Bitcoin
- steamboat28
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- Si vis pacem, para bellum.
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09 Jan 2014 04:00 #132516
by steamboat28
Pffft. disclaimers. *handwave*
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Replied by steamboat28 on topic Bitcoin
Wescli Wardest wrote: I am not a financial advisor nor should anything I say be taken as financial advice. All finances should be talked over with a professional financial planner.
Pffft. disclaimers. *handwave*
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The following user(s) said Thank You: Wescli Wardest
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09 Jan 2014 14:12 #132559
by ren
Convictions are more dangerous foes of truth than lies.
bitcoin works just like any fiat money. The only difference is bitcoin isn't established by a government... As such not only will bitcoin not declare war on orther countries in order to maintain its exchange rates, it has no interest in exchange rates. It would need a central bank and significant assets though to be able to protect itself from speculators and such.
Convictions are more dangerous foes of truth than lies.
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09 Jan 2014 15:40 #132565
by steamboat28
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Replied by steamboat28 on topic Bitcoin
In much the same way that you would exchange currency when your visit to a foreign country is over; you sell it back to people willing to trade it for the currency you'd rather have, I think.
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09 Jan 2014 15:42 - 09 Jan 2014 15:43 #132566
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Yup.
The same website you buy it from has people selling it too
(that's how you buy it
)
Replied by on topic Bitcoin
steamboat28 wrote: In much the same way that you would exchange currency when your visit to a foreign country is over; you sell it back to people willing to trade it for the currency you'd rather have, I think.
Yup.
The same website you buy it from has people selling it too


Last edit: 09 Jan 2014 15:43 by .
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