Quote from: Fernandez on February 08, 2014, 07:35:14 AM

Quote from: Dragonkiller on February 07, 2014, 03:01:23 PM

Quote from: BrightAnarchist on February 07, 2014, 02:57:30 PM

Bitcoin plunges as major exchange halts withdrawals

http://money.cnn.com/2014/02/07/investing/bitcoin-withdrawal-halt/

Reading the comments, highest voted comments still think it's a scam/pyramid scheme etc. Good, I still have time to stack more coins Grin

When I try explaining Bitcoin to my friends, the first impression is always its a scam/pyramid scheme. I keep telling them not to come back crying in 10 years.

I usually explain it like it's a protocol to transfer value. Or a decentralized consensus system. That usually gets their attention.