£60 million Bitcoin theft in progress…

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  • £60 million Bitcoin theft in progress…
  • Premier Icon molgrips
    Subscriber

    Yes. If there were a place where only bitcoins were used for everything then it’d be fine. But as they can be traded with other currencies their exchange rate varies massively, and the price is going to go through the roof.

    Still can’t see how this is an advantage to anyone except speculators.

    Oh and if I held a lot of them I’d be keeping a close eye on quantum computing developments…

    Sui
    Member

    If they are just codes, how can there only be a finite amount. As has been said as processing power increases someone will figure out how to make more, it’s always the case..

    maxtorque
    Member

    if they are “Unique” numbers, why can’t they just be voided?

    Premier Icon molgrips
    Subscriber

    I think that the keys are based on prime numbers…. so you have to test each number to see if it’s a match, but the numbers get fewer and further between. And presumably there’s a highest number…?

    Premier Icon Lifer
    Subscriber

    Flaperon – Member
    Good. No sympathy with anyone in the Bitcoin movement; the ones with the most deserve to lose the most.

    Why?

    csb
    Member

    And why is the criminal not detectable at the point of transfer between virtual and real currency?

    Premier Icon molgrips
    Subscriber

    Because anyone can trade bitcoins with normal money. There’s no way of telling where my bitcoin came from.

    beiciwr64
    Member

    Bit coin on bit of a rollercoaster!
    Down 50% for a short time.

    Premier Icon epicyclo
    Subscriber

    The whole bitcoin idea is brilliant, but as we’ve seen it’s vulnerable.

    I’m starting up a competitor called ActualCoin using small copper bronze tokens that are cunningly disguised to conceal their value.

    They will be £1 each to start, but if bitcoin is a guide their value will rise dramatically.

    Here’s a pic – their resemblance to existing currency is purely coincidental.

    For a limited time, buy one and get another free.

    sobriety
    Member

    Cool, I’ve got some of those Actual Coins, if I send them to you can I have their value in pounds please.

    Premier Icon epicyclo
    Subscriber

    sobriety – Member
    Cool, I’ve got some of those Actual Coins, if I send them to you can I have their value in pounds please.

    Alastair Darling is my agent for that sort of exchange. 🙂

Viewing 11 posts - 41 through 51 (of 51 total)

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