I've seen you make numerous posts in support of bitcoin in the past that are far better than the article you have linked. In fact I find in the search for 'bitc

I've seen you make numerous posts in support of bitcoin in the past that are far better than the article you have linked. In fact I find in the search for 'bitcoin plusses' people often put forward contradictory aspects of it, to support their agenda of presenting it in positive light. For example, full traceable, vs. anonymous. Deflationary vs. mine your own. Being a jack of all trades system, "money", money transfer, ledger based, anonymous, store of value and alternative banking system - means that it is internally conflicted. > For example a person in China can instantaneously send bitcoins Once they have bitcoins. Getting bitcoins without using local bitcoins requires use of the traditional financial system. It can also involve snake like middle men if the would be bitcoin user is not very savvy. 1. It's fast compared to international transfers, it's a little slow compared to using cash to buy things or bank transfers. 2. It's cheap - it's cheaper than western union, it's expensive when something goes wrong - you can't reverse/dispute transactions. 3. Central governments can’t take it away. Central governments have all the guns and can make up any laws provided they can be passed. Bitcoin is not a runaway success in Russia for example. 4. There are no chargebacks - this is a bug and a feature. 5. People can’t steal your payment information from merchants - they just go after the middle men - instead of TK Maxx getting hacked, one of the middle men will be. Or indeed the middle man runs away with the goods. That the middle men continue to exist points to inherent difficulties in managing your own wallet. 6. It isn’t inflationary - the number of bitcoins minted every year grows faster than inflation - ultimately it will stop. Then it will be deflationary because coins will be lost. 7. You don’t need to trust anyone else - au contraire - in every transaction you need trust, the same is true in bitcoin as any other system. 8. You own it - it works better as a transfer medium than a 'store of value' because the price fluctuates. In addition the network operators can decide to fork. 9. You can create your own money - sure, so can other people - yet somehow it's not inflationary.