BitCoins New Virtual Currency

[BettorsChat]

Anyone been keeping up on these bitcoins? They are a new virtual payment format to which more and more stores are starting to take for payment of goods. These things started out under $1 and I think there trading at over $700 per coin now.

[Sirporkie]

It has been fluctuating quite a bit over the past few months and is unregulated.

[BigWeiner]

So stupid. AmWay. The second it tanks, everyone that has it is screwed.

[kbsooner21]

Another get rich quick ponzie scheme.

[Big Country 5]

Yeah,I researched it about 6 months ago.I agree its gonna fuck a lot of people.Chinese banks have already blackballed it,and its not a physical currency.What happens if computers crash and so forth.You wanna really be confused,look up bitcoin mining,and try to figure that shit out.

[Sirporkie]

I think we all agree it is wise not to get involved!

[BettorsChat]

I think we all agree it is wise not to get involved!

I don't know as more and more stores are accepting Bitcoins for payments. In the UK they have put insurance on bitcoins. Also ATM machines starting to use them. Zanga started using Bitcoins as well. Overstock is now using them as well. It's looking like Amazon and Target are going to start using them.

The problem is that the Federal Government here owns the most bitcoins. They could easily wipe it out. Wouldn't surprise me as then some rich contributors to campaigns then could open a new version of virtual currency.

[BettorsChat]

There are even more virtual monies out there. Quite a lot actually by doing a search. I know some big stores are now accepting bitcoin.

[kbsooner21]

The world has gone whacko

[BettorsChat]

The world has gone whacko

A virtual currency will eventually succeed it's just a matter of which one.

[kbsooner21]

A virtual currency will eventually succeed it's just a matter of which one.

Yea, and I'll start flying a broomstick to work

[Watchtower76]

A virtual currency will eventually succeed it's just a matter of which one.

good luck

http://www.zerohedge.com/news/2014-0...t-gox-finished

[BettorsChat]

good luck

http://www.zerohedge.com/news/2014-0...t-gox-finished

That's only 1 trading station.

Bitcoin ATM's Come to the USA
http://www.usatoday.com/story/money/...ustin/5623387/

Mt. Gox bitcoin price falls below $100 as withdrawal suspension continues
http://www.pcworld.com/article/21001...below-100.html