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Thread: Bitcoins

  1. #1
    DrivenZ is offline New Member
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    Bitcoins

    Anybody ever used this method of online payment? I'm outta touch, I know! Ran across a couple places that require the use of them and was wondering why that is the only option available.

  2. #2
    Richard Cabeza's Avatar
    Richard Cabeza is offline Associate Member
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    Its anonymous and has no federal regulations, also bitcoin appreciates in value so over time they are making compounded profit off your purchase ...many benefits to both seller and buyer

  3. #3
    cousinmuscles's Avatar
    cousinmuscles is online now Knowledgeable Member
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    When you use your bank or moneygram et.c. you leave traces of your purchase. Not the case with bitcoin. Bitcoin is like cash on your hard drive.

    Richard Cabeza, not sure if many businesses do that as they need liquidity. They need to make payments and only a fraction of what you pay is profit. Though they may keep some of the profit and let it rise in value. Bitcoin also facilitates business since you dont need to go through a billion hoops of regulations and banking fees et.c.

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