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

Lynn Dixon boodaddy at gmail.com
Tue Feb 19 18:19:55 UTC 2013


Investing in bitcoin is exactly like investing in FOREX. Or any other
currency exchange. You really are just playing the markets.
On Feb 19, 2013 1:17 PM, "Lynn Dixon" <boodaddy at gmail.com> wrote:

> In all fairness those hacks you mentioned were not directly related to the
> bitcoin system itself. They were attacks on websites that offer different
> services for bitcoin.
>
> The "theft" is essentially the same as not securing your online banking
> credentials. It is impossible to steal bitcoins unless you have direct
> access to a persons wallet, which is exactly like having direct access to a
> bank account.
> On Feb 19, 2013 1:12 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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