Ok, maybe it’s not a scam. This Bitcoin thing. It appears one can actually use it as money – that is, to buy things with it.
It’s just not easy.
The hardest part is converting Bitcoin to cash. As far as I can tell, this requires transferring Bitcoin to one’s checking account and – for now, as posted yesterday – I am and probably will remain leery of this.
However, the good news – as far as I can tell – is that you can use Bitcoin to directly buy stuff at several online retailers such as Overstock.com. I think I did so yesterday – and will report as soon as I know.
That said, I cautiously endorse Bitcoin – the learning curve notwithstanding – and will be adding a Bitcoin button to the EPautos “Donate” button, for those who’d prefer to support the site this way.
I think my Bitcoin address is EPeters952@yahoo.com – if anyone out there wants to try to send in something this way, please give it a whirl and let’s see whether it works!
More to come –