3 ms·
> it's worse in every way except for the fact that it is not operated by a central authority. -It is lighter--I can carry it in my head -It travels faster -
by ericb 9y ago
> it's worse in every way except for the fact that it is not operated by a central authority.
-It is lighter--I can carry it in my head
-It travels faster
-It is not inflated by 2% a year
-It cannot be forged
-It can cross borders
- AstralStorm 9y agoIt is inflated but currently its value gain masks that. You cannot carry those big numbers in your head comfortably. Heck, it is tricky to carry a wallet ID. Even trickier to get a physical transaction done with BTC.
- ericb 9y agoSee my link about brainwallets above.
- phailhaus 9y agoYou memorized your bitcoin wallet address? And yes it's not inflated 2% a year, but it's also very far from stable. How can a merchant pin a bitcoin price on his goods if the currency swings dramatically in value week to week?
- ericb 9y agohttps://en.bitcoin.it/wiki/Brainwallet https://en.bitcoin.it/wiki/Brainwallet I think it may be that bitcoin makes a better gold than cash, but it remains to be seen. Volatility is trending down, long-term.