Posted on 03/06/2014 7:29:24 PM PST by Mad Dawgg
Reading over your post again...I want to point out that Bitcoin can be stored physically. A copy of the private key can be printed off on a piece of paper and stored in a safe. However, the only way to conduct a transaction is through electronic means.
Even with the “recent news”, if you don’t keep your Bitcoin on an exchange and make sure that however you store them is secure, they won’t be lost. They may loose value as many on FreeRepublic point out. At this point I would never hold more Bitcoin than I would reasonably spend in a week or two. $50-$75 or so. If the value craters to $25, oh well.
Like most things discussed about Bitcoin on this throw back website your statement is factually incorrect.
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