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I'm a judgment broker that writes often. Bitcoin is a proprietary digital token payment system. Bitcoin is a bartering system that competes with checks, cash, PayPal, or credit cards. Bitcoin tokens provides a private (and/or perhaps even a clandestine) method of paying for things. I would guess is that unfortunately, certain Bitcoin token transactions are probably used to buy illegal services or things. The primary advantage of using Bitcoin is that it is a private payment method. Bitcoin tokens have several disadvantages, such as: 1) While Bitcoin tokens has its charms, it is private and not a part of, or guaranteed by, any government. Just a finite quantity of of Bitcoin tokens were produced, which helps make Bitcoins seem to be more valuable than they really are. By restricting the number of Bitcoins made, combined with the hype about them, has raised the price of Bitcoins. 2) Some of Bitcoin's features may be of unproven worth. The advertised benefits includes being able to email people money, it is related to gold, it has stability and privacy, etc. The problem is, checks, cash, credit cards, prepaid money cards, a money order, arranging to barter with anything (e.g., with postage stamps), PayPal, and wire transfers; seem to handle almost every possible kind of payment situation. 3) Buying Bitcoins isn't cheap. And except for EBay, buying Bitcoin tokens isn't easy or simple; and except for (probably) EBay, many of the Bitcoin vendors seem a bit flaky. For a test, I emailed four Bitcoin token exchange vendors, including 2 relatively local to me, and none of them got back to me. When you buy Bitcoin tokens, there are no refunds. 4) When I tested software programs to make a Bitcoin token "wallet" on a PC appeared to be slow and buggy. I tested two different Bitcoin token "wallet" applications, and it seemed as if they would need to have taken days to finish updating things with the Bitcoin server network. 5) My guess is that because Bitcoins are 100% secure and private, and because they can be utilized to buy any item any place, with Bitcoins might help get you on the government's radar. Who could say, maybe the person selling unobtainium which you may only buy using Bitcoins, is actually with a certain law enforcement department, trying to then bust you. 6) Using Bitcoins, the chances of getting burned for purchases vastly increases, because almost no seller info is shared with the buyer, such as the seller's name and address. I might not be right; and maybe Bitcoin will keep growing, and more Bitcoins will get issued, and it will be part of all portable devices, and become accepted by nearly all conventional stores, as an example Amazon and Apple. Currently, the ways to pay for Amazon purchases with Bitcoin tokens are all flaky. Also, if you want to trade Bitcoin tokens for common items, the markups you must pay make what one pays to exchange foreign currency at an airport, seem cheap. I believe I'm right, and the majority of people should not mess around with Bitcoin tokens. If If one experiments with it, be certain not to spend more than you're willing to lose. Very often, When you buy Bitcoins, you can't guarantee a seller, the delivery of whatever you purchased, or that some day Bitcoin might be made illegal, or that the bubble of hype about Bitcoin will one day burst. Mark Shapiro of: http://www.JudgmentBuy.com - Your easiest and fastest free method of finding the right professional to recover or buy a judgment.
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