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Sunday, March 30, 2014

Three bitcoins in the Fountain

What kind of happily-ever-after is there for the bitcoin?
"Three Coins in the Fountain" was a regular post-war, classic oldie, on late night television when I was growing up. When it's heroines, Frances, Anita, and Maria tossed their lucky coins into the Trevi Fountain, they were wishing for diamond rings. Actually, they were supposed to be wishing to return to Rome, but every popcorn snacker in the 50's theaters knew they were intent on love - the kind of love that ends in marriage. A girl of that time wasn't supposed to have much on her mind other than traditional marriage.

With all that "glorious technicolor",  and the romantic lure of handsome fellas like Louis Jourdan and Rossano Brazzi (yes, the ultra-suave Emile De Becque in South Pacific), viewers 
just knew any coin - whether it was American quarter or a five lire piece - that got pitched into that much-visited Roman landmark 
was a guarantee of a happily-ever-after ending.

Not so much with todays not-quite-mainstream bitcoin. 

With twelve and a half million bitcoins in circulation, however, we've come to a point where it's not just a select group of digital know-it-all, hacker types controlling this crytopcurrency. Nowadays, the IRS and Wall Street are taking an interest. The IRS has issued tax guidelines for virtual currencies. Agencies in other countries are making similar moves. Banks and speculators are investing in Bitcoins*.

Oh and various criminal types are focusing 
on bitcoin transactions as well. Gotten in on any good Ponzi schemes lately? Ponzi masters are only one style of robber barons misusing Bitcoin technology. Who knows what other trolls are hanging out under bridges, persuing bitcoins on the dark side of the web.

Government agencies, financial mavens, and calculating criminals are all interested in 
getting, keeping and enhancing the value of Bitcoins. Well we all know who comes next. Yup, us regular folks just may be thinking about slipping bitcoins into our virtual wallets any day now. I'm starting to get a vision....

There I am, hopping up on the elliptical at the gym, strapping on my Oculus glasses for that virtual ride through Disneyland, an experience that's bound to keep me entertained while I pedal the virtual miles away. Just up ahead is Snow White's wishing well. 

I'd really love to see the monthly sales figures go up on My Heart Beats Faster  ebook at amazon.  What could be a better investment in my sales futures than a Disneyland wish?

Is my digital bitcoin, like it's more traditional 1954 cousin,  going to guarantee me my own happy ever after ? Let me just reach  on down into that digital wallet.....

* Note the capital "B" - which 
refers to the technology and management of the currency, versus 'bitcoin' - the actual currency.
~ ~ ~
Web Resources

Three Coins in the Fountain - The movie

What's a bitcoin?

San Francisco Chronicle Bitcoin Politics and Business Changes

Facebook and Oculus - What about those 3D glasses?

What's Crytopcurrency?

Where might digital trolls hang out? Dark Web/ Deep Web -

1 comment:

  1. Nice post
    Well there is an actual fountain where you can throw Three Bitcoins


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