Bitcoins ..the latest nonsense, defended by the parochially "knowledgeable" There is no supporting, stable (= governmental) infrastructure. Security depends upon software deployed on readily hacked Microsoft Windows platforms. Security depends upon continual re-verification of transaction logs that can be forged and destroyed. "Money" has value because an entity with control over the economic behavior of millions or billions of people--and with governance over trillions or quadrillions of dollars--is willing to back it. Bitcoins are beyond foolishness.
The European Banking Authority has warned that bitcoin lacks consumer protections.[22] Unlike credit cards, any fees are paid by the purchaser, not the vendor. Additionally, bitcoins can be stolen,[23] and chargebacks are impossible.[18] As of July 2013, the commercial use of bitcoin was small compared to its use by speculators, which has contributed to price volatility.[24]
Bitcoins are sometimes used to purchase illicit items—including child pornography,[25] credit card details, and drugs—at deep web black markets and are seized by authorities when such sites are shut down. [source:Wikipedia]
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73!
