Gadgetory

so here's a deal with been around for a very long time since 2009 that's a long time that's funny that you say it's very long that's like a it's a virtual currency right so it's this very anonymous interesting development within 2009 this comes out kind of as a sleeper for a couple of years that no one's really thinking it's a financial crisis right and it comes as a result of this idea that what is currency worth and Bitcoin kind of came around because people were freaking out they're saying like well you don't know what anything's worth anymore right and the market was tumbling and everything was nuts so flash-forwards at about 2011 and it went from say a few cents of per Bitcoin to like a dollar a Bitcoin to two dollars like $13 per Bitcoin in the beginning of the year at which point things start to get kind of interesting because people are starting to pay attention and now all the sudden we saw Bitcoin go from say 13 14 15 dollars up to the 40s yeah then right when Cyprus was basically going in to bank accounts and saying okay you've got money here we're gonna take money out of your account to pay for our bail out Bitcoin went to 266 bucks now it's back in the 40s and the 50s and people are really starting to say well maybe this idea of an electronic currency that's constantly changing has some merit now there's a downside it's not regulated right and you know that's kind of crazy now I messed with a little bit totally can be messed with could be manipulated could be speculative and and from the from the Federal Reserve's point of view and which I think they're gonna start to get into on this as they say it also can be used to launder money the concept of Bitcoin is one of these it's it's it's like flirting with quantum physics you know it's like this intangible sort of abstract idea some people really get it some people don't I think that it was really created because people were saying why is it that we arbitrarily say a dollar is worth a dollar right right I mean so this is like a ver existential sure financial conversation and and it's fascinating because it is true that the only reason a dollars worth of dollars because we all agree that that's the case but when you look at Bitcoin I think that there are people who are you know let you know honestly their programmers they're super smart people right they're saying well why is it that the dollar is worth a dollar