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(10 News)   World's first Bitcoin ATM unveiled in San Diego to facilitate purchases, redemptions, trade for Chuck E. Cheese game tokens   ( divider line
    More: Strange, Bitcoin ATMs, San Diego, token coin, digital currency, Scripps  
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1014 clicks; posted to Business » on 06 May 2013 at 7:37 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-05-06 09:07:32 PM  
1 vote:
Disclaimer:  I am an actual economist, and in fact do play one on TV.

Statement:  If you waste your time on Bitcoin, you are a very misguided person.
2013-05-06 12:02:54 PM  
1 vote:

aevorea: I'm waiting for the article where the 'president' of the Bitcoin bank closes up shop and absconds with the money sitting in the various Bitcoin accounts.  They're not FDIC insured so they'll be litlte recourse for the account holders.

There isn't any single "Bitcoin bank". It's a distributed system and your main account is on your own computer (or off-line storage devices if you're worried about hackers). The risk you describe only applies to exchange services or to "investment" sites like this one.
2013-05-06 08:05:56 AM  
1 vote:
Yes, because Chuck E. Cheese tokens fluctuate in value between $5-260.
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