Does anyone have experience using Bitcoins?

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Does anyone have experience using Bitcoins?

Postby BIGMAN131307 » Sun Dec 01, 2013 6:14 am

Does anyone here use Bitcoins? If so how did you get started? How long have you used them? Are they worth the time and effort?
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Postby Karlsweldt » Sun Dec 01, 2013 8:11 am

Perhaps this WIKI link explains Bitcoin funding well.. http://en.wikipedia.org/wiki/Bitcoin
A form of electronic currency, somewhat secure, but not as well established as the standard ACH or EFT transactions.
Just competition for established methods. PayPal may be more secure, but not as widely accepted as top-name credit cards. Western Union transfers are considered the least secure.

Would be best to keep electronic transactions simple.. with fewer accounts to maintain.. each with a probable minimal daily balance requirement, to be free of service fees.
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Postby BIGMAN131307 » Sun Dec 01, 2013 9:54 am

:? Thx for the link, but I've been to that site, and a few others already.

I'm looking for a user prospective. IE: What's needed to get started, and how to do it.

I'd try one of the main Bitcoin sites, but I prefer not to join numerous forums
just to ask a few questions.
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Postby Karlsweldt » Mon Dec 02, 2013 11:19 am

This link may be of interest.. https://en.bitcoin.it/wiki/How_to_set_u ... ngs_wallet
More info here.. http://www.bitcoinplus.com/register
A Bitcoin account is a private fund source on your computer.. unrelated to any other banking system. It has to be totally secure. A long and complicated password is recommended.. maybe 20 characters. Using the ASCII table for character bits is a good alternative. Keep the password in an obscure file on your system, or write it on a note you keep private. Don't link to it on the desktop or quick launch bar! Don't try to remember it, unless your memory is flawless!
The one shortcoming of a Bitcoin account is that you can transfer funds only to another member.. most businesses do not accept that form of payment.
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Postby bdub » Wed Dec 04, 2013 7:25 am

latest bitcoin news...
http://www.tomsguide.com/us/sheep-marke ... 17942.html

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