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BitCoin


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4 replies to this topic

#1 ex0syphen

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Posted 18 December 2012 - 04:40 PM

Hi guys! I found a cool thing called Bitcoin. It is a de-centeralized online currency, not controlled by any government or company.
This is their video:

http://youtu.be/Um63OQz3bjo

What do you think?
Is it safe to put your money in, would you use it?
Thoughts?

What if there were no hypothetical situations?

 

 


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#2 Andrew

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Posted 18 December 2012 - 05:06 PM

Any system is only as secure as its weakest part. While the Bitcoin system may be cryptographically sound, the system itself is less-than completely secure.

#3 Animal

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Posted 18 December 2012 - 05:20 PM

Not a chance I'd use it. See the following: http://en.wikipedia.org/wiki/Bitcoin

Scroll down to Section 7: Concerns

The Internet is so big, so powerful and pointless that for some people it is a complete substitute for life.
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#4 rotor123

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Posted 18 December 2012 - 05:27 PM

Not to mention
http://nakedsecurity.sophos.com/2011/06/21/bitcoin-currency-collapse-where-next-for-digital-cash/

Bitcoin currency collapse - where next for digital cash?

and http://nakedsecurity.sophos.com/2012/09/06/bitcoin-exchange-floored-in-virtual-bank-robbery-250000-stolen-in-security-lapse/

Bitcoin exchange floored in virtual bank robbery - $250,000 stolen in security lapse


I'll be passing on Bitcoins too.

Roger

Fortune Cookie says: Fortune not Found: Abort, Retry, Ignore?

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#5 ex0syphen

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Posted 18 December 2012 - 08:25 PM

I'll stick to cash then. Thanks!

What if there were no hypothetical situations?

 

 





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