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<p>[QUOTE="John Burgess, post: 7418881, member: 105098"]A similar way bank transfers work or selling a stock really. Sort of a combination of the two.</p><p>You're using a platform like coinbase, bitstamp, cashapp or kraken, and setting up a digital wallet.</p><p><br /></p><p>Your digital wallet is used to transact in digital currencies.. bitcoin in this instance, with a fee and an exchange rate to any fiat currency even.</p><p><br /></p><p>There's even a company called "Getcoins" that has ATMS for bitcoin transactions on the fly using your digital wallet on your cellphone and more popping up daily in cities in every state to do it.</p><p><br /></p><p>Anyone that thinks bitcoin is a joke or is gonna fail hasn't been paying attention. It's more secure than any countries cash system, so secure in fact that if you lose your info on it the bitcoin is lost forever because there's no way to recover it. </p><p>If anything its usage and demand increases year after year, and more methods of accessing it and using it are developed to make it easier.</p><p><br /></p><p>My opinion bitcoin is here to stay unless the world governments join up to ban it globally and at some point we won't be talking about a bitcoin because it's going to be out of reach of everyone and we will be talking about the satoshi (smallest bit coin unit) instead which will have a value of $1 or more each.[/QUOTE]</p><p><br /></p>
[QUOTE="John Burgess, post: 7418881, member: 105098"]A similar way bank transfers work or selling a stock really. Sort of a combination of the two. You're using a platform like coinbase, bitstamp, cashapp or kraken, and setting up a digital wallet. Your digital wallet is used to transact in digital currencies.. bitcoin in this instance, with a fee and an exchange rate to any fiat currency even. There's even a company called "Getcoins" that has ATMS for bitcoin transactions on the fly using your digital wallet on your cellphone and more popping up daily in cities in every state to do it. Anyone that thinks bitcoin is a joke or is gonna fail hasn't been paying attention. It's more secure than any countries cash system, so secure in fact that if you lose your info on it the bitcoin is lost forever because there's no way to recover it. If anything its usage and demand increases year after year, and more methods of accessing it and using it are developed to make it easier. My opinion bitcoin is here to stay unless the world governments join up to ban it globally and at some point we won't be talking about a bitcoin because it's going to be out of reach of everyone and we will be talking about the satoshi (smallest bit coin unit) instead which will have a value of $1 or more each.[/QUOTE]
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