Transferring out of Bitcoin

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Topic: Transferring out of Bitcoin (Read 2123 times)

EnfoncerQ2

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Re: Transferring out of Bitcoin

August 23, 2014, 04:43:15 PM

#21

How do I guarantee my bank will not freeze my bank account if i want to cash out?

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)

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lucaspm98

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Re: Transferring out of Bitcoin

August 23, 2014, 09:37:14 PM

#22

At this point most merchants are exchanging their bitcoin sales immediately to fiat, but once they see the potential of bitcoin and/or have extra cash or large profit margins hopefully they will keep at least a few percent of their sales in bitcoin.

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