[Chugalug] OT: Bitcoin prices almost at record highs again

Stephen Kraus ub3ratl4sf00 at gmail.com
Tue Feb 19 18:17:47 UTC 2013


I'm willing to play skeptic for now.

On Tue, Feb 19, 2013 at 1:16 PM, Aaron welch <n2nightfall at gmail.com> wrote:

> A currency is not an investment.  A currency is used in exchange of goods
> or services.  Like all currencies, Bitcoins can be stolen as easily as your
> wallet left out in public.  The currency system itself is pretty sound
> (more so than the Federal Reserve/Treasury Dept), but their electronic
> format makes them easier to locate and steal for those with the means and
> the will.  "Investing" in Bitcoin is a risky endeavor that COULD pay off
> big, but alot of people thought that about the Ginko bank system in Second
> Life a few years back as well.
>
>
> -AW
>
>
> On Tue, Feb 19, 2013 at 1:11 PM, Stephen Kraus <ub3ratl4sf00 at gmail.com>wrote:
>
>>
>> http://www.dailytech.com/Second+Bitcoin+Hack+Highlights+Challenges+Resilience+of+Anarchic+ECurrency/article27776.htm
>>
>> That is just one of two instances I know of.
>>
>> It is a distributed system....but it has still been subject to regular
>> theft:
>>
>> http://en.wikipedia.org/wiki/Bitcoin#Incidents
>>
>> Like I said, I like the idea of the Bitcoin, I don't trust it yet as
>> alternative to proper investments.
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>
>
> --
> Aaron Welch
> Chief Mechanic @ Geek Ventures
> 423-505-9999
> n2nightfall at gmail.com
> "Enabling people to do great things with their own ideas."
>
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