Computers - Software Hardware : Bitcoin - the cryptocurrency crypto-anarchist and libertarians can agree on.

Discussion in 'Science and Technology' started by Gorilla, May 1, 2013.

  1. Gorilla

    Gorilla Well-Known Member MEMBER

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  2. Gorilla

    Gorilla Well-Known Member MEMBER

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  3. Gorilla

    Gorilla Well-Known Member MEMBER

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  4. Destee

    Destee destee.com STAFF

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  5. Gorilla

    Gorilla Well-Known Member MEMBER

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    It's a digital crypto-currency. It's meant to be like a digital form of cash that's kind of anonymous.
     
  6. Gorilla

    Gorilla Well-Known Member MEMBER

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  7. Destee

    Destee destee.com STAFF

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    Where would i use it ... where would i buy some ... is it like a group of sites that use this for currency?

    I had never heard the term before reading this article, at least i don't think, but it must be big ... huh?

    Wikipedia said this : FBI seized over 26,000 BTC, which at the current price of $140 each, made more than $3.6 million.

    They cost $140 each?! ... so you buy bitcoins, then use those to buy products / services?

    Are they only used in the deep, hidden, underground of the Internet?

    Any reputable, above board places use them?

    I know i got a lot of questions, but you're a man with a lot of answers ... :)

    Thanks in advance.

    Much Love and Peace.

    :heart:

    Destee
     
  8. Destee

    Destee destee.com STAFF

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    Gorilla ... thank you ... i've merged the threads and i'm gonna see if i can understand this.

    Thanks a Bunch! :wave:

    :heart:

    Destee
     
  9. Gorilla

    Gorilla Well-Known Member MEMBER

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    You could purchase them from an exchange:
    https://www.mtgox.com/
    https://coinbase.com/ (my preferred exchange)

    They could alternatively be purchased directly from someone, say in exchange for paper cash, and the person would send the money to your digital wallet.



    It's not really widely adopted. It's been getting a lot of momentum lately though. The early adopters who got in when bitcoins were less than a dollar must be happy.

    Price changes, but right now that's about right (~150 when I checked), but yeah. You buy bitcoins (however much you want you can divide a single bitcoin up and get just the value you want to give or buy).

    Sorry, left out part of an answer. There are legitimate uses for bitcoins. I use it to purchase a month's worth of VPN service. You can also use it to anonymously donate to causes you support if the organization accepts them (EFF, Wikileaks etc).

    There are people out there working on spreading adoption and working on innovative ways to take them off the computer and use them in physical stores / atms etc.




    I'm just a guy on the Internet.
     
  10. Gorilla

    Gorilla Well-Known Member MEMBER

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