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OP seems to fail to grasp the fact that bitcoin is not issued by some bank, but rather individuals in the network. So to avoid the pitfall of "going to the ban
by vsviridov 13y ago
OP seems to fail to grasp the fact that bitcoin is not issued by some bank, but rather individuals in the network.
So to avoid the pitfall of "going to the bank to buy foreign currency" would be buying bitcoin from the individuals. There's #OTC and LocalBitcoins.com and the like that put individuals together to figure out best means of transfer. It carries risks, or course, but what doesn't?
- smackfu 13y agoThere are certainly degrees of risk. Like buying something from craigslist for cash is riskier than buying the same thing from a retailer.