Let's Talk About Bitcoins!

Let's Talk About Bitcoins!

Posted in the Business News Forum

“Hmmm”

Since: Nov 07

Atlanta, GA

#1 Apr 10, 2013
I'll be the first to say that I want to talk about it because I'm not sure I freaking understand it thoroughly. I understand it's a "currency" yes. I understand it operates via a peer to peer network.
Outside of this though, I need someone to explain to me what's to stop someone from counterfeiting? I mean how would you even know if you had a "Fake" bit coin? Is there a way for a hacker to steal my bit coins? I can't believe we're having conversations like this. Haha...

The idea sounds intriguing as hell. Hopefully someone out there knows what the heck I'm talking about. LOL. Surely I'm not the only financial nerd on here. I learned about these while holding a real estate seminar. A man was selling his house for Bitcoins and our class wondered what the heck they were. Now I own a freaking wallet. No coins yet mind you, but I do have a wallet.

I'm all ears, tell me what you know about them!

“Hmmm”

Since: Nov 07

Atlanta, GA

#3 Apr 13, 2013
EmmaWong wrote:
I found this site helps explain bitcoins a bit more.
If it isn't much help google is the best way to learn more.
Did I miss something? Where's the site?

“Hmmm”

Since: Nov 07

Atlanta, GA

#4 Apr 13, 2013
EmmaWong wrote:
I found this site helps explain bitcoins a bit more.
If it isn't much help google is the best way to learn more.
By the way, I need to mention it's not that I'm totally clueless as to what they are.
I mean I know how to use Google too LOL. I'm more interested in talking to people
who are actually using them to pay for things, sell things, so we can have some
deeper discussions about them before I decide how I feel about using them as
a means of exchange.

I know it's a digital currency. I know there's no central bank. I know that for some
reason it's based off a peer to peer network, and the "coins" are stored in each users
digital wallet. Outside of that I have deeper questions concerning storage, valuation,
etc.

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