Bitcoins

wymondham

do we need another currency? the recent one has caused a few problems!

dryhat

wymondham wrote: »

do we need another currency? the recent one has caused a few problems!

.... err, I think that's the point.

globalds

seems the Russians have caused a sudden rise in the bitcoin..getting there cash out of Cyprus

I have just been reading up on "Silk Road".
Interesting stuff

Nikkster

Bitcoins being discussed on Newsnight now...

Graham_Devon

It's certainly an interesting concept. But as others say, I wouldn't really want to be associated due to the crime involved.

Can see it being a useful way for genuine transactions to take place globally though. I've used some websites myself only where on purchasing a real good that's going to be delivered to you, I've seen bitcoins accepted as a payment. I just thought it was another paypal, moneybookers or similar.

Apparently Amazon are doing something similar, but it's pegged to the dollar, so not a true alternative option.

dryhat

Graham_Devon wrote: »

It's certainly an interesting concept. But as others say, I wouldn't really want to be associated due to the crime involved.

I take it you're ok with the crimes the banks have comitted?

HSBC found guilty of laundering money from terrorists and drug cartels?

Barclays and others rigging libor?

The London whale?


...... and other well-documented skullduggery

kabayiri

I have used BitCoin in a small capacity.
I don't remember signing up to be a terrorist or money launderer though!
(I must read the T's & C's more thoroughly next time )

globalds

It has gone up about 40% in 30 days ..and with the Cypriot banks opening tomorrow ..I guess it will rise again ?

vivatifosi

US government looking to regulate per New Scientist:

http://www.newscientist.com/article/mg21729103.300-us-to-regulate-bitcoin-currency-at-its-alltime-high.html

Virtual currencies are to be regulated by the US Treasury at the point at which they are translated into real world currencies.

Nikkster

http://www.bbc.co.uk/iplayer/episode/b01rl5n9/Newsnight_26_03_2013/

Here is a link to last night's Newsnight if anyone is interested. The bit on Bitcoins (see what I did there? ) starts at 35 mins 20 secs in.