Has anyone here ever heard of BitCoin or know what BitCoin is?
If you do, and if you used it before, or if you still use it, then can you please answer a few of my questions below? Thanks. Please explain BitCoin to me in plain English.
What are the advantages and disadvantages of using BitCoin?
Or why would anybody want to use BitCoin?
Does BitCoin affect banks and law enforcement authorities, and if it does, then why would they be concerned? How exactly does BitCoin affect banks and law enforcement that would cause them to be concerned?
Where can BitCoin be used or whom or where accepts BitCoin transactions?
Thank you for reading. I look forward to everyone's response soon.
Most Helpful Guy
Dred1614returns pretty much has it right. it's used for every illegal online transaction.
I don't believe it's regulated like banks. I "think" recipients make an account similar to the way you can make a fake email account & receive their funds anomalously & electronically.
I once saw a fake DL website that only accepted bitcoins.0