[cryptome] Re: 1st British Bitcoin Exchange due to open

  • From: Aftermath <aftermath.thegreat@xxxxxxxxx>
  • To: "cryptome@xxxxxxxxxxxxx" <cryptome@xxxxxxxxxxxxx>
  • Date: Mon, 4 May 2015 18:04:07 -0700

I use a credit card or PayPal for
purchases on line as this guarantees that I get my money back if anything
goes wrong,

Tell that to wikileaks ;)

and I don't need to have a wallet on my computer to keep account
of the money. If the computer goes pear-shaped, I can always go to my
account online and pick up from there. With Bitcoin, if something goes
wrong, I have lost the lot, and have no way of getting my money back. I
have little or no need for anonymity in my buying and selling, but do
appreciate security accompanied by accountability.

bitcoin is not without its own pitfalls. Stability is one, user adoption
along with its learning curve is another.

with bitcoin you are forced to take responsibility for the security of your
own money. With your money in the bank/with visa/with paypal etc, you are
giving up control of your funds to a third party. If they fuck up and lose
it, insurance covers the loss (most of the time).

speaking for myself, I dont need my hand held. I dont advocate putting all
your funds into bitcoin or any cryptocurrency, but as far as low-cost world
wide transfers that are somewhat private, it is my go-to method

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