a sign of things to come! I can make my money disappear, already, too easily...I like to keep it tangible, so I can count it, and still find it hard to believe I can pull it out of thin air! Also, I am just amazed that it has been in existence long enough, that people are trading in it...and this is the very first that I have heard of it! I really didn't think I took an Ostrich approach to life!

You introduced me to this perga and you led me to further excavate the bits. It is not that complicated after all? Those expressions, perga are truly amazing!! If one reads the bible which I don't we will find many more such predictions.

WOW! A great tutorial...now I just have to absorb it all, and rationalize it! I wasn't, by any means implying the Spanish are the only one's buying bitcoins or exchanging for Euros...but the New showed them in line, for however they make the physical exchange! It's a lot to digest for a non-financial wizard, like me!

Dang, topffer...you have just landed a blow, that has knocked me off my computer stool again! What is going on here? Whom is in control of this "invisible exchange"....and why are the Spaniards flocking to exchange their Euro's for "cryto currence?" I am awash in questions! Your response tells me that you are VERY, VERY computer knowledgeable...whilst I am still in the neophyte state, and this scares me!

They are afraid of a major Euro crisis in Spain, because of the economic situation of their country. But you cannot change easily your currency for another one, and nobody can say what currency to buy today. Bitcoin is controlled by... a mathematical algorithm, and the number of new bitcoins will increase slowly -- divided by 2 every 4 years -- until 2033 where 21 million bitcoins would have been "virtually produced" by a few servers connected together ; the new bitcoins are distributed between "bitcoin miners", people using the resources of their computers to extract this new "gold". So the bitcoin is a strong currency with no inflation possible, and, in theory, the best placement that you can do to avoid inflation and economical crisis. A bitcoin was worth 4,20 Euros on March 21st 2011, and was worth 50,78 Euros on March 21st 2013 : Spanish are not the only people to buy bitcoins actually.

It's great that you are on the ball "cyberally"..but this one snuck past most of us! It is in fact, virtual money, being used/exchanged on the internet. Really, it has no relationship to myLot, but may in the future! The links provided by Owlwings, in response #1, and by topffer will help you to understand, as this type of cryto currency may be the way of the future!

I don't know what the virtual money is like up to date.However I am not interested in it now .Thank you for telling me so much!

Felt like a "virtual" slap upside the head to me this morning...A WAKE UP CALL. Where the heck have I been (an Ostrich I guess)! I think YOU and I, and the rest of the world will NEED to learn in a hurry, this form of currency..but my mind is tumultous, right now with security..and just thinking about adapting to untangibles! Have to learn to be a real "space cadet!"

Well, GG, I am baffled..really baffled, even with the great answers from the people in the KNOW here! ANd I had NOT heard of it, it's existence, 'til listening to a Financial Show, here on CBC (yesterday, A.M.). Scared the "virtual" daylights out of me....as those in Spain were willing to exchange their Euros for this "cryto currency" as they refer to it to! I am a bit wiser, with the great explanations here...but you know the old saying; " a little bit of knowledge....."! Have a great one!

Good morning, dearheart! Didn't know, or even hear about this 'til the news this morning! Where have I been????? My head and hands in the garden TOO much. Seems it is a form of exchange, with no legal status....but I still am having trouble understanding....as I said, old dogs and new tricks! LUV & HUGZ!