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FROSTY X RIME
Posted: Friday, January 12, 2018 7:05:50 PM

Rank: Advanced Member

Joined: 10/20/2015
Posts: 965
Neurons: 10,224
Hello everybody,

I wonder what the use bitcoin have other than paying for ransom money online in order to get your computer free that have been held by hackers.
I read an article once that you can use it to buy groceries as well but I doubt it or if so, it must be very limited cases.
I do online shopping occasionally but I have never seen an option of bitcoin for payment.






What should be shall be-The fellowship of the ring-
Abdelkrim
Posted: Friday, January 12, 2018 9:10:58 PM

Rank: Newbie

Joined: 5/1/2011
Posts: 37
Neurons: 18,287
Location: New York City, New York, United States
Bitcoin is selling dreams online for people who believe they will end up rich by flushing their money in the toilet.
taurine
Posted: Saturday, January 13, 2018 3:27:38 AM

Rank: Advanced Member

Joined: 4/20/2016
Posts: 744
Neurons: 60,199
Location: South Dublin, Ireland
I had some time ago a talk with my good colleague who is a Czech.
It looks like in Europe it is most advanced country in terms of use Bitcoin.
You may, for example, pay for coffee, there. Especially in Prague.

I am not a fan of Bitcoin, because I don't understand the economy underpinning the value of cryptocurrency.
In my view it is mostly based on speculation dictated by demand.

I am also not sure, is it a legal tender...
Víctor Lplz
Posted: Saturday, January 13, 2018 3:59:39 AM

Rank: Newbie

Joined: 5/19/2015
Posts: 34
Neurons: 1,509,701
Location: Zaragoza, Aragon, Spain
Bitcoin is a Ponzi scheme.
almo 1
Posted: Saturday, January 13, 2018 4:16:30 AM
Rank: Advanced Member

Joined: 10/16/2016
Posts: 1,149
Neurons: 5,209
Location: Fussa, Tokyo, Japan



reuters.com/article/uk-global-bitcoin/bitcoin-slides-as-website-drops-south-korea-prices-from-virtual-currency-rates-


NEW YORK (Reuters) - Bitcoin sank on Monday after website CoinMarketCap removed prices from South Korean exchanges from its calculations of digital currency rates without any warning, resulting in a steep drop in all virtual coins they track.








reuters.com/article/us-southkorea-bitcoin/south-korea-plans-to-ban-cryptocurrency-trading-rattles-market-


SEOUL (Reuters) - South Korea’s government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion.






almo 1
Posted: Monday, January 15, 2018 3:56:25 PM
Rank: Advanced Member

Joined: 10/16/2016
Posts: 1,149
Neurons: 5,209
Location: Fussa, Tokyo, Japan












progpen
Posted: Thursday, January 18, 2018 4:08:21 PM

Rank: Advanced Member

Joined: 10/2/2015
Posts: 1,585
Neurons: 219,586
Location: Princeton, Minnesota, United States
Bitcoin and other crypto currencies have seen a lot of action and are very popular in many circles, primarily because they are seen as being anonymous. This is only partly true because by their very nature crypto currencies have to track every transaction very closely and it is this tracking that allows global law enforcement entities to follow the path of crypto currency transactions. It does, however, add a layer of obscurity to money laundering, tax evasion and other illegal activities when it is used in conjunction with other methods of hiding those activities.



Be kind but be fierce. You are needed now more than ever before. Take up the mantel of change. For this is your time.
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