Bitcoin is lauded by many as the currency of the future. Supporters say the cryptocurrency is superior to the dollar because Bitcoin is decentralized, allowing the system to stay honest as it’s constantly being authenticated by everyone who uses it. Bitcoin has also developed a bit of a reputation as being the currency of choice for illicit goods and services, mainly because Bitcoin transactions can be difficult to trace, making a true “anonymous” transaction much easier.
But despite all of its futurist appeal, Bitcoin is still vulnerable to some very old fashioned problems, as one man recently learned when he was robbed at gunpoint for $1,100 worth of Bitcoin. It might seem impossible that someone could be robbed in the real world for something that’s essentially virtual. But many Bitcoin users will meet up in person to ensure their electronic transaction goes thru smoothly. It was during one such meeting that a Brooklyn man discovered trading in Bitcoin can be just as dangerous as using cash.
No details have been made public about the specifics of the transaction. But the man went to a prearranged destination and met with another man to make the transaction. There, he was led to a parked car in order to finalize the deal. Once inside, the other man allegedly pulled a gun and ordered the first man to send the Bitcoin. The robber then stole the man’s cell phone and took off.
Fortunately, no one was hurt during the robbery. But the incident shows why it’s important to be safe during any kind of personal transaction, regardless of the currency being tended. Always meet others in neutral, public places such as coffee shops or even police stations. If you’re trying to make an arrangement with someone else and they refuse to do this, they’re probably up to no good.
May will be the month of giveaways, listen to win. I also go into some of things that I have been doing which you are probably already aware to ensure the stability of the show for the long hall. Extended dialogue time on this show but with a hard hitting tech show as well.
Back in Hawaii for two shows, headed to the NAB Show this coming Friday will likely be a crazy schedule once the show starts. Lots of moving parts, but as always great tech coming your way from the best tech show on earth. ;)
Feeling a 100% better and it is time to have a serious discussion about privacy and actions in the internet and public space. Looking for your feedback in a big way on these issues. Lots of great tech stories to share with you tonight as well.
Hey folks have a serious case of the crud but the show must go on.. Probably better to listen to this one versus watch ;). Minor schedule changes on my Indy trip but a log going on here getting ready for the new quarter.
April is going to be simply a crazy month, so I am prepping the travel studio to take the road show to a whole new level. Lets see if we can get green during the road show :). Laid back Hawaiian style show tonight Geek fans.