Untraceable currency theft
Bitcoins first appeared in 2009 and were designed to be a peer-to-peer, decentralized, and potentially anonymous online currency. While it offers benefits for those who want to avoid regulation, Bitcoins have a sometimes volatile value and have often been used in illegal internet transactions.
The risks may outweigh the benefits for the average consumer. If your Bitcoins are stolen, the anonymous nature of the money prevents you from recovering them directly. Also, because the United States Federal Government does not yet regulate Bitcoin, there may not be any formal remedies.
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