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BTC is far from a stable and accepted currency, and the fluctuations in USDBTC are still being driven by developments in the bitcoin community (e.g. good press,
by niggler 14y ago
BTC is far from a stable and accepted currency, and the fluctuations in USDBTC are still being driven by developments in the bitcoin community (e.g. good press, bad press, technical issues, new sites that accept BTC).
- cpeterso 14y agoYesterday in Palo Alto, California, John Schultz was mugged for 10 Bitcoins, a volatile new digital currency based on complicated calculations. “It was terrifying”, John exclaimed, “he handed me a pen and waited patiently for 45 minutes while I wrote down the encrypted text required to retrieve the money”. The stolen Bitcoins were valued at $415 at the time of the mugging, but fluctuated between $600 and $3 during the time John was walking home. http://nickcammarata.com/man-mugged-for-10btc http://nickcammarata.com/man-mugged-for-10btc
- oleganza 14y agoThis proves the opposite. It is much harder to steal bitcoins than cash or bank deposit. You have to infect the computer, break the password, and know where to go in the first place.