22 Nov '12, 1am

Bitcoin Money - Counterfeit Bills A Risk For Local Bitcoin Trading #bitcoin

Bitcoin Money - Counterfeit Bills A Risk For Local Bitcoin Trading In a post on the Bitcoin Money blog, (@BitcoinMoney ), the risk of trading bitcoins and potentially ending up with counterfeit banknotes is described. Excerpts: “There has been a rise in the number of counterfeiting incidents around the U.S., with counterfeit bills showing up at multiple Walmarts near South Bend and at about every store in Harlan, Kentucky.” - “Consumers can even become victims, as was reported about a person in Des Moines who was given counterfeit paper money in his change.” - “There is a growing number of individuals offering to trade bitcoins for cash in a face-to-face transaction. This has been made easier thanks to services like Local Bitcoins, […].” - “The counterfeits are worthless and issuers such as the Federal Reserve or the Bank of England do not reimburse for counterfeits regard...

Full article: http://www.bitcoinnews.com/post/36249462541/counterfeit-f...

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