Crypto Currency Experts ?

[BIGLRY]

https://techtalk.pcpitstop.com/2016/...itcoin-breach/



https://techtalk.pcpitstop.com/2017/...&share-ad-id=1

Humm... I thought about them, but decided it was not for me. "They’re a digital currency. Therefore, there is nothing tangible about them. They have to be stored in a digital wallet. These “wallets” vary based on the type of device used (computer, phone, tablet, external hardwallet, etc.), and come with potential risks." a risk I personaly did not want to take. "Ultimately, it’s a risk. But aren’t all investments? Bitcoin value changes daily, similar to the stock market.

The second risk are the hackers. Cyber criminals know the value of one bitcoin. They know its value has skyrocketed. They also know this is a digital currency that is often kept on one’s devices. How convenient — hackers know how to hack into devices! Once the bitcoin is hacked, it’s gone.

The last risk is losing the bitcoin because of hardware failures. If your hard drive crashes and the data isn’t recoverable — neither is your bitcoin. Ouch! Or if you store your bitcoin on an external storage device and lose that device, it’s gone. That would be a hard pill to swallow.

Are you okay with those odds?"

[Broken Hand]

BTC (bitcoin) is a strange concept to wrap one’s mind around. There are crypto currencies popping up all over now. I took a dive into IOTA which is a currency for the Internet of Things. Microsoft, Bosch, Volkswagen, Cisco and dozen more companies have jumped on that technology. It’s money I’m willing to lose, but the speculation can’t be denied.

BTC is like the U.S. dollar reserve for trading barrels of oil. Every other crypto is valued against BTC. BTC will be around a long time, but cashing it out is when the government will get you.
It’s too hard at this point to strictly live on BTC. Still need cash. I don’t see BTC going to zero, but I can this crypto bubble pop when new technology in the future supplants it.

America seems to be inching toward a cashless society, still decades away, I think.

[MisterB]

Proof that bitcoin and cryptocurrency has "arrived".

https://www.theonion.com/bitcoin-plu...raz-1821134169
https://www.theonion.com/bitcoin-on-...ncy-1821128169

[BIGLRY]

Proof that bitcoin and cryptocurrency has "arrived".

https://www.theonion.com/bitcoin-plu...raz-1821134169
https://www.theonion.com/bitcoin-on-...ncy-1821128169

Humm...
"NEW YORK—Saying it may account for the precipitous drop in the digital currency, financial experts on Friday told reporters that the recent plunge in bitcoin value could reveal vulnerabilities in crazy imaginary internet money. “This should serve as a clear indicator of how susceptible weird invisible money that only exists online can be to sudden fluctuations in the market,” said economist Bernard Gregerson, explaining that the 18 percent decline in bitcoin’s value might be a predictor of more drastic fluctuations to come in the price of bizarre make-believe cryptocurrency that has no reality in the physical realm. “This volatility may be connected to the fact that we’re dealing with a pile of ones and zeros with no attachment to any bank or government and calling it legal tender, but we can’t say for certain.” At press time, bitcoin had recouped some of its losses, which experts attributed to the fact that even ghost money best suited for anonymously buying heroin could sometimes rebound."


Yea...I love that line "ghost money best suited for anonymously buying heroin"

[Phantom]

Proof that bitcoin and cryptocurrency has "arrived".

https://www.theonion.com/bitcoin-plu...raz-1821134169
https://www.theonion.com/bitcoin-on-...ncy-1821128169

The ONION is a Satirical website, over the years it has created some funny reports solely for entertainment.

[BIGLRY]

The ONION is a Satirical website, over the years it has created some funny reports solely for entertainment.

Yea they do some funny stuff, always good for a laugh.

[MisterB]

The ONION is a Satirical website, over the years it has created some funny reports solely for entertainment.

Yep, my point is that a certain level of notoriety is required before you will appear in the Onion or MAD.
Regarding Bitcoin, when it started out it seemed like it was going to be some cool, counter-culture, underground way of making payments off the grid or bypassing traditional methods.
It doesn't look like that any more.

[willtill]

Bitcoin mining 101

https://www.bitcoinmining.com/

[Davidk]

Now you have gone and done it! This is why we can't have nice things

North Korea is hacking bitcoin exchanges as currency value soars, expert says

http://www.foxnews.com/world/2017/12...pert-says.html