DON’T WORRY!
I’ve been assured by Bitcoin enthusiasts on FreeRepublic that the cyber currency is essentially immune to fraud and theft!
They also assured me that, unless I got aboard the bitcoin bandwagon, I would lose my job as an IT executive because I *clearly* didn’t understand technology. (Funny... I’m still employed...)
Bitcoin is subject to extreme counter party risk.
“I’ve been assured by Bitcoin enthusiasts on FreeRepublic that the cyber currency is essentially immune to fraud and theft!”
Don’t forget the “virtue” of the completely unregulated bitcoin “exchanges”; you know, the beauty of a so-called “digital” currency operated by “institutions” whose trustworthiness makes Egyptian camel dung bazaars look as virtuous as FDIC insured banks.
Do you keep your private keys or leave them with someone else. If the former, then no risk. If the latter then the risk that they fold or abscond with your funds.