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Originally Posted by PeaceOnesxWai
Interesting but skeptical. I saw what bitcoins were sometime ago but never thought it would actually be worth more value then purchased. Its getting out of hand how much each coin is worth but if there are idiots that believe its value and are paying for it, the coin will stay in value.
Also because of all the media attention right now, the value has risen immensely. To me its a big balloon thats going to pop once the government somehow get their hands on it. Its a new age ponzi scheme
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Cryptocurrencies are only worth what people are willing to pay for them. Nothing in existence has intrinsic value; it's ironic for you to call people idiots who're trading these things because you believe certain currencies have inherent value.
The government has explicitly stated bitcoins are a legitimate form of currency. Due to the nature of the network, no government is in a position to control or regulate the market. The most any government could do is outright attack the network, and I don't see that happening. Also please educate yourself on what a ponzi scheme is, and then educate yourself on the principle behind bitcoin and its introduction. Bitcoin is not a ponzi scheme. In fact no cryptocoin, even the obvious clones which have been cranked out to make a quick buck, are a ponzi scheme.
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Originally Posted by zerodameaon
Get that anonymous notion out of your head before it backfires in your face. These coins are not anonymous, anyone can track the blockchain, and with some more in depth forensics they can eventually track down locations based on IP address and such. Yeah its not as easy as looking at bank account names or credit cards etc but it is not anon.
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Mixing services are available. By default the use of these networks is not anonymous, however there are steps that can be taken to hinder or even stop tracking.