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Stop. He made multiple points that "Steam just went live with Bitcoin today" does not dispute. There is no reason for individuals to buy/sell Bitcoins other th

by boodm 10y ago

Stop. He made multiple points that "Steam just went live with Bitcoin today" does not dispute. There is no reason for individuals to buy/sell Bitcoins other than speculation. Drugs were a crutch to the temporary currency. I love the idea, but without a reason to convert my stable dollars to a speculation currency, I will not - nor will others. What would be the point in buying Bitcoin with cash/card only to use it on a service that also accepts cash/card? Steam is a drop in the bucket. The only market that will use Bitcoins is hackers that do not want their main acct banned.

brighton36 10y ago
Drugs are more than just a cruch, it's responsible for more than half of the bitcoin mined every day. It is bitcoin's killer app. People use bitcoin because it's as close as they can get to the dollar.
pg_is_a_butt 10y ago
Stop. he made a point saying that the companies that took bitcoin have since stopped (microsoft was only given example)... it was then pointed out that microsoft actually didn't stop... and then the above poster further pointed out new companies are still getting on board (steam) you're an idiot.
homero 10y ago
Stable dollars? Dude they lost half their value over 10 years.
- lkbm 10y ago
  USD is down 15.3% from ten years ago. That's a far cry from 50%.
  - homero 10y ago
    Sure that's why a whopper was 99¢ and now it's $5.
MaulingMonkey 10y ago
> There is no reason for individuals to buy/sell Bitcoins other than speculation. You already listed one other reason - drugs. > What would be the point in buying Bitcoin with cash/card only to use it on a service that also accepts cash/card? Only a handful of online services sell gift cards through brick and mortar stores that you can actually purchase with cash. As for the point of not using a card - my main interests in bitcoin as it stands today are: - I don't have to share my identity with the service I'm purchasing from (to validate the credit card), increasing my privacy and anonymity. - Like cash, it limits the risk of fraud and dark patterns (hidden fees, reoccurring charges that you weren't expecting, outright fraudulent charges, etc. don't simply auto-deduct from your account - although you can still not get the service you paid for.) Well done, friction-free micro transactions for some services (e.g. news websites) might actually convince me to start using bitcoin regularly. Of course, that hasn't happened yet - nor do I know that it will happen with e.g. the problems with dust etc.

by boodm 10y ago

brighton36 10y ago

Drugs are more than just a cruch, it's responsible for more than half of the bitcoin mined every day. It is bitcoin's killer app. People use bitcoin because it's as close as they can get to the dollar.

pg_is_a_butt 10y ago

Stop. he made a point saying that the companies that took bitcoin have since stopped (microsoft was only given example)... it was then pointed out that microsoft actually didn't stop... and then the above poster further pointed out new companies are still getting on board (steam) you're an idiot.

homero 10y ago

Stable dollars? Dude they lost half their value over 10 years.

lkbm 10y ago
USD is down 15.3% from ten years ago. That's a far cry from 50%.
- homero 10y ago
  Sure that's why a whopper was 99¢ and now it's $5.

MaulingMonkey 10y ago

> There is no reason for individuals to buy/sell Bitcoins other than speculation. You already listed one other reason - drugs. > What would be the point in buying Bitcoin with cash/card only to use it on a service that also accepts cash/card? Only a handful of online services sell gift cards through brick and mortar stores that you can actually purchase with cash. As for the point of not using a card - my main interests in bitcoin as it stands today are: - I don't have to share my identity with the service I'm purchasing from (to validate the credit card), increasing my privacy and anonymity. - Like cash, it limits the risk of fraud and dark patterns (hidden fees, reoccurring charges that you weren't expecting, outright fraudulent charges, etc. don't simply auto-deduct from your account - although you can still not get the service you paid for.) Well done, friction-free micro transactions for some services (e.g. news websites) might actually convince me to start using bitcoin regularly. Of course, that hasn't happened yet - nor do I know that it will happen with e.g. the problems with dust etc.