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> Huh? I mean this is obviously not what I'm talking about, I don't think I have to elaborate further. Sorry, I don't follow then. You asked how you get it wit

> Huh? I mean this is obviously not what I'm talking about, I don't think I have to elaborate further. Sorry, I don't follow then. You asked how you get it without a bank account and I believe I answered that. Why does it matter if I have happened to purchase my coins via an exchange using Euros? Why would you think we would have to meet up personally? As for your other comments, well I was not suggesting that Bitcoin, or crypto, is ready for this right now. The original point I was replying to was that there is no use for it at all when I think (it was an opinion) - that there is potential in the technology. I am imagining the "if", in the spirit of the original comment, not the current reality. No bank account needed is true in reality - you could do a remote job and be paid in bitcoin if you really wanted. Or sell goods/services via Open Bazaar [1] and receive bitcoin. None of this might be "good enough" for you but it does exist. We are also far, far on the left of the adoption curve, so yes, I agree there's a ton of stuff to make it more practical than it is. [1] https://www.openbazaar.org/ https://www.openbazaar.org/

root_axis 9y ago
> Why does it matter if I have happened to purchase my coins via an exchange using Euros? Because it reinforces the fact that access to bitcoin generally requires a bank account. Everyone knows it is possible to transfer bitcoin over the internet, the key part is that nobody will do that for free, so an exchange must be facilitated and facilitation of exchange over the internet nearly always requires a bank account. > you could do a remote job and be paid in bitcoin if you really wanted A luxury available only to tiny fraction of the population, and even then, it's difficult to find substantial work where one is paid in bitcoins without a lot of searching (all the cryptocurrency focused job boards are ghost-towns full of trash and scams) > Or sell goods/services via Open Bazaar [1] and receive bitcoin Totally impractical - Open Bazaar is a ghost-town and there are no marketplaces with more activity besides darknet markets (and I've actually tried to sell stuff on OB and seen this first-hand). Also 2-3 multisig is not a solution to the problem of fraud which has an excellent risk/reward ratio for scammers on markets like Open Bazaar.
- jaymzcampbell 9y ago
  I am talking about the potential for the future and of the tech in general in that aspect. I accept there are huge impracticalities right now, especially with BTC. I'll leave it at that, I don't want to get into a big argument about it. I accept you have a different view.
- lostsock 9y ago
  If you provide a service for me I can pay you with bitcoin instead of an existing fiat solution. The same way you don't need a bank account for a cash-in-hand job. Unlike cash-in-hand Bitcoin can then be sent online without the need for a bank account.

root_axis 9y ago

> Why does it matter if I have happened to purchase my coins via an exchange using Euros? Because it reinforces the fact that access to bitcoin generally requires a bank account. Everyone knows it is possible to transfer bitcoin over the internet, the key part is that nobody will do that for free, so an exchange must be facilitated and facilitation of exchange over the internet nearly always requires a bank account. > you could do a remote job and be paid in bitcoin if you really wanted A luxury available only to tiny fraction of the population, and even then, it's difficult to find substantial work where one is paid in bitcoins without a lot of searching (all the cryptocurrency focused job boards are ghost-towns full of trash and scams) > Or sell goods/services via Open Bazaar [1] and receive bitcoin Totally impractical - Open Bazaar is a ghost-town and there are no marketplaces with more activity besides darknet markets (and I've actually tried to sell stuff on OB and seen this first-hand). Also 2-3 multisig is not a solution to the problem of fraud which has an excellent risk/reward ratio for scammers on markets like Open Bazaar.

jaymzcampbell 9y ago
I am talking about the potential for the future and of the tech in general in that aspect. I accept there are huge impracticalities right now, especially with BTC. I'll leave it at that, I don't want to get into a big argument about it. I accept you have a different view.
lostsock 9y ago
If you provide a service for me I can pay you with bitcoin instead of an existing fiat solution. The same way you don't need a bank account for a cash-in-hand job. Unlike cash-in-hand Bitcoin can then be sent online without the need for a bank account.