Bitcoins?

[jimmy ching]

Does anybody on here use or understand how Bitcoin works and where you can find reliable advice on this concept?

[bloggie]

Had a look a while ago and found the early value was the time to get involved when it multiplied in price.There's other currencies that you can mine if you have the computer power in the hope that they go mainstream.
http://bitcoin.org/en/" onclick="window.open(this.href);return false;
https://bitcointalk.org/" onclick="window.open(this.href);return false;

[Henry Chinaski]

I am currently looking at buying some Bitcoins. It does seem a very volatile currency and there are many dangers meaning you could easily lose all the coins in your wallet. It sounds right up my street

The current exchange rate is 1 Bitcoin = £343 In June 2010 1 Bitcoin was 5p. Buying a few hundred then would have been a nice move.


It is easy to think you have missed the boat already but I feel the possibilities for this kind of currency are promising. A world currency which is invisible and looks tailor made for our cash free futures? The more people that start to trade in Bitcoin means the price will rise. It is a bit similar to gold as the coins are mined and there are only so many in circulation and only so many waiting to be mined. If and it is a big if this currency became an everyday part of life then the price of one coin would be astronomical.

An article here reckons they could be worth $10,000 each if the currency took off and became mainstream.

I think I will buy a handful, I like a gamble

http://bitcorati.com/2013/10/17/bitcoin ... heres-why/" onclick="window.open(this.href);return false;

[murf]

They have had massive losses this year, partly because some of the guys running the exchanges have been linked to (alleged) nicking the money! Check what they were worth at their peak.

Write your cash off and hope if you wish. I'd avoid them myself.

[Giggs11]

Save yer coin, buy Yaya a pressie instead ...

[murf]

[flyingkillercob]

Dogecoin is the future.

[Henry Chinaski]

The future isn't cash
The future isn't multi currencies from differing nations
The future isn't paper money
The future isn't a form of payment where the banks don't make charges



The future is the internet
The future is a global currency
The future is invisible currency


Bitcoin is in it's infancy and has teething troubles. But the whole world being paid in an invisible online currency could be the future. The technology is already in place to pay for everything electronically.

Without doubt cash will be a thing of the past soon.


I should have seen this coming a few years ago, but I would imagine when paper money first came around people said it would never take off. Sell a dozen chickens for a piece of paper? are you mad?

a global internet currency is the future and Bitcoin has made enough progress in such as short space of time to show that it a serious player in the money markets.


However, it is bloody complicated and dangerous at the moment. The amount of Bitcoin exchanges that have gone bust and took everyones money is alarming. I suppose it is only equivalent to cash in the early days when banks got robbed and you lost the lot.

I suspect with time will come more security and trust in what is a currency in its infancy that is making giant strides in the markets.

[Striker]

I reckon that we should launch the Fisocoin in a cunning plan to rip off the gullible and enrich ourselves.

I've already got 1000, but am willing to sell just 500 of them at a discounted price of only £10 each to other fiso members before we go global.

[Ralfbergs]

I reckon that we should launch the Fisocoin in a cunning plan to rip off the gullible and enrich ourselves.

I've already got 1000, but am willing to sell just 500 of them at a discounted price of only £10 each to other fiso members before we go global.

If some of the people who run side comps and FF mini leagues here decide that you have to pay Fisocoin to join the comp, your plan might even work

[murf]

I reckon that we should launch the Fisocoin in a cunning plan to rip off the gullible and enrich ourselves.

I've already got 1000, but am willing to sell just 500 of them at a discounted price of only £10 each to other fiso members before we go global.

If some of the people who run side comps and FF mini leagues here decide that you have to pay Fisocoin to join the comp, your plan might even work

We did trade in FISO Sponders a few years ago with CanaryYellow (I think?) running the book......

[llama]

Las Vegas Casinos are now accepting Bitcoin.

http://www.usatoday.com/story/dispatche ... s/4713243/" onclick="window.open(this.href);return false;

Digital currency is the future. There is no doubt about it.

[Foxtrot]

Can someone explain, in simple terms why he world needs Bitcoin or these so called crypto currencies?

I'm asking as someone who works in Banking that really ought to know. But not getting it at moment.

[murf]

Can someone explain, in simple terms why he world needs Bitcoin or these so called crypto currencies?

I'm asking as someone who works in Banking that really ought to know. But not getting it at moment.

So people can buy drugs over the internet. Barclaycard may frown on that.

[Knulpuk]

http://www.theguardian.com/news/video/2 ... -animation" onclick="window.open(this.href);return false;

[Foxtrot]

Can someone explain, in simple terms why he world needs Bitcoin or these so called crypto currencies?

I'm asking as someone who works in Banking that really ought to know. But not getting it at moment.

So people can buy drugs over the internet. Barclaycard may frown on that.

[Striker]

Can someone explain, in simple terms why he world needs Bitcoin or these so called crypto currencies?

I'm asking as someone who works in Banking that really ought to know. But not getting it at moment.

So people can buy drugs over the internet. Barclaycard may frown on that.

That's not a sufficient reason for needing Bitcoins.

The last time that I used my Barclaycard for a dodgy internet transaction, Barclaycard were given the impression that I was importing bales of Indian cloth.

[bloggie]

Exchange update 16:10.
1 Fisocoin=0.0000000000000000000000000000000000000000000000117 Bitcoins.

[Raisin]

The future is the internet
The future is a global currency
The future is invisible currency

Can't argue with one and three. But isn't it already here? How much do you have in current and savings accounts? And how much of that have you ever seen? Apart from a few scruffy bits of paper in your wallet and metal in your pocket, used to purchase beer, papers and chocolate, don't you use invisible currency already?

In terms of global currency surely you've seen what a horlicks the Euro is? And that is as close as you get to a global currency.

Bitcoin seems to have merit only for crooks and short term speculators.

[Henry Chinaski]

In terms of global currency surely you've seen what a horlicks the Euro is? And that is as close as you get to a global currency.

Bitcoin seems to have merit only for crooks and short term speculators.

Every time I go to Europe I get screwed for commission trading my Pounds, in fact anytime I go anywhere, and the world is becoming increasingly smaller I have to switch my Pounds to the currency that country uses. Nobody pays me for anything I sell in Euros or Dollars, however they could pay me in Bitcoin and then I could spend this currency anywhere in the World.

As for the crooks using it. Well The Silk Road had 1 million customers at its peak and Silk Road 2 is proving just as popular. Over 1 million trading in any currency is a sound footing whether they spend half their lives behind bars is another discussion

[jimmy ching]

What is good about thé present banking system? They have ripped us all off for centuries. They have created money out of nothing and lived off our currency of labour.It is depressingly clear thé average bloke doesn't sée he's been taken for a ride. Thèse new currencies are thé way forward'