Bit Coins - Be Careful -

**prime14k** · 03-27-2013, 04:48 AM

backed by electricity instead of gold.... and yet it has increased in value from 0.22 cents to 80 dollars a unit in a little over 3 years... too fast too furious?

**AcesUp1439** · 03-27-2013, 11:52 AM

Have never messed with them at all. I have heard alot of people talk about them. Thanks for the info Zab.

**KENTUCKYMEL5** · 03-27-2013, 02:03 PM

No.1: The way its set up is similar to the human DNA chain. the bitcoin system uses whats called a block-chain.[there are so many'slots' it can take up to 3 days of super-computer hunting just to get one],hence the 'miners'. miners are paid 75 bitcoins,yea,75 lol just to locate a prospective client a longggg azz number to be used for his transactions.yesterday one bitcoin was $71.00. last time i used Mt.GOX they were 47.00.that was last year. hackers have got in the system,the last one netted the hackers only 12,000 bitcoins.but,those were not an individuals holdings.no one knows any one and its completely anonymous. you get this super long string of numbers and letters when you open an account,if you lose that number,your basically screwed.people that use it have that number copied and put in a safe place. the u.s. government naturally despises any one or any corporation that they cant control.but they might as well go piss in the wind. the last time i looked,there were over 20 million computers logged in to the super block.haha,let the gov. go screw with that. you can get in 'certain' plces on the web to get more detailed info on bitcoin. i have used it,with no problem,SO FAR lol. would i recommend it? not for the casual p-c user,and not for any amount more than 1 bicoin.you can buy them singly or a maximum of 50,000 per day.sshhtt, i dont know anyone gonna be buying 50k around here.at $71.00 apiece. if anyone just has to try it, i strongly recommend only purchasing 1.