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Showing posts with the label bitcoin

Interesting Fact - Cigarettes

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Illegal tobacco is one of the most commonly smuggled products to the UK. (Criminals are often managing to beat UK border controls by sending illegal goods by post. More than a million such parcels are sent to British homes every year. Alongside cigarettes, criminals are sending guns, and drugs! It's all costing the taxman an estimated £3billion, a year, but I bet they pay with Bitcoins. Don't these criminals read the Royal Mail's terms and conditions ?)

Interesting Fact - Money

I'm not going to pretend to understand Bitcoins, or how they work, but I've been told they are hard to forge or duplicate, and easy to trade with.  However it now seems that if you know what you’re doing, they are pretty easy to steal too. (In 2013, someone stole up to $100 million in the digital currency from “Sheep Marketplace", and now Mt.Gox in Japan (said to be the one of the earliest online exchanges of these ubiquitous bits of code) has disappeared. The website has been shut down, their Twitter account deleted, allegedly because all the BitCoins had been stolen, 744,000 Bitcoins worth about $350,000,000.00. As a result the value of Bitcoins has plummeted. They didn't even need a swag bag to carry it all in.)