gleetree

4 ms·

1. 1.▲
   by gleetree 15y ago

   These are all centralized companies - if they go out of business what happens to your money? What if the company decides to print more of this money for itself? Napster went out of business becasue the government shut it down. Bittorrent is
2. 2.▲
   by gleetree 15y ago

   And how will they buy them? If they started buying them all the price would skyrocket and people would be more likely to hold onto them. And which government? The Chinese, The Russian the US? We'd see all nations suddenly rushing to buy bit
3. 3.▲
   by gleetree 15y ago

   I've transferred several thousand dollars worth of bitcoins in the last few weeks to a Chinese bank account - the exchange I bought them on didn't know what I wanted the bitcoins for. And the Chinese exchange I sold them on didn't know wher