This is a shocking kind of question, however, perhaps the little deviant that lives in each of our minds was getting carried away when the group of users who derived the bitcoin came up with the virtual barter system. The permanent nature of bitcoin transactions is the endgame for the thief who wants to permanently abscond with other people’s money. What better way to do that than with a barter system that only has irreversible transactions. That is one of the risks of the user’s relationship with his or her bitcoins. Unlike regular currency, if it gets stolen by a thief, with the serial numbers and other forensic evidence the bills that were stolen can be tracked and found, taken back from the thieves or thief and returned to the rightful owner.

So with the worst case scenario out in the open, bitcoin theft is irreversible, why should anyone want to risk investing in bitcoins that can be drained from users accounts and never recovered? For those who were using government account freezes as a reason to avoid using bitcoins, the opposite is the case. Hostile governments cannot freeze assets that are measured in bitcoin balances. It is also not possible to stop the transfer of bitcoin funds in and out of a country. Those who like to do global interactions with payment, accounts and gambling in other virtual websites that have their ISPs in other countries, are learning and have understood the advantages of this quality of monetary exchange.

Bitcoin barter is growing in popularity and use in the virtual world. Central banks issue these and have them created by ‘miners.’ These miners use mathematical complexity that involve solutions that are derived through high power computing as well as serendipitous good fortune. What is even more mysterious, except to bitcoin geeks is that the miner will eventually solve the problem and earn the privilege of signing his autograph on a pre-calculated number of these bitcoins to be recorded on a ledger. On that ledger are ll bitcoin transactions. Peer-to-peer networks are created to share the information on the ledger.

The mathematical bitcoin creative progression is a stepwise process that has a set rate as which it will move along until is stops at 21 million bitcoins. Miners who have the aptitude will work this problem but discover how slow the process is. This is by design so that bitcoins cannot simply be manufactured in large quantities such as counterfeiting. Investors might shy away from these rather strange methods of barter because they are not fully understood and are not easily comprehended. The accounts are maintained by a private key holder. Despite the users having to use a private key for each transaction, cyber thieves are still able to use malware and malicious software to gain access to these keys if a user is not careful about storing this information.