Posted by lotsofmoney > 2013-04-12 16:44 | Report Abuse

What is money ? Just a piece of paper and yet it causes so much trouble. Bitcoin is just the start. Wait for the actual virtual money which you can use anywhere like Euro in Europe.

Posted by passerby > 2013-04-12 16:45 | Report Abuse

ahhh... finally got some article on bitcoin here :)

Posted by lotsofmoney > 2013-04-12 17:01 | Report Abuse

I don't how strong is Bitcoin's firewall to hacking. If the webside got hacked, then disaster and all you money would just disappeared. Even 100% insured against gold or USD, it would take years to get your money back. The beauty is the Tax man cannot get you and you can launder all the money you want (if your are illegal armtraders, robbers, drug kings etc etc.)

A better system is to have at least 10 biometric to varify the transfer of credit, the reasons for the transfer, place and time of transfer and who did the transfer.