Bitcoins
crazyjoe
Colorado
Maybe this really did in the Dougster...sounds like Bitcoin is done.
The website that exchanged bitcouns for currency shut down while $365M in Bitcoins still out there vanished.
I personally never invested in Bitcoin. I personally invested that money in lap dances. At least i got something for my dollars.
https://www.washingtonpost.com/news/inno…
The website that exchanged bitcouns for currency shut down while $365M in Bitcoins still out there vanished.
I personally never invested in Bitcoin. I personally invested that money in lap dances. At least i got something for my dollars.
https://www.washingtonpost.com/news/inno…
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8 comments
The worst thing? It's not like you could go to a store to buy them, you had to go through a ton of steps to get them. There were also a handful (like under 20) ATM machines in the USA where you could exchange your Bitcoin out for cash.
the dicey part of bitcoin was the transaction anytime people tried to exchange bitcoins for U.S. dollars and vice versa. People kept fixating on that. That was part of the downfall. It also played into the bubble. People were trading bitcoin like it was FOREX or some commodities/futures, which it sort of was, but not really. It was just a decentralized way to pay for goods & services without using "banks" or when cash was inconvenient to move.
IMO. I may be wrong on all of the above.