Anybody heard of these?

lncoop

Vice Admiral
Joined
Apr 18, 2010
Messages
5,147
Re: Anybody heard of these?

I assume we're talking about Bitcoins? Saw a headline today decrying them as a Ponzi scheme. Didn't have time to read the article and really know nothing about them, but I have heard of them.
 

Maclin

Admiral
Joined
May 27, 2007
Messages
6,761
Re: Anybody heard of these?

I heard about Bitcoin and others and wondered what would happen if there was no electricity or WiFi or other Net connections, or some servers somewhere went down hard. All the worth is locked away unless the electrons flow. It can happen to brick and mortar banks also, but banks have to have some kind of manual backup or they do not pass muster.
 

fishrdan

Admiral
Joined
Jan 25, 2008
Messages
6,989
Re: Anybody heard of these?

Me name are Prince Toc Tok McGimbie of Zimbabwe, Africa. I seeks politoco assylum and wood gladly transfer you 100,000,000,000 Bitcoin if you wills send me $10,000 US dollars that I nead four safe passage to U.S.A. Thanks so much and God Bles!
 

MTboatguy

Fleet Admiral
Joined
Jul 8, 2010
Messages
8,988
Re: Anybody heard of these?

I am with Bubba on this one, I don't know if this is the one, but whether we like it or not, one of these days we are going to have a universal cyber bucks.
 

lncoop

Vice Admiral
Joined
Apr 18, 2010
Messages
5,147
Re: Anybody heard of these?

Yeah I know but the truth is "tech" tends to always fail at the worst possible moment.

Once again, that's what stop orders are for. I've known a few folks who have wished they hadn't entered one, but I've known MANY more who wished they had.;)
 
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