2 ms·
1 - I think many people care. Maybe you are not considering the other 7 billion people on the planet who have drastically different life situations. I believe i
by mrb 9y ago
1 - I think many people care. Maybe you are not considering the other 7 billion people on the planet who have drastically different life situations. I believe it's the key reason why people are so divided about whether cryptocurrencies are useful or not. Just because a feature isn't useful to you doesn't mean it's not useful to others.
2 - Yet you tolerate the irreversibility of cash. So it's probably not such a big deal. Besides, most merchants are honest (the need to charge back a CC transaction is extremely rare.) I also think one of the potential great use cases of Bitcoin is informal person-to-person transactions (paying back lunch money to a friend, giving money to family, etc). Irreversibility is irrelevant, actually desired, in those cases.
3 - Once again I think you are not considering the situation of others. In the US alone, millions are denied banking accounts https://www.fdic.gov/consumers/consumer/news/cnfall13/deniedchecking.html https://www.fdic.gov/consumers/consumer/news/cnfall13/denied... This is severly handicapping them given that a bank account is practically required for participation in the modern economy.
Thank you for intelligently and politely discussing. Too many critics of cryptocurrencies are borderline aggressive/insulting and I've never understood why.