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There was a recent thread in r/Bitcoin about someone missing a 200k deposit on Coinbase. With the quote "say what you will about the banks, at least you can get

There was a recent thread in r/Bitcoin about someone missing a 200k deposit on Coinbase. With the quote "say what you will about the banks, at least you can get on the phone with them." These super anti banking activists want banks when shit really hits the fan, surprise surprise. BTC will never be a currency for anything legal. Anyone telling you otherwise is pumping so they can eventually dump. Regulations, inflation, etc these are all features, , not bugs. None of the Bitcoin true believers want to spend theirs which is exactly the problem with deflation. Maybe it can be a store of value. Maybe. It's primarily a Ponzi scheme and a way to buy drugs.

em3rgent0rdr 9y ago
you can still have bands and services ontop of bitcoin which allow refunds. Bitcoin is just like hard cash in that the transactions themselves are non-refundable.
snakeanus 9y ago
> BTC will never be a currency for anything legal It is actually already quite common for many legal internet-based services.
- LyndsySimon 9y ago
  Such as, for instance, pornography. Privacy issues aside, many people don't trust porn sites. Bitcoin enables them to pay with absolutely zero chance of them being stuck with a recurring subscription.
- snakeanus 9y ago
  Also, anti banking activists don't use services like coinbase.
SippinLean 9y ago
A Ponzi scheme would be impossible, no coinholders are paid dividends. Perhaps you just meant "scheme".
deleted 9y ago
[deleted]
LyndsySimon 9y ago
> These super anti banking activists want banks when shit really hits the fan, surprise surprise. Not all Bitcoiners are "super anti-banking activists". > BTC will never be a currency for anything legal. It already is.
uncletaco 9y ago
I just bought parts for my PC on Newegg and paid fot everything in Bitcoin.
andirk 9y ago
overstock.com idiot. You make these claims based on nothing. You're ruining the internet. Please be mindful that your bullshit is read by others as legitimate when it is just you saying things for fun. Reddit is a better place for that.
- sctb 9y ago
  Commenting like this is not OK on Hacker News. Please post civilly and substantively or not at all. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
warsharks 9y ago
are you writing this from a timewarp and youre stuck in 2012? i have personally bought loads of stuff with BTC ranging from coffee to headphones to international flights and hotel bookings. its also a pretty flawed comment when its already accepted on something as huge as steam, and at places like CEX, BIC camera and a growing list of other retailers. and you say none of the true believers want to spend theirs, im sorry but youre wrong there too, ive been heavily into bitcoin since about 2011, but ive always been of the belief that if nobody uses them then they will never become a currency so i always spent mine (if id saved even 10% of what ive mined id be a millionaire by now but c'est la vie) im certain i am not the only person who shares this belief.

em3rgent0rdr 9y ago

you can still have bands and services ontop of bitcoin which allow refunds. Bitcoin is just like hard cash in that the transactions themselves are non-refundable.

snakeanus 9y ago

> BTC will never be a currency for anything legal It is actually already quite common for many legal internet-based services.

LyndsySimon 9y ago
Such as, for instance, pornography. Privacy issues aside, many people don't trust porn sites. Bitcoin enables them to pay with absolutely zero chance of them being stuck with a recurring subscription.
snakeanus 9y ago
Also, anti banking activists don't use services like coinbase.

SippinLean 9y ago

A Ponzi scheme would be impossible, no coinholders are paid dividends. Perhaps you just meant "scheme".

deleted 9y ago

[deleted]

LyndsySimon 9y ago

> These super anti banking activists want banks when shit really hits the fan, surprise surprise. Not all Bitcoiners are "super anti-banking activists". > BTC will never be a currency for anything legal. It already is.

uncletaco 9y ago

I just bought parts for my PC on Newegg and paid fot everything in Bitcoin.

andirk 9y ago

overstock.com idiot. You make these claims based on nothing. You're ruining the internet. Please be mindful that your bullshit is read by others as legitimate when it is just you saying things for fun. Reddit is a better place for that.

sctb 9y ago
Commenting like this is not OK on Hacker News. Please post civilly and substantively or not at all. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

warsharks 9y ago

are you writing this from a timewarp and youre stuck in 2012? i have personally bought loads of stuff with BTC ranging from coffee to headphones to international flights and hotel bookings. its also a pretty flawed comment when its already accepted on something as huge as steam, and at places like CEX, BIC camera and a growing list of other retailers. and you say none of the true believers want to spend theirs, im sorry but youre wrong there too, ive been heavily into bitcoin since about 2011, but ive always been of the belief that if nobody uses them then they will never become a currency so i always spent mine (if id saved even 10% of what ive mined id be a millionaire by now but c'est la vie) im certain i am not the only person who shares this belief.