Big Fish Will Accept Bitcoin?

Big Fish Games partners with Coinbase to accept Bitcoin payments for games <--Click to read article posted on BF's FB page today.

Big Fish Games plans to accept Bitcoin payments across all 3,000 games in its library.

~~~~~~~~~~~~~~~~~~~~~~~~~

I don't really understand the Bitcoin thing.  All I really know is that it's virtual currency.  How that works is beyond me.

Another article to consider, which interestingly enough came out today, as well.  :

The real reason Bitcoin is doomed <-Click to read

Well,  all I can say is that BF better continue taking our non-bitcoin money if they want
to stay in business.   I,  too,  am clueless about bitcoin and I intend to stay that way.    

What in the heck is Bitcoins? Are they used to play that casino game at BFG?

From the little I've seen about bitcoins (an article on TV) I would no more use them than I would download any ftp games.  Seems to me just another reckless way to throw away my hard-earned REAL money.

No thanks!

Bitcoin as a concept is an amazing thing.  My DH and some of his colleagues have been discussing it lately, and it is absolutely fascinating to me.  Having said that, I can't explain it.  But I think the basics are;
1.  It's super interesting from a mathematical perspective.
2.  It has the potential to change almost everything we know about the way the internet works.
3.  See #2 - it can completely overhaul computer science study.
4.  From an economic point of view, it provides a counterpoint to fiat currency and thus is very intriguing.
5.  The legal aspects of Bitcoin are (from this DH & co's group's discussion, at least) the most boring.

The BFG move is rather ??? (but then again, a lot of what BFG has done lately is ???)

edited for clarity

Ok.....I was lost at #1.    My math skills are.....pathetic....non-existant.

#2   Seeing as I only know the basics about how the internet works (I know Google,
       buying and dl/ing games,  FB,  checking my e-mail,  bookmarking sites...well, you
       get the drift)   if it changes anything else about the internet,  I am doomed.

#3    I will have to google Fiat currency.      





I am back   (didya miss me?)   

A fiat system is based on a government’s mandate that the paper currency it prints is legal tender for making financial transactions.

Hey @luvtoread - Here's a little more info for the ol' gray matter.

1.  Bitcoins are derived from finding mathematical algorithms.  Each bitcoin has a unique algorithm/mathematical/number identifier, and there is a finite number of bitcoins that can ever exist.  (this last part is important)

2.  The internet is based on math.  (We'll stop there, as that's all I can explain.)

3.  1 + 2 = 3, but I have no real understanding of how the maths can change the internet.

I should have written more about #4.  Sorry.
4.  You are right - Fiat currency is a system that uses fiat money as its legal tender.  Fiat Money is money that derives value from government regulation or law.  It is not backed by a physical commodity.  (Physical commodity being something like gold, silver, shells, wood - something tangible)  It's called fiat from the Latin "it shall be".  Therefore, the government declares that $1 = $1; that is a derived decision.  To keep $1 = $1, the government treasury will print more or less money.  The money has value because the state government (by state I mean governmental entity, not US state) has the "credit" to back that money (i.e. "full faith and credit of the US Government").  The actual money is worthless (Ever heard the saying "Your money isn't worth the paper it's printed on"?)  Bitcoin is not a fiat money, so it provides an interesting counterpoint to study. 

Does this help or make things worse?    We've exhausted my ability to explain!  I promise the conversation was really fascinating.

Now let's get back to gaming.   

Well,   I did go back to gaming.....and trying to figure out the game's puzzles.    


The one thing you said about the internet being based on math.       I had a thought,
but realize my thinking is faulty   (as is all my math thinking.   I always think I have more
money than what I actually do  in my accounts       )

My first thought was  "Ok,  that is true as our computers can only hold so much data
before it runs out of space".

If your thinking    ,    don't worry.     That's just my brain going its own way,  as usual.
I just thought that you meant the internet is based on how many GB a computer can hold.
But that's not right.      
I will stick to           and    

Like you said,  back to gaming!!

luvtoread wrote:Well,   I did go back to gaming.....and trying to figure out the game's puzzles.    

I will stick to           and    

Like you said,  back to gaming!!

LOL - That is me, too!  DH is the scientist.    I just listen sometimes.