Posted 28/11/2012 11:01 #1224333 - in reply to #1224317 Subject: Re: Bitcoin
First Team Regular
Posts: 1337 Location: Yorkshire
Bitcoins are a volatile unit of internet currency, I read up on them a while ago, they are untraceable so are used by black market internet dealers. They can also be hacked, there is a wiki article about them. I have never owned or earned any.
Posted 28/11/2012 11:13 #1224339 - in reply to #1224333 Subject: Re: Bitcoin
Vital Villa Legend
Posts: 15789 Location: Kuala Lumpur (if that's a real place)
SherlockGT - 28/11/2012 20:01
Bitcoins are a volatile unit of internet currency, I read up on them a while ago, they are untraceable so are used by black market internet dealers. They can also be hacked, there is a wiki article about them. I have never owned or earned any.
I've no idea what you are talking about but I love the idea of some dodgy guy in a trench coat selling internets from the back of a van.
Posted 28/11/2012 11:31 #1224346 - in reply to #1224343 Subject: Re: Bitcoin
First Team Regular
Posts: 1337 Location: Yorkshire
I think they key points to note are that it is regulated by a peer to peer network rather than a central bank, and is an untraceable method of transferring funds. Its all very geeky and I don't really understand it either.
Posted 28/11/2012 17:11 #1224484 - in reply to #1224317 Subject: Re: Bitcoin
Vital Villa Legend
Posts: 15789 Location: Kuala Lumpur (if that's a real place)
According to this video, it's internet money that you can use to buy things online. They are calling it a revolution in banking but I can't see it. You need to download a programme called a bitcoin miner and then you get free coins every so often. You can buy them and sell them on an open market.
Posted 28/11/2012 17:39 #1224492 - in reply to #1224484 Subject: Re: Bitcoin
Team Of 82 Champion
Posts: 6741 Location: Yam Yam land, where being a tata is the norm
Arr i heard about this on the news a while back, the russian govenrment invested a shit load in it and got hacked lol they lost billions, i wouldn't recomend it lads stay away!!
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