A primer on Bitcoin risks and threats


Bitcoin is a digital currency whose creation and transfer is based on an open source cryptographic protocol. There are many benefits to using it (no transaction fees, anonymous payments, etc.), but there are also risks involved.

The first Bitcoins were created in 2009, and their initial value was set by individuals. Since then, a lot of people, organizations and businesses have expressed interest in the currency and have begun "mining" and using it.

The value / price of Bitcoins has risen greatly over the years and in 2013 especially, attracting speculators and criminals. The question is: if you create / buy / use Bitcoins, what can go wrong?