Great topic, BlackOrchid!

I think the idea is ingenious! Unfortunately, with all the governments crabbing about missing their taxation powers over it (and also, I suspect, pissed they & other financial bigwigs didn't didn't get their controlling thumbs in the pie beforehand to reap profits), as well as distracting us by focusing on illegal activity using it, I think it's days of true usefulness in the full fashion it was intended, are limited. *sigh*

I have no interest in using it for now because I have concerns over the ease of losing my bitcoins, or having them stolen and the inability to do chargebacks, so basically, I have concerns over consumer protection issues. But I only worry about that because I have such limited resources as it is. If I had the time and patience, I would mine for sure! Unfortunately, I am not savvy enough to know how to lend my computer to process those complex math problems, nor do I have the patience to figure it out right now on my own. But as a Libertarian, I think the concept is fabulous and I think all this focus on illegal use is a smokescreen to wrestle control of everything, once again. Heaven forbid the people be able to do anything anonymously and without government intrusion! I mean come on, regular currency is used a lot more for illegal gains and yet some of the biggest swindles are not only allowed, but supported by governments (e.g., the bail out). So, despite all their controls on regular currency, it's used for crime, why should there be a witch hunt over Bitcoin?

I digress, as usual, lol. Anyway, I think it's great that people can use their bitcoins on Eden, but given this place's lack of oversight in the past and the abuse it neglected to reign in for years, I can't help but wonder if they are not opening themselves up to more potential scams. I understand their interest in this, but given their track record, I am curious about their vulnerability to more abuse...we'll see. less