Cryptocurrency

[BrilloPad]

I wonder how gold would work as a currency. Would you have to chisel little bits of it off the bar to do the grocery shopping?

I one worked on a precious metals trading system. The back office is complex as the traders only trade approximate amounts. The actual bars have to be weighed....

[greenlake]

what's the point of money you can't spend?? sounds like one huge con to me. i think i'll stick to cash.

Here's your answer....

Vegas strippers are now accepting Bitcoin | Mashable

If you've amassed a fortune in Bitcoin and don't know how to spend it, here's an idea: Go to Las Vegas and squander it all on booze and lap dances.

Legends Room is a "gentleman's club" that accepts Bitcoin, Ethereum, and its own cryptocoin LGD for all transactions.

[Jog On]

I one worked on a precious metals trading system. The back office is complex as the traders only trade approximate amounts. The actual bars have to be weighed....

Does that help me buy a bag of chips when the FIAT system collapses?

[BrilloPad]

Does that help me buy a bag of chips when the FIAT system collapses?

Only shotguns will.

[BR14]

You sell them on an exchange for cold hard FIAT currency.

nothing to stop the 'exchange' keeping the money and going bust though AFAICS.
no, - it's a massive con. - sod it!

[BrilloPad]

nothing to stop the 'exchange' keeping the money and going bust though AFAICS.
no, - it's a massive con. - sod it!

So is FIAT currency. However people have faith in it.

I was reading an article recently on the slow take up in electricity at the end of the 19th century. Steam was very popular for a long while afterwards. The same with computing - in the last 50 years some companies have made great improvements and others have stayed still.

It takes time for culture to change. Crypto needs time....

[FrontEnder]

nothing to stop the 'exchange' keeping the money and going bust though AFAICS.
no, - it's a massive con. - sod it!

It's only a matter of time before they're licensed and regulated.

The exchanges are quite profitable, taken a small% of every transaction is pretty lucrative. I don't think there's an incentive for the ones that have been operating for a while to take your money and run.

I'd be very wary of new ones though.

[BR14]

It's only a matter of time before they're licensed and regulated.

The exchanges are quite profitable, taken a small% of every transaction is pretty lucrative. I don't think there's an incentive for the ones that have been operating for a while to take your money and run.

I'd be very wary of new ones though.

ok, but when i see something touted to be the next greatest thing, which is easy to buy with normal currency, but complex and difficult to sell, - i smell rats.
being a professional cynic helps too

[FrontEnder]

ok, but when i see something touted to be the next greatest thing, which is easy to buy with normal currency, but complex and difficult to sell, - i smell rats.
being a professional cynic helps too

It's no harder to sell than it is to buy.

[BrilloPad]

It's no harder to sell than it is to buy.

Whenever I google about buying bitcoins, lots of articles appear. When I google selling or using, very few show up.

What am I missing?