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> Doing so creates the risk of not actually receiving the payment, The circumstances under which this can happen are probably much rarer than the possibility of
by eric_h 9y ago
> Doing so creates the risk of not actually receiving the payment, The circumstances under which this can happen are probably much rarer than the possibility of a credit-card transaction being reversed.
When everyone and their mother is using bitcoin as currency, I'd agree with this statement. For now, and for a reasonable short term timeline (~1-5 yrs?), I'd argue that the probability of an immediately accepted bitcoin transaction being a fraudulent one are much higher, simply because there are more opportunists as a percentage of total 'users' of bitcoin than there are in a more established market.
Of course most of the new money that's come into the bitcoin market (from the say ~$2k/BTC - $16k/BTC time period) isn't using it as a currency, they're speculating on it growing in value even more.
> It will be interesting to see where things stand 30 years from now.
It most certainly will. Personally, I don't think bitcoin is going to be the go-to cryptocurrency of 30 years from now, but who knows.
I missed my chance at being a bitcoin billionaire already(could have stashed away a few 1000s of bitcoin back when it was well under $1), so I'm not playing the speculation game anymore (I sold what I had at under $10k/BTC) - I hope everyone on here who is holding onto loads of BTC cashes out before it crashes, or that it doesn't crash and actually becomes useful currency! I'm just going to keep putting money into my 401k.