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Old 02-13-2013, 01:12 PM   #9
Mazzicc
Evil Dead
 
Join Date: Dec 2010
Location: a mile in the sky (Denver)
Posts: 1,590
Quote:
Originally Posted by Hagetaka View Post
The value of a single coin is adjusted. I posted a link earlier, check it out.

@Mazzicc: A lot of banks have those same problems. BitCoin doesn't claim to be immune to theft, or negative associations. It's a decentralized and easily transferable currency. That's it.
When my bank is robbed, it has insurance to reimburse me. When my bitcoin exchange is hacked, goodbye untraceable money.

I'm not saying don't use it, I'm saying there are risks to be aware of. A lot of people are using it like a stock exchange, and not as a currency, so the value is pretty volatile as well. Glad to see the few coins I mined with a collective a few years ago are worth something, but I'll likely never pay for any.
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