on Bitcoins

[bittertruth]

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[MOON Ki]

Except for the little matter of losing your money if you forget your password:

http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html

And remember the story of Mt. Gox losing people's money right on its own computers and then claiming that hackers had stolen it and then claiming that it had found some on an old disk-drive and  then ...   

[bittertruth]

Except for the little matter of losing your money if you forget your password:

http://www.telegraph.co.uk/technology/news/11362827/The-625m-lost-forever-the-phenomenon-of-disappearing-Bitcoins.html

And remember the story of Mt. Gox losing people's money right on its own computers and then claiming that hackers had stolen it and then claiming that it had found some on an old disk-drive and  then ...   

The value of bitcoin only exists in human minds, of course, value of things is based on consensus. However, it's natural that humans value something that facilitates collaboration like a currency. If we add to this features like durability, divisibility, consistency, fungibility, portability and SCARCITY, then we have a SOUND MONEY. If we add to this a DECENTRALIZED, CRYPTOGRAPHICALLY secure and potentially ANONYMOUS payment system with EXTREMELY LOW transaction costs and INSTANT transaction propagation like Bitcoin, then we have a good reason to value it, especially when compared to the LEGACY and CORRUPT monetary system controlled by central banks with the help of their friends.....

[MOON Ki]

The value of bitcoin only exists in human minds, of course, value of things is based on consensus. However, it's natural that humans value something that facilitates collaboration like a currency. If we add to this features like durability, divisibility, consistency, fungibility, portability and SCARCITY, then we have a SOUND MONEY. If we add to this a DECENTRALIZED, CRYPTOGRAPHICALLY secure and potentially ANONYMOUS payment system with EXTREMELY LOW transaction costs and INSTANT transaction propagation like Bitcoin, then we have a good reason to value it, especially when compared to the LEGACY and CORRUPT monetary system controlled by central banks with the help of their friends.....

There are numerous stories out there of hackers stealing bitcoins.   Here's one from a few months ago:

http://fortune.com/2015/01/05/bitstamp-bitcoin-freeze-hack/

The article also notes that

Overall, bitcoin has suffered a prolonged slump, sinking to $300 from a high of more than $1,000 at the end of 2013.

and

and

http://www.theguardian.com/technology/2014/mar/18/history-of-bitcoin-hacks-alternative-currency

It doesn't seem as inspiring as you make it.   I'm going to stick with the "corrupt monetary system" as long as my money is secure or covered by insurance.   

[RV Pundit]

Unless it ran by someone like WB or IMF or US or China gov...bitcoins is going nowhere. What is needed is digital money ran by say the UN.A global currency of exchange.