Now excepting Bit-coin

[moresound]

On all audio transactions.

 

[JG96]

How about doge coins?

 

[fritsthegirl]

Excepted? Or accepted? It's just that I've got a billion bit coins to blow, so you know, I need to know one way or the other.

 

[moresound]

Sorry ... Receiving bit coin on transactions.
How did you get so many?

 

[fritsthegirl]

I virtually sold myself during a slump.

 

[moresound]

I virtually sold myself during a slump.

Dang! Now your bitless.

 

[Manslick]

It's just that I've got a billion bit coins to blow,

Not possible.

 

[valverec]

Aren't people a bit worried about bitcoin...after the hacks/losses, and suicides of bitcoin related CEO's?

If the company you're in business with gets hacked...your value/bitcoinage, can just disappear overnight and there's no governmental body there to stop it or get the value back.

 

[Greg_L]

How about toll road tokens? Or Chuck E Cheese tickets? I got tons of those.

 

[fritsthegirl]

Aren't people a bit worried about bitcoin...after the hacks/losses, and suicides of bitcoin related CEO's?

If the company you're in business with gets hacked...your value/bitcoinage, can just disappear overnight and there's no governmental body there to stop it or get the value back.

I assume by 'governmental body' you mean tax payers.

 

[notCardio]

How about toll road tokens? Or Chuck E Cheese tickets? I got tons of those.

Been on a ski-ball binge again?

 

[moresound]

Aren't people a bit worried about bitcoin...after the hacks/losses, and suicides of bitcoin related CEO's?

If the company you're in business with gets hacked...your value/bitcoinage, can just disappear overnight and there's no governmental body there to stop it or get the value back.

It's the same with any form of money.

 

[valverec]

It's the same with any form of money.

Your money in a bank is backed up by the federal reserve up to roughly $200,000. If someone hacks your bank and steals all their money, or walks in with a gun and steals all their (your) money, the government gives you your money back.

Bitcoin has no such guarantee. And half a billion dollars in bitcoin just vanished. Those people who's bitcoin was hacked and stolen just lost it with no recourse. It's just gone.

Don't get me wrong, I love the idea of bitcoin. I hope they find a way to save it, but right now, after the half billion dollar loss, I'd be pretty nervous. They clearly don't have the security side down yet. It's a lot like owning a stock and trading stocks for physical goods, in that regard.

Bitcoin's Price Plummets As Mt. Gox Goes Dark, With Massive Hack Rumored - Forbes

Another way that it's like stocks is that the value is very volatile. So if you had traded a $1000 piece of gear for the equivalent value in bitcoin in December, you would have lost half of your $ equivalent value since just December, if you didn't spend it right away.

 

[moresound]

No bit-coin for me!