Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: TexasGator
The ATM in Austin Tx requires access to your phone, checks your palm print, face ID and gov’t issued ID....

What have we come to when we have to fear using even small amounts of cash?

A lot of folks think the reason Bitcoin exists is so criminals can anonymously move their illegally gotten gains around - not true. Bitcoin was invented to provide a medium of exchange over the internet for small amounts of value between "geeks".

These units once valued at $0.01 each, increased to over $1,000 each at one time because or their scarcity and utility. The criminal element discovered them but as we've seen, it hasn't kept them from jail. Bitcoin's main deal is its distributed ledger able to be viewed by anyone. If you know who an address belongs to, no doubt the NSA/FBI does to a large extent, transactions to and from that address are easy to find.

Anonymous transaction .....

Stick with using cash. ;)

If you're looking for utility in a medium of exchange, and one that will "likely" hold or even increase in value, crypto currencies might interest you.

4 posted on 03/24/2014 8:49:39 AM PDT by Errant (Surround yourself with intelligent and industrious people who help and support each other.)
[ Post Reply | Private Reply | To 3 | View Replies ]


To: Errant
Just to make my previous post more exact ...

The BITCOIN ATM in Austin Tx requires access to your phone, checks your palm print, face ID and gov’t issued ID....

5 posted on 03/24/2014 8:52:09 AM PDT by TexasGator
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson