3 ms·

Well if a guy on the internet says it, it has to be true.

• hndamien 9y ago
  I think we found the guy that regrets not buying any Bitcoin (the author - not manbearpigg)
  • emodendroket 9y ago
    I mean I don't think anyone can deny that it turned out to be great to speculate on so far, but is it actually a good means of exchange or store of value? It remains extremely volatile.
    • blunte 9y ago
      In many situations it is an excellent means of exchange of value. Convert your fiat to bitcoin, make a global bitcoin transaction (for a comparatively small transaction fee, and within 30 minutes), then convert the bitcoin to fiat on the other end. That's WAY better than a bank wire, and even better than the increasingly effective service that Transferwise provides. It's also beneficial to at least one party because no bank can reverse the transaction.
      • consz 9y ago
        What's the 30min volatility of BTCUSD vs. the cost of a bank wire?
      • emodendroket 9y ago
        It's relatively inefficient and it's hard to see why someone would choose that over wire transfer unless they were doing something illegal. I also don't get why "no banks can reverse the transaction" is touted as a benefit so often; what sane buyer prefers to do online purchases where they have no recourse if they never receive the goods?