Comment: The point

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The point

"what is the point to these bit coins anyway?"

The point is that they are a limited supply commodity that can be used as a currency with the ability to do more than any other currency under no central control.

For me it is a hedge against inflation as well as a piece of technology that will allow us to do innovative things that have only just begun to crop up. As well as allowing for the eventual replacement of banks with your own personal Bitcoin "account", controlled only by you.

It is not about avoiding taxes.