3 ms·
Come back when there is a crypto currency that is not 99% scam and speculation. Volatility in value and the missing anonymity is what makes Bitcoin etc utterly
by anc84 9y ago
Come back when there is a crypto currency that is not 99% scam and speculation. Volatility in value and the missing anonymity is what makes Bitcoin etc utterly useless for anything reasonable.
- bhaak 9y agoDid I mention Bitcoin anywhere in my post? I deliberately talked about "crypto currencies" and didn't single out any of the existing ones that could be used for this. It's also possible that a new, not-yet-existing one could be used for this, like the Facebook coin/token mentioned elsewhere in the thread. A crypto currency backed by a real world currency would of course be best as you don't have an issue with volatility but you have to live with some volatility anyway, if you don't restrict yourself from buying from places that use the same currency as you. Anonymity is obviously not a problem for most people as you can see by all those people that use Paypal and credit cards. For those people even the level of pseudonymity that Bitcoin offers would actually be an improvement.