Posted on 08/03/2016 7:52:26 AM PDT by C19fan
Nearly 120,000 units of digital currency bitcoin worth about US$72 million was stolen from the exchange platform Bitfinex in Hong Kong, making it the second-biggest security breach ever of such an exchange.
(Excerpt) Read more at msn.com ...
I don’t have it.
What does it look like?
Is it bigger than a bread box?..........................
Here is what a bitcoin looks like......
I’d check the clintons first.
Five years ago, my son had a magic shield, a sword of wonder, and a white mustang steed stolen from his digital gaming episode....pretty serious, got him all peeved for a weekend.
A non-corporeal currency developed by a computer hacker and used to facilitate criminal conduct.
Still think that “bitcoin” is going to become an alternate currency and allow people to escape scrutiny by the tax men?
Its “value” is based on peoples’ belief that it can be exchanged for real money, or for goods.
If you want a financial hedge against currency madness, buy the real thing, gold. Bitcoin is at best a joke. At worst it is some kind of scam.
It was Jimmy Burke and Henry Hill.
“Is it bigger than a bread box?”
No. In fact, a bitcoin is so small that an infinite number of them can fit on the top of an infinitely small head of a pin. That’s actually one of the major advantages of a bitcoin: they’re really easy to transport because they are so small.
“used to facilitate criminal conduct”
Some people use it for that, but that’s not the intended purpose. Same can be said for any standard form of currency as well.
(ps... “computer hacker” is not a pejorative term, in case you were intending it that way)
Which is why the top 10 banks in the world are looking at it .....
“Its “value” is based on peoples’ belief that it can be exchanged for real money, or for goods.”
Well, it’s no different from fiat currency in that regard.
Same can be said of Federal Reserve Notes. Difference is, the FRNs are still there when the power goes out.
Well, they probably just misplaced them then....................
Or, a currency unable to be manipulated by the elites who want to crush ordinary people.
cam it be replaced with a 3D printer ?
Unlike Federal Reserve Banknotes./s
Annnnnd... it’s gone!
Not only that, but bitcoin has extreme counter party risk.
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