Bitcoins/Cryptocurrency

Options
24567…23

Comments

  • Malthusian
    Malthusian Posts: 10,941 Forumite
    First Anniversary First Post Name Dropper Photogenic
    Options
    robdogg11 wrote: »
    I had to use it last week to pay for something online.

    Smack or crack?
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Name Dropper First Anniversary First Post
    Options
    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
    First Post First Anniversary Combo Breaker
    Options
    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
    First Post First Anniversary
    edited 29 November 2017 at 6:31PM
    Options
    BananaRepublic wrote: »
    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: 738 Forumite
    First Anniversary Name Dropper First Post Photogenic
    Options
    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"
  • dividendhero
    dividendhero Posts: 2,417 Forumite
    Options
    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
  • catoutthebag
    catoutthebag Posts: 2,216 Forumite
    Options
    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.
  • BananaRepublic
    BananaRepublic Posts: 2,103 Forumite
    First Anniversary Name Dropper Combo Breaker First Post
    Options
    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: 17,619 Forumite
    Photogenic Name Dropper First Anniversary First Post
    Options
    dividendhero wrote: »
    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.
  • dividendhero
    dividendhero Posts: 2,417 Forumite
    Options
    catoutthebag wrote: »

    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
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards