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Bitcoins/Cryptocurrency

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  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    robdogg11 wrote: »
    I had to use it last week to pay for something online.

    Smack or crack?
  • badger09 wrote: »
    You lose the lot:cool:

    In which case bitcoin makes as much sense as putting your savings under the mattress and then complaining when the house catches fire.
  • DavidF
    DavidF Posts: 498 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    badger09 wrote: »
    You lose the lot:cool:
    Or back it up. Or put it in an online wallet and put the 12 digit passcode somewhere safe....Or or or lol.
  • markj113
    markj113 Posts: 256 Forumite
    Part of the Furniture 100 Posts
    edited 29 November 2017 at 6:31PM
    My view is avoid it like the plague unless you have to use it, so if you're a drug/gun/!!!!!! dealer/buyer, go ahead.

    Its not like every other currency on the planet has been used for drugs/guns/!!!!!! to a far greater degree than bitcoin is it.

    All the people regurgitating this nonsense are just displaying their illiteracy of the technology..
  • k6chris
    k6chris Posts: 784 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    markj113 wrote: »
    All the people regurgitating this nonsense are just displaying their illiteracy of the technology..

    This time it's different......
    "For every complicated problem, there is always a simple, wrong answer"
  • markj113 wrote: »
    Its not like every other currency on the planet has been used for drugs/guns/!!!!!! to a far greater degree than bitcoin is it.

    Difference is that Bitcoin's have virtually no use in the legitimate economy
  • Yet.

    But it is the future and it's happening now. If you're not on it, you will be behind the curve.

    People are paying for goods privately already with Bitcoin. Cards are available to withdraw cash from funds. There are physical storage wallets that will securely store your coins.
  • markj113 wrote: »
    Its not like every other currency on the planet has been used for drugs/guns/!!!!!! to a far greater degree than bitcoin is it.

    All the people regurgitating this nonsense are just displaying their illiteracy of the technology..

    Really? Loads of people have been convicted for possessions of child !!!!!! images as a result of using a traceable credit card as payment. There is a reason why many dodgy transactions involve bitcoin. I suspect if you look at the number of criminal transactions as a proportion of the total, bitcoin would dwarf other forms of payment.
  • jimjames
    jimjames Posts: 18,697 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Difference is that Bitcoin's have virtually no use in the legitimate economy

    And very little use when they're so unstable
    Remember the saying: if it looks too good to be true it almost certainly is.

  • People are paying for goods privately already with Bitcoin. .

    Maybe UK should pay its "EU divorce bill" with bitcoins - 5 Million bit coins doesn't sound too much if you say it quickly - as a bonus, many of the Brexiteers won't even know what they are and hence won't be venting their spleen on the Daily Mail website
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