[dba-Tech] Bitcoin

Jim Lawrence accessd at shaw.ca
Tue Mar 26 22:30:28 CDT 2013


Hi All:

For those who have to transfer money from country to country, want a degree
of security, don't want to be hammered with exorbitant fees why not try
BitCoin. 

http://informalprotocol.com/2013/03/bitcoin/

There are a number of similar projects on the way as Bitcoin and others have
a maximum amount for the particular agreement of around $20 million. When
the amount has been reached the service is then closed to but only the ones
that purchased initially. 

The product, Bitcoin and its forks are all OSS so the security is superior,
can not be hacked and allows those buying in the ability to transfer funds
and purchase products anywhere in the world. There is a maximum any one
person or entity can purchase so no individual or groups if individuals can
cease control. How this product works out in the future is yet to be seen
but so far there have been no complaints, other than from various banking
concerns and governments...but really who cares about them...it is almost a
vote of confidence in the technology.

Jim    



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