1. 02-26-14 07:32 AM #141
    raiders72001
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    Quote Originally Posted by jjgold View Post
    It's extremely risky

    400 million theft with Bitcoin exchange recently

    Go google it
    all over it. MtGox went under. The price dropped $130 on the other exchanges a couple of days ago but it's bouncing back.
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  2. 02-26-14 07:34 AM #142
    jjgold
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    If bitcoin can survive these recent and massive robberies and theft you never know it could have a chance in the future
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  3. 02-26-14 07:53 AM #143
    ACoochy
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    Quote Originally Posted by jjgold View Post
    It's extremely risky

    400 million theft with Bitcoin exchange recently

    Go google it
    Welcome to the wild wild west pal where you better have your wits about you...
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  4. 02-26-14 07:53 AM #144
    PassTheDutchie
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    Quote Originally Posted by Hareeba! View Post
    Good grief!
    Is that really the way Americans think?
    I DO have control over my own money.
    NEVER has a government or bank controlled that!
    Wow! I'm even more fortunate than i imagined to be living in the free world. Although we do have to put up with a few minor absurd limitations it's nothing like what you're talking about.
    And by the way, I don't "gamble".

    How about PayPal, **********, **** and Amex blocking donations to wiki leaks?
    How free was your world then?
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  5. 02-26-14 08:03 AM #145
    PassTheDutchie
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    The discussion on the general advantages of a virtual currency vs regular banking payment methods is similar to the discussion that people have with cash on hand vs cash in the bank.

    each has it's own pro and con. It all depends on what you want to use it for and what you prefer when it comes to :
    - speed in payment
    - trust in banks (vs trust in exchange or vs your own computer security measures)
    - trust in government
    - type of products you buy
    - where you buy products
    - privacy issues
    - etc

    this is all aside of the specifics with bitcoin currency and how you have to use exchanges to convert it.
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