BitCoin - A Decentralized Currency

It's vapor

What happens if electricity goes down. How are you supposed to whip out your bitcoin digital wallet if you can't get a connection?

If it's digital, it could disappear in the blink of an eye.

If they wanted to put bit coins on every corner like redbox, only you could go and cash out your digital for physical silver, gold, platinum, or put any of those into the machine and get digital money at any time, then perhaps.

Not commonly used for buying peanuts and popcorn; can globally buy euros, us dollars, yen, gold and is crypto-secure that is what matters. Also there is nothing stopping anyone from using them for absolutely everything. Using my cell phone or computer by simply having the wallet code of the seller, like paypal uses email, I can send and verify payment to the seller in seconds.

Nothing happens to them they are stored at thousands of nodes in the cloud and archived in the block chain, transactions can be done with a simple cell phone. What happens to the credit card networks when the power goes out? A lot worse.

which is no different that your savings in the bank, which you access through debet and credit cards.

I think.. bitcoins are more revolutionaty than a civil war, and will do far more damage to TPTB who are fucking with our lives than any armed resistance. p.s. they know it too.

down here most bitcoiners stay hidden and quite and do not want other to know that they use it because it is quickly becoming the alternative currency answer to failing economies... and people fear that certain gubments will not hesitate to take them, and their users, outof circulation if they get too popular (especially people that remember what living in a tyranical police state is really like)

actually, they come in coin version as well

1BTC=23.5USD today

hrmmm

I set up a BC wallet just to have one and know how to get it. It wasn't exactly easy or intuitive, or clear about what to do first. I had to get a Dwolla account in order to send dollars to the BC exchange I chose, so there's two accounts plus my wallet. Then you have to wait for validation, which for Dwolla can take weeks. I had trouble with the "key" and couldn't use the 2nd level login, so it's a little less secure than I'd like.

But...

Most of the complexity in setup is because other currencies are involved. If the day came when there was nothing but BC, it would be fairly simple especially compared to having a typical online banking account, PayPal, and credit card.

What I think most people don't understand about money is that you have to have a medium of exchange. Barter only works in small quantities for small groups of people locally, because you may wind up having to make eight trades just to get one thing you wanted. A medium of exchange is simply an agreed-upon store of "value" that is easy to carry or transfer. And there is no way to avoid hoarding; just as you can store up grain or tools, so also you can store up "value units" or money.

What BC has over other media of exchange is that it is transferable over distance without banks or governments, cannot be shut down unless life as we know it has ceased and nothing matters anyway, and is a universal store of value determined by everyone who uses it.

Silk Road anyone?

you can not have "trouble with the key"; either the key corresponds, or not. it is basic math.

how you store, acess, use and secure your keys, is of course entirely your own problem.

with certain limitations to avoid artificial inflation.

The key I'm referring to is a little USB stick with a "touch" spot on it that's supposed to present one key for one short touch and a second key for a longer-held touch. The second one never worked; it was a hardware problem and not worth shipping the little USB stick back for.

[link to netlookup.se]

no bs. no ads.

Bitcoin is bought with regular money or credits. This is just a means to end paper money and make money credit only, electronic money, just what the self chosen elite want.
Make it a currency in it's own right outside of the influence of the economy, then it may have some interest.

That is not the only way. You can be a bitcoin miner. look it up.

also it is decentralized which OPPOSITE ofwhat the elite want

[link to www.bitcrate.net]



[link to netlookup.se]



STOP FAPPING TO HENTAI AND MAKE SOME MONEY!!!!!!

great waiting for more alternatives :)

I think the value of bitcoin doubled this month, thats what

Bitcoin works quite well. I use it for small payments on the net.

$39.50 USD now to buy 1 BTC

[link to bitcoincharts.com]

Bitcoins Hit Peak As Real Currencies Flounder
[link to www.iexpats.com]

Like all investments its a risk, I had 22btc before xmas which i spent on the road, if i'd kept them I'd have tripled my money. I treat them the same as silver, worth having a few dozen for an emergency, and with the way the market is you can always make a few quid by selling them on ebay in 0.1 or 0.25 increments, and buying as the price moves, it moves up and down throughout the day too.

Bitcoin passed $40 today, libtard

$49.10 USD now to buy 1 BTC

[link to bitcoincharts.com]

market traded in all major currencies

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