For many people the thought of using an online e-currency can be a scary thing. We have all heard the horror stories of people being scammed and money being stolen by dishonest companies, but there are some companies out there that have worked hard to build up a good reputation for being honest and do what they can to fight frauds and scams that use e-currencies.
The Winklevoss twins are the ones who originally had the idea for a social networking site that became Facebook. They hired Mark Zuckerberg who took their idea as his own and became immensely rich.
12/11: Episode 11. Due to some logistical conflicts we found ourselves without a guest this week, but what you get instead is lots of strategy talk and a cameo from Gareth Chantler. [Visit Website] [Download MP3].
Stock markets reacted positively on the afternoon of Sept. 18, with the Dow Jones Industrial Average gaining 134 points (0.9) to 15,659, a record high. The S&P 500 index rose 18 points (1.1%) to 1723, also a record high. The Nasdaq Composite Index rose 28 points (0.8%) to 3774, its highest level since 2000. Stocks had a modest correction on Sept. 19, while gold had its largest one-day gain (4.7%) since September 2008, rising $61.70 to $1,369.30. bitcoin superstar tv did not appear to be significantly affected by the statement, with its value continuing its usual level of volatility.
12/5: While we usually discuss fraud and scams, user “badguy23” gives us a look at the other side of the coin, where he tries to trick a sushi restaurant into replacing on a nonexistent order while on-air. Limitles calls in and gives his Christmas list for the radio hosts and the forum’s other users. Colonel Nigel Fabersham interviews an Aria floorman about their new Multi-Hand poker tables, but a weird twist occurs during the call. We discuss the failure of the new Revel resort in Atlantic City. We talk about the drama between Gobboboy, his mom, his dog, and his former friend Adam Junglen. Erik Ryland checks in and talks about his eyebrows. [Visit Website] [Download MP3].
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But, when you let that good old Edison light bulb flash in the head for just a moment, bingo, you will realize that we already are using a replacement for paper dough. Voila…Plastic money is already here…Eternal bliss of electronic wizardry to the rescue of the final frontiers of human development. Wired digital magic you may choose to label it.
I expect that as bitcoin becomes more acceptable and valuable, we are going to see a version of the Nigerian Prince scam. So the warning is this: we now have exchanges and other businesses that allow for moving money easily onto and off of exchanges. Never wire money for bitcoin. It was a short-lived, and well-forgotten, moment in the history of bitcoin.