Bitcoin has arrived in Iran with a new website and a forum

[AsifAmeer]

http://bitcoinexaminer.org/bitcoin-has-arrived-in-iran-with-a-new-website-and-a-forum/

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CoinAva is the name of the new platform that is bringing cryptocurrency to Iran! Besides trying to spread the word about Bitcoin in the country, this platform allows users to buy and sell virtual currency, via a counter party in Australia.

Bitcoin is the currency of the future. And we believe that Iran must be involved in the future, its possible to read on the website, which is hosted in the United States, for safety reasons.

From now on, people in Iran can buy and sell Bitcoins, as well as learn more about the cryptocurrency with the help of CoinAvas team.
And, besides the platform, theres more news: Iran also has a new forum dedicated to cryptocurrency called Persian Bitcoin Talk, which you can visit here. Looks like Bitcoin is really building its way into the country!

 

[Pak1stani]

Will benefit CIA.

 

[Ghareeb ul watan]

No No "TTP and its mother Saudia is kafi for CIA"

 

[fight4right]

iska to rate hi itna volatile hay keh normal user kay bus main nahin isay use kerna

 

[VoteME]

Mujhay tou abhi tuk ye nai pta chala Bitcoin aur paypal me difference kiya hai? btw jis trah paypal Pakistan me nai ghuss ska usi trah bitcoin bhi Pakistan kabhi nai aaye ga:)

 

[AsifAmeer]

Paypal handles national currencies (dollar, Euro, Yen..) - currencies that are issues by a Country's Central Bank.

Bitcoin has no State, no central Bank to issue it or clear transactions. Transaction clearing can be done by anyone who run expensive equipment called ASIC rigs thru which they earn small fees in Bitcoin

You could carry $10 million worth of Bitcoin in your mobile phone with a backup of the currency at your home computer. So suppose your phone gets stolen, you go home, move your money to a different e-wallet.

Also, since the currency requires an internet connection, you could be anywhere in the world, you could have payment or receive payment to any one out there. I know a few Bitcoin development teams who outsource their computer coding. Someone sitting in Bulgaria would bid on the contract and is paid in Bitcoin.. No bank, no funding issues.

Mujhay tou abhi tuk ye nai pta chala Bitcoin aur paypal me difference kiya hai? btw jis trah paypal Pakistan me nai ghuss ska usi trah bitcoin bhi Pakistan kabhi nai aaye ga:)

 

[NasNY]

Right off WIKI

There have been incidents of theft of bitcoin balances:

• On 19 June 2011, a security breach of the Mt.Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt.Gox exchange, after a hacker allegedly used credentials from a Mt.Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself. He used the exchange's software to sell them all nominally, creating a massive "ask" order at any price. Within minutes the price corrected to its correct user-traded value.[SUP][119][/SUP][SUP][120][/SUP][SUP][121][/SUP][SUP][122][/SUP][SUP][123][/SUP][SUP][124][/SUP] Accounts with the equivalent of more than USD 8,750,000 were affected.[SUP][121][/SUP]
• In July 2011, the operator of Bitomat, the third largest bitcoin exchange, announced that he lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to 220,000 USD at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers.[SUP][125][/SUP]
• In August 2011, MyBitcoin, a now defunct bitcoin transaction processor, declared that it was hacked, which resulted in it being shut down, with paying 49% on customer deposits, leaving more than 78,000 bitcoins (roughly equivalent to 800,000 USD at that time) unaccounted for.[SUP][126][/SUP][SUP][127][/SUP]
• In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica — a bitcoin trading venue — claiming about 460,000 USD from the company. Bitcoinica was hacked twice in 2012, which led to allegations of neglecting the safety of customers' money and cheating them out of withdrawal requests.[SUP][128][/SUP][SUP][129][/SUP]
• In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, allegedly leaving around $5.6 million in bitcoin-based debts; this led to allegations of the operation being a Ponzi scheme.[SUP][130][/SUP][SUP][131][/SUP][SUP][132][/SUP][SUP][133][/SUP] In September 2012, it was reported that the U.S. Securities and Exchange Commission had started an investigation on the case.[SUP][134][/SUP]
• In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 bitcoins (roughly equivalent to 250,000 USD) stolen. As a result, Bitfloor suspended operations.[SUP][135][/SUP][SUP][136][/SUP] The same month, Bitfloor resumed operations, with its founder saying that he reported the theft to FBI, and that he is planning to repay the victims, though the time frame for such repayment is unclear.[SUP][137][/SUP]
• On 3 April 2013, Instawallet, a web-based wallet provider, was hacked,[SUP][138][/SUP] resulting in the theft of over 35,000 bitcoins.[SUP][139][/SUP] With a price of $129.90 per bitcoin at the time, or nearly $4.6 million USD in total, Instawallet suspended operations.

I think Gold is still the safest bet.

 

[AsifAmeer]

How are these incidents different from cash/jewellery theft or wire-transfer fraud?

Ofcourse, Gold has a 4000 year history. Bitcoin is just 5 years old and causing banks to sweat due to Bitcoin's storage and transaction clearing scalability.

Right off WIKI

There have been incidents of theft of bitcoin balances:

• On 19 June 2011, a security breach of the Mt.Gox bitcoin exchange caused the nominal price of a bitcoin to fraudulently drop to one cent on the Mt.Gox exchange, after a hacker allegedly used credentials from a Mt.Gox auditor's compromised computer illegally to transfer a large number of bitcoins to himself. He used the exchange's software to sell them all nominally, creating a massive "ask" order at any price. Within minutes the price corrected to its correct user-traded value.[SUP][119][/SUP][SUP][120][/SUP][SUP][121][/SUP][SUP][122][/SUP][SUP][123][/SUP][SUP][124][/SUP] Accounts with the equivalent of more than USD 8,750,000 were affected.[SUP][121][/SUP]
• In July 2011, the operator of Bitomat, the third largest bitcoin exchange, announced that he lost access to his wallet.dat file with about 17,000 bitcoins (roughly equivalent to 220,000 USD at that time). He announced that he would sell the service for the missing amount, aiming to use funds from the sale to refund his customers.[SUP][125][/SUP]
• In August 2011, MyBitcoin, a now defunct bitcoin transaction processor, declared that it was hacked, which resulted in it being shut down, with paying 49% on customer deposits, leaving more than 78,000 bitcoins (roughly equivalent to 800,000 USD at that time) unaccounted for.[SUP][126][/SUP][SUP][127][/SUP]
• In early August 2012, a lawsuit was filed in San Francisco court against Bitcoinica — a bitcoin trading venue — claiming about 460,000 USD from the company. Bitcoinica was hacked twice in 2012, which led to allegations of neglecting the safety of customers' money and cheating them out of withdrawal requests.[SUP][128][/SUP][SUP][129][/SUP]
• In late August 2012, an operation titled Bitcoin Savings and Trust was shut down by the owner, allegedly leaving around $5.6 million in bitcoin-based debts; this led to allegations of the operation being a Ponzi scheme.[SUP][130][/SUP][SUP][131][/SUP][SUP][132][/SUP][SUP][133][/SUP] In September 2012, it was reported that the U.S. Securities and Exchange Commission had started an investigation on the case.[SUP][134][/SUP]
• In September 2012, Bitfloor, a bitcoin exchange, also reported being hacked, with 24,000 bitcoins (roughly equivalent to 250,000 USD) stolen. As a result, Bitfloor suspended operations.[SUP][135][/SUP][SUP][136][/SUP] The same month, Bitfloor resumed operations, with its founder saying that he reported the theft to FBI, and that he is planning to repay the victims, though the time frame for such repayment is unclear.[SUP][137][/SUP]
• On 3 April 2013, Instawallet, a web-based wallet provider, was hacked,[SUP][138][/SUP] resulting in the theft of over 35,000 bitcoins.[SUP][139][/SUP] With a price of $129.90 per bitcoin at the time, or nearly $4.6 million USD in total, Instawallet suspended operations.

I think Gold is still the safest bet.

 

[lurker]

Bitcoin is too volatile. Period.