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Like buying drugs, money laundering, and hoarding. So far only one of those is legal.
by rblatz 9y ago
Like buying drugs, money laundering, and hoarding. So far only one of those is legal.
- mrb 9y agoBitcoin has a lot of legit use cases: https://news.ycombinator.com/item?id=15228983 https://news.ycombinator.com/item?id=15228983
- rblatz 9y agoI find the claim of being able to cheaply and quickly transfer large amounts of money to be comical. The argument breaks down to, traditional transfer methods take too long, so let’s add two layers of traditional transfer methods on top of a bitcoin transfer. Then we just ignore the bid/ask spread and the transfer time on either side.
- mrb 9y agoYou are not thinking outside of the box: the advantages of Bitcoin multiply when you stay in bitcoins without converting to/from fiat currency. For example my brother in France owns some bitcoins. One day he sent me, who live in the US, some bitcoins. I was able to spend them instantly (~10 minutes) on NewEgg to buy computer hardware. None of us had to convert to/from fiat. The fees were small and the transfer was incredibly fast compared to a regular bank wire.