[Gilbert]

The Bitcoin idea is a bit new to me even though it has been released since 2008 but i found it before a couple of weeks.


Anyways i want to hear what you think about it, is it worthy ? Should i use it ? Is Gaining coins easy ? Are there any alternatives ?

Since in my country we don't have any debit cards and PayPal is not supported so it's a bit hard to pay online but i've seen some web hosting services and other services that accepts BitCoin and thought i give it a try ..

[MyNinja]

It's really bad in sync..

[Sulps]

Yea its Good
I bought a VPS
using bitcoin and it seem to be working fine?

[thefatshizms]

It has major security problems aparently.

[R@f]

I don't see the point of having bitcoins except for buying stuff on Blackmarkets (TOR). It's just some unstable anonymous virtual money.

[playbox12]

Theres noone standing in for your money, if you lose it you lose it. There are cases of people losing hundreds of thousands of dollars by for example forgetting their password.

[Mauzen]

Bticoin mainly got a bad reputation because most trading websites got attacked at least once in the past months (obviously not to steal money or account data, but just to block bitcoin trades for a while)
The point of online currencies in general is anonymity (and this isnt only useful for illegal purchases) and decentrality. As their number is limited, once it is widely used and accepted, value cant drop like real currencies.

Quote:

Originally Posted by playbox12 Theres noone standing in for your money, if you lose it you lose it. There are cases of people losing hundreds of thousands of dollars by for example forgetting their password.

There also are cases of people losing hundreds of thousands of dollars because they forgot it at the train station. When it comes to real money, its your own responsibility to keep your password and any accounts safe. Forgetting the password, or getting hacked because the password sucks is nothing but the owners fault, and isnt related to the online currencies.

BTW, I doubled 200Ђ using bitcoins when public attention rose, while I never actually used it to buy something yet.

OT: If you can, give it a try. Several bigger online shops already accept bitcoins. Even amazon thought about it, but now they are rather interested in creating their own currency.

[Vince]

Not sure how this works .. You just download an application and let it sit there?

[KingHual]

P2P? Bad idea.

[MyNinja]

Quote:

Originally Posted by Vince Not sure how this works .. You just download an application and let it sit there?

Here's the thing of how it works (And proves how it's so unsecure)

1- You download your Bitcoin application
2- You wait for a week or less for your application to synchronise
3- You get your wallet ID and stuff
4- Do stuff, earn Bitcoin money..

And yes, just let it sit there.. It's practically stupid, dumb and idiotic. Wonder who got up with this weirdo ideas and spent 1000$+ on this