1. Lewdog
    Offline

    Lewdog Come ova here and give me kisses! Supporter Contributor

    Joined:
    Dec 9, 2012
    Messages:
    7,530
    Likes Received:
    2,826
    Location:
    Williamsburg, KY

    Sorry Bitcoin Users

    Discussion in 'The Lounge' started by Lewdog, Feb 25, 2014.

    Good Grief, it was bound to happen. A bitcoin exchange took the money and ran.

    https://news.yahoo.com/bitcoin-exchange-mt-gox-39-website-down-053727771--sector.html

    After earlier this week many bitcoin users had their accounts hacked and coins stolen, now comes news of an exchange that has just shut down and left with people's bitcoins and money. This is the risk you take with unregulated money!
     
  2. mammamaia
    Offline

    mammamaia nit-picker-in-chief Contributor

    Joined:
    Nov 21, 2006
    Messages:
    19,316
    Likes Received:
    1,014
    Location:
    Coquille, Oregon
    i just saw a news blurb that ATMs for bitcoin are in the works [or already on the street?]... don't know exactly how that'll work, though, since the things are not in tangible form... or are they...
     
  3. Lewdog
    Offline

    Lewdog Come ova here and give me kisses! Supporter Contributor

    Joined:
    Dec 9, 2012
    Messages:
    7,530
    Likes Received:
    2,826
    Location:
    Williamsburg, KY

    No it would just give you a virtual conversion at the ATM. So if you cashed in .02 bitcoin you would get (x) amount of cash based on the bitcoin at the time.

    You can actually get your bitcoin made into a tangible item, it is just a coin with the bitcoin reference number on it. I think a guy out in Colorado started making them.
     

Share This Page