2/28/13 Report - $400 Million Missing, Bitcoin and Summer-like Beaches.

Written by the TreasureGuide for the exclusive use of treasurebeachesreport.blogspot.com.

Bitcoin Tokens.
From Reuters story linked below.

As expected, the earlier predictions found on the surfing web sites that predicted up to a nine foot surf for next week on the Treasure Coast has disappeared.   The predictions are now only for a four foot surf.  I don't know why they can't fix the model.  There is an obvious and consistent flaw in the model.



You've probably heard something about bitcoin, but if you're like me you don't know much about it.  If you found a bitcoin token on a beach would you know what it is?  Would you know how much it is worth?

The value of a bitcoin is now somewhere around $500, down sharply after Tuesday.  A one point it had been around $1200.

Here is an article that explains bitcoin.
http://www.reuters.com/article/2014/02/25/us-bitcoin-mtgox-factbox-idUSBREA1O21M20140225

The bitcoin exchange in Tokyo recently filed for bankruptcy protection after 850,000 bitcoins went missing.  The missing bitcoins would be worth around $400,000,000 at recent prices.

On a related topic, money seems to be disappearing.  With all the credit cards, debit cards, and different things we have these days, people carry less cash and pay in cash much less often.  Sunpass is a good example.  In the past when you traveled on the Florida Turnpike you threw your change in buckets at the toll both.  No more.  You can use Sunpass and the fee is deducted automatically from your account when you drive through the tool booth.

That kind of thing means there will be fewer and fewer coins lost on the beaches and most other places.

Treasure Coast Beach This Near Low Tide Today

This beach looks like a summer beach - convex and mushy.  That is how it has been lately.  Poor beach detecting conditions.  Makes it easy to get in the water even if it is sandy.

The weather is about as pleasant as it can be.

I did see a few small and insignificant cuts - less than a foot.

The tide is big and getting up pretty high and the low tide is lower than normal.

I didn't see many shells though.

I need to get some time to continue my series about beach dynamics and reading beaches.  I have been hurried lately and haven't found the time.   I'll do it whenever I get the time and energy to do some serious writing.

I think that will be all for now.

Happy hunting.
TreasureGuide@comcast.net