Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

live love laugh

(14,558 posts)

12. The storage is a problem. I don't think it can be deposited into traditional bank accounts.

Reply to allegorical oracle (Reply #10)

Tue Dec 10, 2024, 05:53 PM

Dec 10

Only if it’s converted to dollars can it be deposited. In its original form it is stored in digital wallets which can be “lost” or stolen. I read some who own bitcoin fortunes spend time hiding their wallets in mountains and remote areas.

The use of it in government is scary. It’s just not ready for prime time yet.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

16 replies

= new reply since forum marked as read

Highlight:

Have a question about bitcoin: [View all] allegorical oracle Dec 10 OP

Partial shares can be purchased live love laugh Dec 10 #1

Think you are right. Buy 10 cents worth and hope it turns into a million bucks. The best I can understand, bit coin Silent Type Dec 10 #5

Lots of books on it. Crypto has some advantages but live love laugh Dec 10 #9

So presume the new fortune is electronically deposited in my checking account? Only allegorical oracle Dec 10 #10

The storage is a problem. I don't think it can be deposited into traditional bank accounts. live love laugh Dec 10 #12

How do you store an invisible fortune in an invisible wallet anywhere? Too Zen. allegorical oracle Dec 10 #13

It isn't a 'share' it is a 'coin', a virtual coin. Voltaire2 Dec 10 #2

You don't have to buy a whole one Blues Heron Dec 10 #3

Oooh. Thanks for that education. So I would get an electronic certificate saying that I own, allegorical oracle Dec 10 #4

I've tried to figure it out many times NewHendoLib Dec 10 #6

We into a liquor store today.... Lovie777 Dec 10 #7

Think I'd have to have a few slugs on the spot to buy into this gambit. Have a "thing" allegorical oracle Dec 10 #8

If anyone offered to pay me in bitcoin I'd tell them to go to hell. hunter Dec 10 #11

Missed it by that much. mackdaddy Dec 10 #14

Out of curiosity, I travelled to bitcoin.com Disaffected Dec 10 #15

We need someone here Blue_Roses Dec 10 #16