my friend told me about bit coins so i went home to look then up. im still confused. first of all how do i start getting them? why would i give them to some one? do they have an actual currency value (ie yen dollar peso euro etc) and what do bit coins get me? can i buy things?
I don't believe [Bitcoins] have any tangible value by themselves
Something valuable isn't valued because it is valuable, it is valuable because it is valued. In other words, value is not an intrinsic property of a thing, it's something we bestow on things. If no-one accepted paper money, would a $5 bill still be worth $5? Of course not, the paper it's printed on is virtually worthless (p.s. I know it isn't actually printed on paper). Bitcoin only has value because people want it for some reason.
Failed attempt? I'd say Bitcoin has been pretty damn successful. It's kind of too late to get in on
it now though.