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Bitcoin would be circulating way more if more services and online stores, e.g. Amazon, PayPal, simply accepted it as just another currency. Rejecting it as paym

Bitcoin would be circulating way more if more services and online stores, e.g. Amazon, PayPal, simply accepted it as just another currency. Rejecting it as payment method because it's not circulating is just circular logic. I have been spending plenty of mBTC in the stores (shopping, flights, hotels) that accept it such as Overstock, Abitsky, Destinia, etc. and my experience there has been way more comfortable than shopping with credit cards or even Paypal.

noretire 9y ago
And if it didn’t lose 75% or more of its value every so often. Guess what you don’t want money to do? That. How would you feel if the dollar in your pocket was worth $0.10 tomorrow?
popinman322 9y ago
Shopping with cryptocurrency has always seemed safer to me, personally. I keep all my BTC/LTC/ETH in Coinbase wallets, and whenever I want to send money from those wallets I need to go through multiple 2FA prompts. My debit/credit cards have never required anything more than a static number to be used online.
- tdb7893 9y ago
  I wish you could get bitcoin with the fraud prevention guarantees that come with credit cards
- a_c_s 9y ago
  If my credit card gets stolen then I just report it to the credit card company and I get a new card (free) and all of the fraudulent charges reversed. If the bank goes under, my funds are insured by the FDIC. If I lose my wallet I can report that to my banks and get everything (except the cash in my wallet) restored to pre-loss state. If my Coinbase wallet account is hacked because I use a bad password, can I get anything back? If Coinbase as a company goes under, what happens to my bitcoins? If I accidentally send cryptocurrency to the wrong recipient, how do I reverse that transaction? As somebody living in the USA who doesn't transfer funds internationally, I'm quite well covered by existing banking regulations: I'm struggling to see how Bitcoin is 'safer' for me in any way.
CupOfJava 9y ago
How do you get around the high transaction fees? Bitcoin seems too slow and expensive to use.

noretire 9y ago

And if it didn’t lose 75% or more of its value every so often. Guess what you don’t want money to do? That. How would you feel if the dollar in your pocket was worth $0.10 tomorrow?

popinman322 9y ago

Shopping with cryptocurrency has always seemed safer to me, personally. I keep all my BTC/LTC/ETH in Coinbase wallets, and whenever I want to send money from those wallets I need to go through multiple 2FA prompts. My debit/credit cards have never required anything more than a static number to be used online.

tdb7893 9y ago
I wish you could get bitcoin with the fraud prevention guarantees that come with credit cards
a_c_s 9y ago
If my credit card gets stolen then I just report it to the credit card company and I get a new card (free) and all of the fraudulent charges reversed. If the bank goes under, my funds are insured by the FDIC. If I lose my wallet I can report that to my banks and get everything (except the cash in my wallet) restored to pre-loss state. If my Coinbase wallet account is hacked because I use a bad password, can I get anything back? If Coinbase as a company goes under, what happens to my bitcoins? If I accidentally send cryptocurrency to the wrong recipient, how do I reverse that transaction? As somebody living in the USA who doesn't transfer funds internationally, I'm quite well covered by existing banking regulations: I'm struggling to see how Bitcoin is 'safer' for me in any way.

CupOfJava 9y ago

How do you get around the high transaction fees? Bitcoin seems too slow and expensive to use.