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Bitcoin is for the underserved. It services the people that can't be served in incumbent institutions, and they use it because it's as close as they can get to
by brighton36 10y ago
Bitcoin is for the underserved. It services the people that can't be served in incumbent institutions, and they use it because it's as close as they can get to the dollar.
The reason that Ethereum is particularly silly, is because there are no underserved code execute'rs. (Go to Alphabay or Bovada if you doubt this)
- danbruc 10y agoBitcoin is for the underserved. It services the people that can't be served in incumbent institutions [...] Who exactly falls into this category?
- vkou 10y agoVery poor people, who probably care very little for the volatility in its exchange rates.
- danbruc 10y agoI assume that is meant as sarcasm, because if I had very little money I would certainly be worried about losing half of it over the weekend because of things like a hack the causes some panic and sends the exchange rate down. And the possibility to double my money due to rising Bitcoin prices would certainly not wipe out my worries. I would also not be a huge fan of spending tens of millions of Dollars every year on electricity and hardware to heat the planet and process an amount of transactions that could easily be processed by a single centralized server for a fraction of the costs.
- vkou 10y ago"Care very little for" was meant in the "Are not impressed by" sense.
- im3w1l 10y agoAre there any people like that actually using bitcoin?