Microsoft now allows customers to pay for digital goods via Bitcoin

Shawn Knight

Posts: 13,002   +130
Staff member
Bitcoin has yet to return to the $1,000+ exchange rate it enjoyed a little over a year ago but that doesn't mean 2014 was a bust for the virtual currency. Value aside, it's been a banner year for Bitcoin as...

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Posts: 12,661   +6,033
Bitcoin is a bust to me. I'll never trust them to be a legitimate currency. The concept of bitcoin is similar to that of gambling, which is why gambling is considered illegal in some states.


All currency as we know it today is similar to gambling. American currency used to read: "AMOUNT" IN GOLD COIN Payable To The Bearer On Demand." Bitcoin is just as valid of a currency as the American dollar. While it will fluctuate drastically initially, like any new currency. Want real currency? Stock up on gold and drums of oil. :p


Posts: 93   +31
I'm sorry, but "huge for cryptocurrenct" because of XBox? The title of this post on Facebook is greatly exaggerated at best. ;)


Posts: 777   +139
Once a box retail store of the Walmart or Target mold accepts BitCoin I'll take it a bit more seriously. Until then, there really is no reason to move from the dollar.


Bitcoin is just as valid of a currency as the American dollar
Valid yes, reliable no! The reliability factor is what makes Bitcoin a gamble. I'm not gambling on the value of my paycheck, which is why I will not use Bitcoin.

The only thing preventing Bitcoint from being "reliable" is its adoption rate. The more people jump on the BC bandwagon, the more stable its exchange rate will become, all else being equal.

It's interesting people cite USD being a more reliable currency. Relatively more stable, yes. As an investment vehicle, however, the numbers speak for themselves:

Stated otherwise, as a function of time a traditional paycheck is a losing bet for long-term financial security. It is no coincidence most retirement plans are weighted more towards managed investments (long-run speculation) than outright savings.