03 Apr '13, 4am

Four Reason You Shouldn't Buy Bitcoins: Discussion of Bitcoin is divided into two camps. People who

Discussion of Bitcoin is divided into two camps. People who understand the currency well tend to be enthusiastic boosters. Conversely, Bitcoin critics tend not to understand the currency very well. As a consequence, their criticisms tend to be superficial , misguided , or just plain wrong. That’s unfortunate because Bitcoin does have some real weaknesses. The lack of knowledgeable critics has created an echo chamber effect that I worry may produce (or may have already produced) a bubble. I’m generally a Bitcoin fan (and, full disclosure, I own some Bitcoins), but in the interest of balance, here are four reasons you should think twice before buying Bitcoins. Losses. Traditional financial products have strong consumer protections. If someone makes a fraudulent transaction with your credit card or your bank goes belly-up, there are laws in place to limit consumer losses. Bit...

Full article: http://www.forbes.com/sites/timothylee/2013/04/03/four-re...

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Bitcoin

Bitcoin

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Bitcoin

Bitcoin

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