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Author Topic: 2013-01-30 Making Money off Virtual Money: Say Hello to Bitcoin  (Read 854 times)
payb.tc
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February 01, 2013, 11:38:50 AM
 #1

http://www.forexbrokerz.com/news/making-money-off-virtual-money-say-hello-to-bitcoin

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As it turns out, Forex traders are a creative bunch and don't like being limited to trading the currency pairs available at the moment. Some time ago, a developer named Satoshi Nakamoto decided to create a decentralized, completely digital currency. As a result of his hard work, now there is a significant group of traders that have been successfully trading this currency right under our noses for the past few years. The currency and open source software used for trading are both called Bitcoin.

it's interesting seeing rates written from a Forex trader's perspective:

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Initially, the Bitcoin was priced at 1,309.03 BTC per dollar, and now, four years later, the price is about 0.070771408 BTC per dollar
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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February 01, 2013, 11:48:09 AM
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Initially, the Bitcoin was priced at 1,309.03 BTC per dollar, and now, four years later, the price is about 0.070771408 BTC per dollar

Well, that's the news. Be prepared for a load of suckers buying in.  Grin

(Joking,... or not?)

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payb.tc
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February 01, 2013, 11:52:37 AM
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this line really shows the author's mindset:

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I feel more secure knowing the money in my wallet is authorized by the government

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February 01, 2013, 12:49:38 PM
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Yeah, ridicolous. Fail article  Roll Eyes "authorized" lol.
marcus_of_augustus
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February 01, 2013, 11:33:51 PM
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this line really shows the author's mindset:

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I feel more secure knowing the money in my wallet is authorized by the government


Wonder if she feels the need to be authorized by .gov to do other perfectly natural things? ... like eating?, sleeping?, taking a piss?

Some people are such mind-slaves that they will never see the mind-chains that bind them.

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